Finance with a Purpose: FinTech, Development and Financial Inclusion in the Global Economy Frederic de Mariz
Finance with a Purpose: FinTech, Development and Financial Inclusion in the Global Economy Frederic de Mariz From vehicles to music, power generation to retail, every aspect of our daily routine has…
Specifikacia Finance with a Purpose: FinTech, Development and Financial Inclusion in the Global Economy Frederic de Mariz
Finance with a Purpose: FinTech, Development and Financial Inclusion in the Global Economy Frederic de Mariz
From vehicles to music, power generation to retail, every aspect of our daily routine has experienced drastic changes in the recent past, driven by secular forces such as digitization, a growing focus on sustainability, regulatory changes and evolving consumer behavior. A paradigm change is at play in the financial sector, with a surge in competition from non-traditional actors, a revolution in customer experience evidenced by rising transparency and customer-centric strategies. Financial services are no exception.
Through the lens of FinTech (financial technology) -- including payments, lending platforms, insurtech, superapps and market infrastructure -- the author highlights the practical policy FinTech is disrupting financial services, providing a historic opportunity for formally underserved customers, a formidable threat to existing banks and a critical challenge to regulators.