{"product_id":"9781464819148","title":"Fintech and the Future of Finance: Market and Policy Implications","description":"\u003ctable\u003e\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd style=\"\"\u003e\u003cstrong\u003eAuthor\/Contributor(s):\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd style=\"\"\u003eFeyen, Erik; Natarajan, Harish; Saal, Matthew\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd style=\"\"\u003e\u003cstrong\u003ePublisher:\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eWorld Bank Publications\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd style=\"\"\u003e\u003cstrong\u003eDate:\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e04\/03\/2023\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd style=\"\"\u003e\u003cstrong\u003eBinding:\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd style=\"\"\u003ePaperback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd style=\"\"\u003e\u003cstrong\u003eCondition:\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd style=\"\"\u003eNEW\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\u003c\/table\u003eFintech—the application of digital technology to financial services—is reshaping the\nfuture of finance. Digital technologies are revolutionizing payments, lending, investment,\ninsurance, and other financial products and services—and the COVID-19 pandemic has\naccelerated this process. Digitalization of financial services and money is helping to\nbridge gaps in access to financial services for households and firms and is promoting\neconomic development. Improved access to basic financial services translates into\nbetter firm productivity and growth for micro and small businesses, as well as higher\nincomes and resilience to improve the lives of the poor. Technology can lower\ntransaction costs by overcoming geographical access barriers; increasing the speed,\nsecurity, and transparency of transactions; and allowing for more tailored financial\nservices that better serve consumers, including the poor. Women can especially benefit.\n\nYet too many people and firms still lack access to essential financial services that could\nhelp them thrive. It is time for policy makers to embrace fintech opportunities and\nimplement policies that enable and encourage safe financial innovation and adoption.\n\nFintech and the Future of Finance: Market and Policy Implications explores the\nimplications of fintech and the digital transformation of financial services for market\noutcomes, on the one hand, and regulation and supervision, on the other hand—and\nhow these interact. The report, which provides a high-level perspective for senior\npolicy makers, is accompanied by notes that focus on salient issues for a more\ntechnical audience. As the financial sector continues to transform itself, policy\ntrade-offs will evolve, and regulators will need to ensure that market outcomes\nremain aligned with core policy objectives. Several policy implications emerge.\n\n1.Manage risks, while fostering beneficial innovation and competition.\n2.Broaden monitoring horizons and reassess regulatory perimeters.\n3.Review regulatory, supervisory, and oversight frameworks.\n4.Be mindful of evolving policy trade-offs as fintech adoption deepens.\n5.Monitor market structure and conduct to maintain competition.\n6.Modernize and open financial infrastructures.\n7.Ensure public money remains fit for the digital world.\n8.Pursue strong cross-border coordination and sharing of information\nand best practices.","brand":"World Bank Publications","offers":[{"title":"Default Title","offer_id":46586477019391,"sku":"9781464819148","price":43.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0452\/0886\/2873\/files\/Jacket_43dadbf9-508e-41b3-86ce-e6e65a9fa544.jpg?v=1739226371","url":"https:\/\/massivebookshop.com\/de\/products\/9781464819148","provider":"MASSIVE BOOKSHOP","version":"1.0","type":"link"}