New ADB blog has been recently published on Fintech.
"Fintech – the fusion of finance and technology – could be a game-changer for inclusive economic growth amidst the pandemic.
Financial technology (fintech), or the fusion of finance and technology, has emerged as a new model for financial innovation. Fintech covers a constellation of complementary technologies—including mobile networks, big data, cloud computing, distributed ledger technology, artificial intelligence (AI), and data analytics—that jointly shape a broad swathe of operations in the financial industry.
The past few years have witnessed the rapid growth of investment in fintech. It has already left its imprint on a wide array of financial services, including microfinance, blockchain, payments, personal finance, digital banking, insurance, wealth management, capital markets, money transfers, and mortgages."
Click here to read the full blog.
Photo: Ravi Sharma