{"product_id":"fintech-and-the-future-of-finance-market-and-policy-implications-paperback","title":"Fintech and the Future of Finance: Market and Policy Implications - Paperback","description":"\u003cp\u003eby \u003cb\u003eErik Feyen\u003c\/b\u003e (Author), \u003cb\u003eHarish Natarajan\u003c\/b\u003e (Author), \u003cb\u003eMatthew Saal\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e Fintech-the application of digital technology to financial services-is reshaping the\u003c\/p\u003e\u003cp\u003e future of finance. Digital technologies are revolutionizing payments, lending, investment, \u003c\/p\u003e\u003cp\u003e insurance, and other financial products and services-and the COVID-19 pandemic has\u003c\/p\u003e\u003cp\u003e accelerated this process. Digitalization of financial services and money is helping to\u003c\/p\u003e\u003cp\u003e bridge gaps in access to financial services for households and firms and is promoting\u003c\/p\u003e\u003cp\u003e economic development. Improved access to basic financial services translates into\u003c\/p\u003e\u003cp\u003e better firm productivity and growth for micro and small businesses, as well as higher\u003c\/p\u003e\u003cp\u003e incomes and resilience to improve the lives of the poor. Technology can lower\u003c\/p\u003e\u003cp\u003e transaction costs by overcoming geographical access barriers; increasing the speed, \u003c\/p\u003e\u003cp\u003e security, and transparency of transactions; and allowing for more tailored financial\u003c\/p\u003e\u003cp\u003e services that better serve consumers, including the poor. Women can especially benefit.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e Yet too many people and firms still lack access to essential financial services that could\u003c\/p\u003e\u003cp\u003e help them thrive. It is time for policy makers to embrace fintech opportunities and\u003c\/p\u003e\u003cp\u003e implement policies that enable and encourage safe financial innovation and adoption.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e Fintech and the Future of Finance: Market and Policy Implications explores the\u003c\/p\u003e\u003cp\u003e implications of fintech and the digital transformation of financial services for market\u003c\/p\u003e\u003cp\u003e outcomes, on the one hand, and regulation and supervision, on the other hand-and\u003c\/p\u003e\u003cp\u003e how these interact. The report, which provides a high-level perspective for senior\u003c\/p\u003e\u003cp\u003e policy makers, is accompanied by notes that focus on salient issues for a more\u003c\/p\u003e\u003cp\u003e technical audience. As the financial sector continues to transform itself, policy\u003c\/p\u003e\u003cp\u003e trade-offs will evolve, and regulators will need to ensure that market outcomes\u003c\/p\u003e\u003cp\u003e remain aligned with core policy objectives. Several policy implications emerge.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e 1.Manage risks, while fostering beneficial innovation and competition.\u003c\/p\u003e\u003cp\u003e 2.Broaden monitoring horizons and reassess regulatory perimeters.\u003c\/p\u003e\u003cp\u003e 3.Review regulatory, supervisory, and oversight frameworks.\u003c\/p\u003e\u003cp\u003e 4.Be mindful of evolving policy trade-offs as fintech adoption deepens.\u003c\/p\u003e\u003cp\u003e 5.Monitor market structure and conduct to maintain competition.\u003c\/p\u003e\u003cp\u003e 6.Modernize and open financial infrastructures.\u003c\/p\u003e\u003cp\u003e 7.Ensure public money remains fit for the digital world.\u003c\/p\u003e\u003cp\u003e 8.Pursue strong cross-border coordination and sharing of information\u003c\/p\u003e\u003cp\u003e and best practices. \u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThe World Bank came into formal existence in 1945 following the international ratification of the Bretton Woods agreements. It is a vital source of financial and technical assistance to developing countries around the world. The organization's activities are focused on education, health, agriculture and rural development, environmental protection, establishing and enforcing regulations, infrastructure development, governance and legal institutions development. The World Bank is made up of two unique development institutions owned by its 185 Member Countries. The International Bank for Reconstruction and Development (IBRD) focuses on middle income and creditworthy poor countries and the International Development Association (IDA), which focuses on the poorest countries in the world.\u003c\/p\u003e\n        \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 168\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.44 x 10 x 7 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e April 03, 2023\u003c\/div\u003e\n            ","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51781848695072,"sku":"9781464819148","price":50.63,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/dc9c383badb20f23d7a55a4741a9d936.webp?v=1780558811","url":"https:\/\/ebocreations.com\/products\/fintech-and-the-future-of-finance-market-and-policy-implications-paperback","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}