Monetary innovation using Technology (FinTech) portrays the advancing intersection of monetary services (Fin) and innovation in technology (Tech). It alludes to new businesses, tech companies, or even innovating old ones. We break down what FinTech is, where it's headed, how to make the most of...

India had experienced a rapid economic growth in the last decade. But the growth was not inclusive. One of the main reasons for poverty in India is that low income and disadvantaged groups are financially excluded. All kinds of financial services are enjoyed by few peoples in the country but...

The poor use of innovations for financial service delivery among African banks has limited the extent of financial development in the continent. Consequently, financial authorities seeks for a technology-enabled financial solution; an area not well covered in literature. This study therefore,...

The widespread financial exclusion in Africa despite the continent's high adoption of financial technology (Fintech) suggests that there is a gap between Fintech's adoption and its actual usefulness. This study seeks to measure Fintech's usefulness, its growth and identify its determinants in a...

This study focuses on the role of financial development in the economic growth of Central, Eastern and South-Eastern European (CESEE) countries in the post-communist era (1995–2014), which coincides with the opening up of financial markets to foreign investors and the global financial crisis....

Contingent claims analysis (CCA) has formed part of the core of modern financial theory since the early 1970s as basis for many credit risk measurement methods. The adaptation of CCA for the measurement and analysis of systemic risk that arises due to the cross-exposures of economic sectors is a...

For the development of a country, its financial and economic backbone must be strong. This is especially true in the case of developing countries, who attach great importance to financial sector development and deepening in the pursuit of their poverty reduction goal. The financial sector...

Our paper uses a novel methodology to reexamine the relationship between financial development and economic growth in the era of sustainable development. Our empirical procedure deals with both functional-form misspecification bias as well as bias from endogenous regressors. It also provides an...