Impact of new technologies on financial inclusion

Esther Barruetabeña

Economic Bulletin, 2020, issue 1/2020, No 05

Abstract: Advances in new technologies give millions of people who experience financial exclusion globally the opportunity to access and use financial services. This article describes the main benefits of financial innovation, particularly in emerging economies. It also identifies the main challenges associated with financial innovation, including the potential effects of digitalisation on financial exclusion, and possible ways to address these.

Keywords: digitalisation; mobile money; bigtech; big data; artificial intelligence; digital identification; financial education (search for similar items in EconPapers)
JEL-codes: O17 O33 (search for similar items in EconPapers)
Date: 2020
Note: Analytical Articles
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