Dr. Ratna Sahay describes the recent IMF global study, including quantitative analysis, interviews with 70 stakeholders and depicts recent developments in digital financial inclusion, the driving factors and risks to inclusion as fintech accelerates.
Technology is changing the landscape of the financial sector. During the COVID-19 pandemic, new opportunities have arisen for digital financial services to accelerate and enhance financial inclusion. This presentation will focus on a new global study by International Monetary Fund staff that documents recent developments in digital financial inclusion, the factors driving these trends, and the risks to financial inclusion as fintech accelerates. Quantitative analysis is supplemented with insights gained from interviews with 70 stakeholders around the world—fintech companies, central banks, regulatory bodies, and banks.