Fintech, Inclusive Growth and Cyber Risks: Focus on the MENAP and CCA Regions
IMF Working Papers, September 11, 2018
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- Fintech, Inclusive Growth and Cyber Risks: Focus on the MENAP and CCA Regions
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Bibliographic details
- Authors: Inutu Lukonga
- Published: September 11, 2018
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781484374900.001
Overview and key finding
- Financial technology (fintech) is emerging as an innovative way to achieve financial inclusion and the broader objective of inclusive growth.
- Thus far, fintech in the MENAP and CCA remains below potential with limited impact on financial inclusion.
- The paper reviews the fintech landscape in the MENAP and CCA regions, identifies the constraints to the growth of fintech and its contribution to inclusive growth, and considers policy options to unlock the potential.
Main themes analyzed
- Fintech as a tool for financial inclusion and inclusive growth.
- The fintech landscape in the MENAP and CCA regions.
- Constraints to fintech growth and to its contribution to inclusive growth.
- Cyber risks associated with fintech and implications for financial stability and risk management.
- Policy options to unlock fintech’s potential for inclusive growth.
Substantive findings (as stated)
- Fintech in the MENAP and CCA regions remains below potential.
- Fintech’s impact on financial inclusion in these regions is limited.
Implications and policy focus (as stated)
- Identifying constraints to fintech growth is necessary to enhance fintech’s contribution to inclusive growth.
- Considering policy options is necessary to unlock the potential of fintech in MENAP and CCA.