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This note examines the implications of digital innovation for market structure and attendant policies, including … paper describes how digital innovation affects these key economic frictions in finance and alters the financial services … structure, lead to insights for policy makers on how to harness the benefits of fintech, while mitigating some of the risks …
Persistent link: https://www.econbiz.de/10013254873
-cutting across four key fintech products: digital microcredit, P2PL, investment-based crowdfunding, and e-money; and (2) examples of … Research Paper titled Consumer Risks in Fintech, New Manifestations of Consumer Risks and Emerging Regulatory Approaches. The … research paper delves more deeply into each of the four key fintech products and their associated risks. The appendix provides …
Persistent link: https://www.econbiz.de/10013254876
Fintech is transforming the global financial landscape. It is creating new opportunities to advance financial inclusion … supervision policy frameworks. Fintech encompasses new financial digital products and services enabled by new technologies and … policies. Although technology has long played a key role in finance, recent fintech developments are generating disruptive …
Persistent link: https://www.econbiz.de/10013254875
different fintech solutions address these barriers. The fintech solutions analyzed include digital credit, asset-based lending … highlighted. Section four analyzes how the providers of these fintech solutions for SMEs impact traditional banks, financial …
Persistent link: https://www.econbiz.de/10013254878
Financial consumer protection sets clear rules of conduct for financial firms regarding their retail customers. It aims to ensure that consumers: 1) receive information to allow them to make informed decisions, 2) are not subject to unfair or deceptive practices, and 3) have access to recourse...
Persistent link: https://www.econbiz.de/10012248009
The consumer financial services sector in South Africa is among the most sophisticated in the world, yet nearly 40 percent of the population, especially blacks, use no formal financial services. The now ubiquitous mobile phones are dramatically changing the landscape of digital financial...
Persistent link: https://www.econbiz.de/10012248107
From 2004 to 2007, lending to households in Kazakhstan expanded rapidly at 116 percent average annual growth rate and reached 22 percent of GDP, with loans in foreign currency reaching 7 percent of GDP. The share of real estate lending doubled between 2004 and 2007, amounting to 30 percent of...
Persistent link: https://www.econbiz.de/10012248114
From 2004 to 2007, lending to households in Kazakhstan expanded rapidly at 116 percent average annual growth rate and reached 22 percent of GDP, with loans in foreign currency reaching 7 percent of GDP. The share of real estate lending doubled between 2004 and 2007, amounting to 30 percent of...
Persistent link: https://www.econbiz.de/10012248115
Over the last decade, consumer credit in the Russian Federation has expanded from almost nothing to 9.2 percent of GDP in 2008, at 84 percent average annual growth in 2003-2008 year for five years. Yet, the increases have been uneven throughout the Russian population: more than 40 percent are...
Persistent link: https://www.econbiz.de/10012248124
The consumer financial services sector in South Africa is among the most sophisticated in the world, yet nearly 40 percent of the population, especially blacks, use no formal financial services. The now ubiquitous mobile phones are dramatically changing the landscape of digital financial...
Persistent link: https://www.econbiz.de/10012248131