Are you a finance leader looking to get on track with digitisation?
By Partner Content on 15/03/2019
With insight from over 650 global finance leaders, this report examines the top priorities for financial transformation and provides a valuable road map for successfully redefining the finance function.
Download the report now.
About Partner Content
This content is brought to you by a Global Government Forum, Knowledge Partner.
Related Posts
As governments worldwide put increasing focus on encouraging fintech, which measures can - and should - be used to track and measure growth? One example of an index is the Arab Monetary Fund’s ‘Index of Modern Financial Technologies in the Arab Countries’, launched in 2021 to ‘shed light on developments in financial technology and digital financial services’.
The European Banking Authority (EBA) in June 2021 issued recommendations to support ‘sound adoption and scale-up’ of the use of RegTech – the use of technology to improve regulatory compliance. The Hong Kong Monetary Authority (HKMA), meanwhile wants to make Hong Kong a ‘leading hub’ for RegTech while the City of London Corporation (the municipal authority for London’s Square Mile) in April called for ‘urgent action’ to encourage greater use of RegTech. What are the obstacles to RegTech use? What can be done to overcome them?
With the vast majority of central banks stepping up their explorations or experiments with digital money, we explore that central bank digital currencies could provide to governments. These could include boosting financial inclusion and programmability (programmable money). What are the biggest potential benefits to government of retail CBDCs? How important are technology choices to realising these benefits?
Women in developing economies are typically less likely than men to have a bank account. As an example, Pakistan’s national payments strategy has highlighted that, as of 2019, only 21.3 per cent of adults in the country have a transaction account and, of these, only seven per cent are held by women. The World Bank and Bill & Melinda Gates Foundation, as well as the Global Call to Action Against Poverty (GCAP) network and New York City-headquartered NGO Women’s World Banking, published a report in 2020 – ‘Digital Cash Transfers in the Time of Covid-19: Opportunities and Considerations for Women’s Inclusion and Empowerment’ – setting out considerations for policymakers. How can fintech solutions help?