Fintech in Europe and Central Asia : Maximizing Benefits and Managing Risks

Berg, Gunhild ; Guadamillas, Mario ; Natarajan, Harish ; Sarkar, Arpita

World Bank, Washington, DC

关键词: FINANCIAL TECHNOLOGY;    FINTECH;    REMITTANCES;    ACCESS TO FINANCE;    MICROENTERPRISES;   

RP-ID  :  147346

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

FinTech has tremendous potential in theEurope & Central Asia (ECA) region, given its highmobile phone and internet access levels and scope forincreased use of digital payments. However, there are majorregional differences between high-income and middle-incomecountries regarding access to technology, FinTech adoption,and regulatory capacity. This paper analyzes theopportunities and risks related to FinTech in the ECAregion, focusing on these three key financial sectorchallenges: (i) high costs of international remittances,(ii) inefficiencies in the provision of domestic payments,and (iii) low levels of MSME's access to finance. Italso analyzes the level of FinTech development in theregion, and delves into the state of FinTech policy,regulation and supervision in the region along with ananalysis of reform needs. Finally, this paper touches uponthe role for international public policy coordinationrelated to FinTech generally, with a focus on the ECA region.