The Promise of Fintech - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Promise of Fintech write by Ms.Ratna Sahay. This book was released on 2020-07-01. The Promise of Fintech available in PDF, EPUB and Kindle. Technology is changing the landscape of the financial sector, increasing access to financial services in profound ways. These changes have been in motion for several years, affecting nearly all countries in the world. During the COVID-19 pandemic, technology has created new opportunities for digital financial services to accelerate and enhance financial inclusion, amid social distancing and containment measures. At the same time, the risks emerging prior to COVID-19, as digital financial services developed, are becoming even more relevant.
Democratizing Finance
Democratizing Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Democratizing Finance write by Marion Laboure. This book was released on 2022-01-01. Democratizing Finance available in PDF, EPUB and Kindle. We are only in the early stages of a broader revolution that will impact every aspect of the global economy, including commerce and government services. Coming financial technology innovations could improve the quality of life for all people. Over the past few decades, digital technology has transformed finance. Financial technology (fintech) has enabled more people with fewer resources, in more places around the world, to take advantage of banking, insurance, credit, investment, and other financial services. Marion Laboure and Nicolas Deffrennes argue that these changes are only the tip of the iceberg. A much broader revolution is under way that, if steered correctly, will lead to huge and beneficial social change. The authors describe the genesis of recent financial innovations and how they have helped consumers in rich and poor countries alike by reducing costs, increasing accessibility, and improving convenience and efficiency. They connect the dots between early innovations in financial services and the wider revolution unfolding today. Changes may disrupt traditional financial services, especially banking, but they may also help us address major social challenges: opening new career paths for millennials, transforming government services, and expanding the gig economy in developed markets. Fintech could lead to economic infrastructure developments in rural areas and could facilitate emerging social security and healthcare systems in developing countries. The authors make this case with a rich combination of economic theory and case studies, including microanalyses of the effects of fintech innovations on individuals, as well as macroeconomic perspectives on fintech's impact on societies. While celebrating fintech's achievements to date, Laboure and Deffrennes also make recommendations for overcoming the obstacles that remain. The stakes--improved quality of life for all people--could not be higher.
Democratizing Finance
Democratizing Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Democratizing Finance write by Marion Laboure. This book was released on 2022-04-05. Democratizing Finance available in PDF, EPUB and Kindle. We are only in the early stages of a broader revolution that will impact every aspect of the global economy, including commerce and government services. Coming financial technology innovations could improve the quality of life for all people. Over the past few decades, digital technology has transformed finance. Financial technology (fintech) has enabled more people with fewer resources, in more places around the world, to take advantage of banking, insurance, credit, investment, and other financial services. Marion Laboure and Nicolas Deffrennes argue that these changes are only the tip of the iceberg. A much broader revolution is under way that, if steered correctly, will lead to huge and beneficial social change. The authors describe the genesis of recent financial innovations and how they have helped consumers in rich and poor countries alike by reducing costs, increasing accessibility, and improving convenience and efficiency. They connect the dots between early innovations in financial services and the wider revolution unfolding today. Changes may disrupt traditional financial services, especially banking, but they may also help us address major social challenges: opening new career paths for millennials, transforming government services, and expanding the gig economy in developed markets. Fintech could lead to economic infrastructure developments in rural areas and could facilitate emerging social security and healthcare systems in developing countries. The authors make this case with a rich combination of economic theory and case studies, including microanalyses of the effects of fintech innovations on individuals, as well as macroeconomic perspectives on fintech’s impact on societies. While celebrating fintech’s achievements to date, Laboure and Deffrennes also make recommendations for overcoming the obstacles that remain. The stakes—improved quality of life for all people—could not be higher.
Promise (Un)kept? Fintech and Financial Inclusion
Promise (Un)kept? Fintech and Financial Inclusion - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Promise (Un)kept? Fintech and Financial Inclusion write by Mr. Serhan Cevik. This book was released on 2024-06-28. Promise (Un)kept? Fintech and Financial Inclusion available in PDF, EPUB and Kindle. The emergence of financial technologies—fintech—has become an engine of change, promising to expand access to financial services and give a boost to financial inclusion. The ownership of accounts in formal financial institutions increased from 51 percent of the world’s adult population in 2011 to 76 percent in 2021, but there is still significant variation across countries. So has the rapid growth of fintech delivered the promise of broadening financial services to the under-served populations? In this paper, I use a comprehensive dataset to investigate the relationship between fintech and financial inclusion in a panel of 84 countries over the period 2012–2020 and obtain interesting empirical insights. First, the magnitude and statistical significance of fintech on financial inclusion varies according to the type of instrument. While digital lending has a significant negative effect on financial inclusion, digital capital raising is statistically insignificant. Second, the overall impact of fintech is also statistically insignificant for the full sample, but becomes positive and statistically highly significant in developing countries. Policymakers need to develop an adequate regulatory framework that balances fostering innovation and ensuring equitable treatment of individuals and groups. This requires better financial education, strong regulatory institutions, and well-calibrated prudential regulations for a level playing field and effective supervision.
Embracing the Promise of Fintech
Embracing the Promise of Fintech - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Embracing the Promise of Fintech write by Irina Mnohoghitnei. This book was released on 2019. Embracing the Promise of Fintech available in PDF, EPUB and Kindle. The UK economy is becoming increasingly digital with high levels of smartphone and internet penetration, a growth in e-commerce, the emergence of new technologies and an enhanced ability to capture and analyse large amounts of data.Fintech is supporting this shift by enabling new players and business models to enter the market. This could increase competition, meet unfulfilled customer needs, reduce inefficiencies and change financial services. Overall, this could create a more efficient, effective and resilient financial system. At the same time, new risks to financial stability may emerge and existing risks could be amplified. The Bank of England's mission is to promote the good of the people of the UK by maintaining monetary and financial stability. As such, it seeks to understand what fintech means for the stability of the financial system, the safety and soundness of financial firms, and its ability to perform its operational and regulatory roles. The Bank of England is committed to embracing fintech to deliver its mission. As such, it is upgrading its hard infrastructure -- particularly its payments architecture -- to enhance security and support innovation, while also updating its 'soft infrastructure' -- including rules and regulations -- to mitigate potential risks. The Bank of England is also applying new technology to enhance its own capabilities.
