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22.3.1 Basic Characteristics
Fintech—the application of digital technology to financial services—is reshaping the future of finance. Digital technologies are revolutionizing payments, lending, investment, insurance, and other financial products and services—and the COVID-19 pandemic has accelerated this process. Digitalization of financial services and money is helping to bridge gaps in access to financial services for households and firms and is promoting economic development. Improved access to basic financial services translates into better firm productivity and growth for micro and small businesses, as well as higher incomes and resilience to improve the lives of the poor. Technology can lower transaction cost...
Lerong Lu examines the biggest change in modern financial industry - the Fintech (financial technology) revolution - that denotes the close interaction between the financial services industry and latest information technologies such as big data, cloud computing, blockchain, and artificial intelligence. The three areas of banking institutions, online lending marketplaces, and money and payment systems are explored to assess how financial innovations affect the traditional financial industry, what kinds of regulatory challenges arise, and how global policymakers react to such challenges. With in-depth and international case studies on Fintech, including app-based banking services, mobile payme...
In the past decade, fintech has shaken up the financial sector in Latin America providing innovations in lending, payments, insurance, and regulation and compliance. This paper examines this development by focusing on both fintech services and regulation. Exploring fintech’s macro-critical impact using country- and bank-level data, we find that booming financial technologies in Latin America have helped boost competition in the banking sector and inclusion. Additionally, we demonstrate that fintech firms in Latin America experienced robust growth even during the pandemic supported by external funding. Finally, we discuss how regulators are addressing the risks associated with financial technologies and how they are leveraging fintech tools in their supervisory activities.
The Nicaraguan economy remained resilient through multiple shocks over the past five years, supported by appropriate policies, substantial pre-crisis buffers (primarily government deposits), and multilaterals support. After a strong rebound in 2021, the economy continued to grow at a steady pace in 2022 and through June 2023 (3.8 percent). Inflation slowed down, the fiscal position turned into a surplus, and record-high remittances, sustained Foreign Direct Investment (FDI) and prudent policies supported a continued accumulation of gross international reserves. Banks remain well capitalized, and the loan portfolio is steadily improving with the economic recovery.
An entrepreneurial ecosystem is characterized by the structure and interactions of organizations, firms, institutions, and individuals in a specific locale that is conducive to entrepreneurship. It can be defined as a set of interdependent actors and factors that are governed in such a way that they enable productive entrepreneurship in a particular territory. The World Bank has developed a new toolkit, Developing Entrepreneurial Ecosystems for Digital Businesses and Beyond, for entrepreneurial ecosystem assessments, including dedicated methodologies and data sets, to nurture digital entrepreneurship. This toolkit builds on the World Bank’s expertise in collecting and analyzing firm-level data, assessing the quality and efficiency of policies that support innovation and small and medium enterprises, and deriving insights from spatial economics to inform subnational analysis. The toolkit consists of six modules: cross-country context analysis, assessing local entrepreneurial ecosystems, digital entrepreneurship and tech start-ups, mapping public programs and intermediary organizations, digital market regulations, and policy options to support entrepreneurial ecosystems.
Whether you want to visit the Colosseum in Rome, go designer shopping in Milan, or hike the Cinque Terre, the local Fodor’s travel experts in Italy are here to help! Fodor’s Essential Italy 2023 guidebook is packed with maps, carefully curated recommendations and everything else you need to simplify your trip-planning process and make the most of your time. This new edition has an easy-to-read layout, fresh information, and beautiful color photos. Fodor’s “Essential” guides were named by Booklist as the Best Travel Guide Series of 2020! Fodor’s Essential Italy 2023 travel guide includes: AN ILLUSTRATED ULTIMATE EXPERIENCES GUIDE to the top things to see and do MULTIPLE ITINERARIE...
Contains biographical profiles of seventy women from the Medieval and Renaissance world.
Whether you want to visit the Colosseum in Rome, go designer shopping in Milan, or hike the Cinque Terre, the local Fodor’s travel experts in Italy are here to help! Fodor’s Essential Italy 2024 guidebook is packed with maps, carefully curated recommendations, and everything else you need to simplify your trip-planning process and make the most of your time. This new edition has an easy-to-read layout, fresh information, and beautiful color photos. Fodor’s Essential Italy 2024 travel guide includes: AN ILLUSTRATED ULTIMATE EXPERIENCES GUIDE to the top things to see and do MULTIPLE ITINERARIES to effectively organize your days and maximize your time MORE THAN 78 DETAILED MAPS and a FREE...
This open access book is the first to systematically explore competition policy in fintech markets. Drawing from the expertise of law scholars, economists, and social and natural scientists from the EU and the US, this edited collection explores the competitive dynamics, market organisation, and competition law application in fintech markets. It is the 17th volume in the Swedish Studies in European Law series. The eBook editions of this book are available open access under a CC BY-NC-ND 4.0 licence on bloomsburycollections.com. Open access was funded by the Swedish Network for European Legal Studies.