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 ...

Oct 11, 2018 · The International Monetary Fund and the World Bank Group today launched the Bali Fintech Agenda, a set of 12 policy elements aimed at helping member countries to harness the benefits and opportunities of rapid advances in financial technology that are transforming the provision of banking services, while at the same time managing the inherent risks.

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 …

Fintech solutions can drive solutions for SMEs and unbanked retail users as well as reducing the cost of services Innovating payment solutions to improve market expansion Delivering Islamic social financing to support global Sustainable Development Goals (SDGs): Islamic fintech can tap into the Islamic social financing pool to fund wider global ...

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 ...

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.

Matthew’s work at FIG covers digital financial services and financial infrastructure advisory work, partnerships, and investments in innovative financial services providers. During 2018-2019 Matthew was a World Bank Presidential Fellow seconded to the FCI Global Practice, focused on fintech policy and fintech for inclusion.

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