RE: Moon trip25 Nov 2022 09:18
From the FT and of course this sector is exactly where Tintra is operating
Financial Regulators Prioritising Fintechs to aid Financial Inclusion
by Tom Bleach November 25, 2022
Financial regulators have recognised the role that fintech initiatives have in promoting financial inclusion as economies recover from the COVID-19 crisis. The news comes from a survey by The Cambridge Centre for Alternative Finance (CCAF) and the World Bank.
The CCAF ‘Global Fintech Regulator Survey‘ highlights how the COVID-19 pandemic continues to be highly influential for financial authorities prioritising fintech business models. The trend was particularly found in Emerging Markets and Developing Economies (EMDEs).
Fifty-six per cent of survey respondents from EMDEs currently increasing the priority of fintechs. This is much higher than in more advanced economies, in which 35 per cent are prioritising fintechs.
The area that most valued fintechs for this purpose was in Sub-Saharan Africa, where 75 per cent of respondents noted an increase in fintech prioritisation.