Jul 13, 2023 · Fintech, the application of digital technology to financial services, is reshaping the future of finance– a process that the COVID-19 pandemic has accelerated. The ongoing digitization of financial services and money creates opportunities to build more inclusive and efficient financial services and promote economic development.

Nov 19, 2020 · The Fintech and the Future of Finance report is a series of eight technical notes and one overview paper covering data trends and market perceptions related to fintech, fintech policy issues, and specific fintech products (payments, SME finance products and digital money). The series explores the implications of fintech and the digital ...

5. Consumer Protection Implications of Fintech (Consumer Protection note) provides an overview of new manifestations of consumer risks that are significant and cross-cutting across four key fintech products: digital microcredit, P2PL, investment-based crowdfunding, and e-money. 📖 Read the Full Note | 🔍 Executive Summary. Specific fintech ...

This database consists of nearly 200 countries around the globe primarily to serve client and staff needs to be able to access, compare and contrast fintech related regulation globally. Information was collected from mostly desk-based review and is supplemented by our in-country knowledge.

The World Bank Group and the IMF launched the Bali fintech agenda (BFA) in 2018, recognizing the need for regulators and policy makers to actively engage as technology transforms finance, to take advantage of new efficiencies and opportunities to broaden financial access and achieve financial inclusion, while safeguarding financial stability ...

WASHINGTON, December 3, 2020—The fintech market has continued to help expand access to financial services during the COVID-19 pandemic—particularly in emerging markets—with strong growth in all types of digital financial services except lending, according to a joint study by the World Bank, the Cambridge Centre for Alternative Finance at the University of Cambridge’s …

Nov 21, 2024 · By fostering partnerships, we ensure that fintech innovations reach underserved communities, enabling small businesses, entrepreneurs, and women to access new financial tools. For example, in Pakistan, we have trained 28 accelerators and incubators, along with all 5 private equity and venture capital funds, positioning them as platforms for ...

The 2021 edition of the Global Findex, contains updated indicators on access to and use of formal and informal financial services and digital payments, and offers insights into the behaviors that enable financial resilience.

There was an increased density of global fintech-related sandboxes, particularly from mid-2018 through 2020. More than half of all relevant sandboxes, or about 56 percent, were created between 2018 and 2019, and about a fifth were created in the first half of 2020 alone suggesting rapid growth around the world in the use of sandboxes to test fintech innovations and regulati

May 1, 2019 · FinSAC Fintech conference will concentrate on the most highly discussed fintech themes of relevance to regulators, supervisors, and central bankers: regulatory and supervisory responses to fintech; suptech and regtech; operational risk arising from fintech; Distributed Ledger Technology and crypto-assets; and evolution of consumer lending.