EY joins P20 financial inclusion coalition

Source: P20

P20 is delighted to announce EY as part of P20’s Financial Inclusion Working Group.

The Working Group, led by Mastercard, has been developing best practices that form part of a global approach to breaking down barriers of financial exclusion which have grown and magnified during the Covid-19 pandemic.

P20 is the Voice of the Global Payments Industry and brings together industry leaders, regulators and government officials to collaborate in harmonizing a global approach and developing solutions to non-competitive issues in the payments industry. P20 focuses specifically in the areas of combating fraud & criminal transactions, cyber security and financial inclusion.

P20 regularly releases signature reports on payments and hosts its annual Global Payments Conference, which is attended by industry leaders, politicians, regulators and government officials. Previous participants include:

• David Cameron PC, former UK Prime Minister
• Governor Nathan Deal, former Governor of Georgia
• Jack Lew, former US Treasury Secretary
• Steven Mnuchin, former US Treasury Secretary
• Rishi Sunak PC MP, UK Chancellor of the Exchequer
• Mary Ng PC MP, Canadian Minister of International Trade
• General David Petraeus, former Director of the CIA
• Admiral Lord West of Spithead GCB DSC PC, former UK Security Minister
• Philip Hammond PC, former UK Chancellor of the Exchequer
• John Glen MP, UK Economic Secretary to the Treasury
• Kipp Kranbuhl, former US Assistant Secretary for Financial Institutions
• George Holding, former US Congressman
• Gwyneth Nurse CB, Director of Financial Services, UK HM Treasury
• Christopher Woolard CBE, former Interim CEO, UK Financial Conduct Authority

Duncan Sandys, CEO, P20 says: “I am delighted EY will be part of our Financial Inclusion Working Group and look forward to seeing the contribution they will bring as we work with players across the industry to develop best practices for the global payments industry.”

Jan Bellens, EY Global Banking & Capital Markets Leader, says: “Financial inclusion is an important issue in the global payments space, and EY participants couldn’t be more excited to join P20’s Working Group. It will be great to exchange ideas on these issues in the hope of making an impact for the future.”

Comments: (0)