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Strategy for Fintech Applications in the Pacific Island Countries

Elena Loukoianova (), Hervé Tourpe, Cormac Sullivan and Sonja Davidovic

No 2019/012, IMF Departmental Papers / Policy Papers from International Monetary Fund

Abstract: The Bali Fintech Agenda highlights 12 principles for policymakers to consider when formulating their approaches to new financial technology (fintech). The agenda aims to harness the potential of fintech while managing associated risks. This paper looks at how some elements of the Bali Fintech Agenda could be used in Pacific island countries, which face significant financial-structural challenges.

Keywords: DPPP; DP; private sector; payment system; data protection; Pacific island countries; big data; credit scoring; financial system; business model; transaction costs; due diligence; feasibility study; capital investment; utility payment record; solar-panel-enabled payment device; payment development; payment history; customer data; identity system; Fintech; Financial inclusion; Mobile banking; Pacific Islands; Australia and New Zealand (search for similar items in EconPapers)
Pages: 66
Date: 2019-08-22
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Handle: RePEc:imf:imfdps:2019/012