How to create the most effectual Policy and Advocacy across Asia pacific
The conversation will be lead by Australian Minister Jane Hume (Financial Services and Financial Technology)
Chapter 1: Policy and Advocacy to support Innovation in Paytech across the Asia-Pacific Region
PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders.
1) Harnessing a major moment in time
- How is the Covid-19 pandemic changing attitudes and accelerating the adoption of innovation in payments?
- Strategically, how can we position the emerging payments industry as an enabler of economic growth and human development?
- Tactically, where should we be focusing right now for maximum impact
2) Regulation as a double-edged sword
- How to strike the right balance of enabling innovation to meet changing consumer needs whilst ensuring adequate consumer protection?
- What is working well to support innovation and a “can do” attitude? Consider: trade and fact-finding missions; fintech bridges; regulatory sandboxes; negative assurances; competition mandates; and principles-based regulation.
- How best to understand and support different regulatory objectives across the diverse APAC region and support co-operative development? (We’re all in this together.)
3) Levelling up the playing field for effective and inclusive advocacy
- Do traditional policymaking processes lead to regulatory bias towards the traditional (because it is known) and against the innovative (because it’s unknown)? If yes, why? And what can we do about it?
- How can we better capture and include the knowledge and passion of emerging technology companies (e.g. Fintech) in advocacy efforts?
- How can we learn about consumer experiences and preferences from each other’s markets for richer discussions and future-proofed policy outcomes?
Holly Dorber is the Head of Government Relations for PayPal in Australia having joined in February 2020
She has almost 15 years’ experience in the financial services industry specialising in public policy. She has worked as a policy adviser to the Australian Government and held senior roles across the public, private and industry sectors including with some of Australia’s largest financial services institutions, the Westpac Banking Group and AMP Financial Services.
Holly is a passionate advocate for the role of good public policy in improving the lives of Australians.
Jane Hume is a Liberal Party Senator from Victoria, having been elected in July 2016.
Born and raised in Melbourne, Senator Hume completed a Bachelor of Commerce at the University of Melbourne, later returning to gain further qualifications in Political Science.
Subsequent to graduation, Senator Hume held various senior positions in the financial services industry, working for the National Australia Bank, Rothschild Australia, Deutsche Bank and, immediately prior to her election, as a Senior Policy Advisor at Australian Super. She has also served on a number of boards including the Royal Children’s Hospital, Federation Square, and Perinatal Anxiety & Depression Australia.
In recognition of her extensive experience in corporate and philanthropic organisations, on entering the Senate, she was immediately appointed as Chair of the Senate Standing Committee on Economics (Legislation). She also serves on a number of other Senate and Joint Standing Committees, including Legal and Constitutional Affairs, Corporations and Financial Services and NBN.