Emerging ideas for fintech applications in public finance

Majid Bazarbash, Naomi Nakaguchi Griffin, Gerardo Una and Alok Verma

Chapter 3 in Research Handbook on Public Financial Management, 2023, pp 31-56 from Edward Elgar Publishing

Abstract: Financial technology (fintech) is the innovative technology-driven provision of financial services that creates new opportunities to enhance the efficiency of delivering financial services and increasing access to financial services. This chapter studies how public finance, more specifically public financial management (PFM), could benefit from prudently incorporating fintech applications in the public sector. To set the stage, the authors first describe the ideas behind key private sector developments in fintech payments, credit, and investment. Next, they explore how fintech could be applied to improve treasury payments, revenue collections, public debt management, and public investment. Examples of early fintech applications in different countries are provided. Finally, the chapter discusses some of the benefits of fintech applications for strengthening fiscal transparency, enhancing macro-fiscal forecasting, improving budget planning and executions, and upgrading cash management. This chapter is one of the first attempts to systematically analyze the relationship between fintech applications and PFM processes.

Keywords: Business and Management; Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781800379718.00012 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:20388_3

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().