Finance with a Purpose:FinTech, Development and Financial Inclusion in the Global Economy

Frederic de Mariz
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Frederic de Mariz: Columbia University, USA

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: From vehicles to music, power generation to retail, every aspect of our daily routine has experienced drastic changes in the recent past, driven by secular forces such as digitization, a growing focus on sustainability, regulatory changes and evolving consumer behavior. Financial services are no exception. A paradigm change is at play in the financial sector, with a surge in competition from non-traditional actors, a revolution in customer experience evidenced by rising transparency and customer-centric strategies. FinTech is disrupting financial services, providing a historic opportunity for formally underserved customers, a formidable threat to existing banks and a critical challenge to regulators. Through the lens of FinTech (financial technology) — including payments, lending platforms, insurtech, superapps and market infrastructure — the author highlights the practical policy opportunities and risks of financial inclusion with a wealth of data.

Keywords: Open banking; Microfinance; Financial inclusion; Private Equity; FinTech; Bigtech; Two-Sided Platforms; Bank Branches; Banking; Insurance; Investment; Asset Management; Credit; Robo-Advisor; DFI; Development Finance; Multilateral; ESG; Sustainability; Green bonds; TCFD; Regulation; Cybercrime; Innovation; Risk Management; Innovation; Disruption; Sandbox; Superapp; Platform; Nubank; Inter; Pagseguro; Compartamos; Yunus; Stiglitz; Rawls; Banerjee; Duflo; Bernanke; Demirguc-Kunt; Tirole; Aghion; World Bank; CGAP; IMF; Bank of England; European Union; EU Commission; Federal Reserve; Central Bank of Brazil; Impact; Impact Metrics; SASB; Materiality; BIS (search for similar items in EconPapers)
JEL-codes: G2 G21 O1 O33 (search for similar items in EconPapers)
Date: 2022
ISBN: 9781800612198
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Citations: View citations in EconPapers (1)

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https://www.worldscientific.com/worldscibooks/10.1142/q0359 (text/html)
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Chapters in this book:

Ch 1 Introduction: Financial Disruption with a Purpose , pp 1-5

Frederic de Mariz

Ch 2 The Promise of Open Banking , pp 7-30

Frederic de Mariz

Ch 3 Benefits and Limits of Financial Inclusion , pp 31-51

Frederic de Mariz

Ch 4 Microcredit 15 Years After the Nobel Prize , pp 53-87

Frederic de Mariz

Ch 5 Electronic Payments as Entry Point for Inclusion , pp 89-110

Frederic de Mariz

Ch 6 Cryptocurrencies: A Natural Evolution for Payments? , pp 111-126

Frederic de Mariz

Ch 7 The End of Branches as We Know Them , pp 127-141

Frederic de Mariz

Ch 8 Using Data While Respecting Customers’ Rights , pp 143-158

Frederic de Mariz

Ch 9 How Can Regulators Foster Inclusion? , pp 159-182

Frederic de Mariz

Ch 10 Finance Without Banks? , pp 183-198

Frederic de Mariz

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