Fintech and financial inclusion: Opportunities and pitfalls

Arbeitspapier

Financial innovation in the form of new delivery channels, products, and providers has helped push out the frontier of access to finance and thus increase the bankable and banked population. Mobile money and crowdfunding platforms are prime examples for this. The same financial innovation has also blurred the regulatory boundaries of the financial system, with nonbanks, including telecom companies and bigtechs such as Alibaba and Tencent, taking to offering financial services and increasingly moving into the financial intermediation business. This paper summarizes recent research on (i) financial inclusion, with a focus on developments in Asia; (ii) the extent to which advances in financial inclusion are driven by digitally driven financial innovation; and (iii) what the rise of fintech and bigtech implies for the structure of the financial system. It draws regulatory conclusions from this research but also points to future research avenues.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ADBI Working Paper Series ; No. 1165

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Household Saving; Personal Finance ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages ; Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors ; Financial Institutions and Services: Government Policy and Regulation ; Behavioral Finance: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets‡ ; Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
• Thema: financial inclusion ; financial innovation ; fintech ; bigtech ; mobile money ; big data

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Beck, Thorsten
• Ereignis: Veröffentlichung
• (wer): Asian Development Bank Institute (ADBI)
• (wo): Tokyo
• (wann): 2020

Weitere Informationen

• Handle: http://hdl.handle.net/10419/238522
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ