{"product_id":"fintech-and-the-future-of-erik-feyen-9781464819148","title":"Fintech and the Future of Finance","description":"\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.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Erik Feyen, Harish Natarajan, Matthew Saal\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1464819149\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781464819148\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e World Bank Publications\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 04\/03\/2023\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 168\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.67lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 10.00h x 7.00w x 0.36d\u003c\/p\u003e","brand":"Erik Feyen","offers":[{"title":"Paperback","offer_id":44567039574271,"sku":"9781464819148","price":43.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_71d5b8c1-1665-4849-90b3-76398f7a9fa8.jpg?v=1701375742","url":"https:\/\/www.whiterainbookhouse.com\/products\/fintech-and-the-future-of-erik-feyen-9781464819148","provider":"WR Book House","version":"1.0","type":"link"}