The UNDP, MAS, and other international parties have launched a concept called Universal Trusted Credentials (UTC). This unique concept will enable MSMEs to create digital identities and trusted credentials through a non-collaterized set of date points. Once these UTC are accepted by financial institutions, MSMEs will be able to access a wider and deeper level of financing. This concept has a huge potential to uplift MSMEs globally.
 
The UNDP will host a session for UTC introducing it as a concept, highlighting its current progress, and seeking areas for which it could further advance. The panel members include senior central bank leaders and financial institution partners. 
The aims of the session are to:
1.    Advance industry thinking on UTC and specifically around process and benefits.
2.    Harness collective experience and best-practices.
3.    Connect with different countries in order to expand and deepen UTC use in represented markets.

The masterclass provides an overview into the Denmark and Nordic regulator landscape, how they work with research, and the Danish FSA’s regulatory sandbox project with Deon Digital, focused on Smart Financial Instrument (SFI) DLT technology. Join us for an afternoon session on 15th November where we will dive more into the project, and cover the expansion of Fintech solutions from the shores of Denmark to the thriving landscapes of Southeast Asia with a partnership use case in Malaysia. Don’t miss this opportunity to explore the future of Fintech regulation and transformation!