Thursday
July 11
2019

Report: Countries are Broadly Embracing the Opportunities of Fintech to Boost Economic Growth and Inclusion

By JD Alois

In a paper entitled “Fintech: the Experience So Far,” the International Monetary Fund (IMF) stated that, while there are regional differences, “countries were broadly embracing the opportunities of Fintech to boost economic growth and inclusion.”

The pursuit of Fintech innovation is being balanced with the need to address intrinsic risk.

The IMF paper “identified key areas for international cooperation” which included roles for the IMF and the World Bank Group.

IMF Directors told staff to continue to monitor Fintech developments and to “further analyze the macro-critical implications and risks at the country and global levels.”

Photo courtesy of ICT4D.at.

Source: Crowdfund Insider (link opens in a new window)

Categories
Finance
Tags
economic development, financial inclusion, financial innovation, fintech