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Regulation and Supervision of FintechFintech and the Future of Finance Flagship Technical Note : Considerations for EMDE Policymakers / World Bank.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Author/Creator:
- World Bank, author, issuing body.
- Language:
- English
- Subjects (All):
- Financial Management.
- Physical Description:
- 1 online resource
- Other Title:
- Regulation and Supervision of FintechFintech and the Future of Finance Flagship Technical Note
- Place of Publication:
- Washington, D.C. : The World Bank, 2022.
- Summary:
- Fintech is transforming the global financial landscape. It is creating new opportunities to advance financial inclusion and development in Emerging Markets and Developing Economies (EMDEs), but also presents risks that require updated 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 innovation in data collection, processing, and analytics. They are helping to introduce new relationship models and distribution channels that challenge traditional ways of finance, while creating additional risks. While most of these risks are not new, their effects and the way they materialize and spread across the system are not yet fully understood, posing new challenges to regulators and supervisors.
- Notes:
- Description based on publisher supplied metadata and other sources.
- Publisher Number:
- 10.1596/37345
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