The emergence of Fintech has significantly boosted financial inclusion in the country. Powered by cutting-edge technology and seamless digital experiences, financial services can be easily accessed anytime, anywhere by simply using a smartphone. One of the products that are gaining popularity with individuals is the fully digital personal loan. More than 70% of official credit
In a rapidly changing business landscape, organizations need faster innovation and deployment cycles to meet customer needs and improve customer experience, resulting in good customer retention. than. When it comes to financial institutions, data security and transparent implementation are key to digitizing processes. Driving innovation by implementing the right automation solutions, financial institutions can increase
Depending on how much debt you have, 2023 could be the year you write off or significantly reduce those financial obligations. Either way, you can end the year on a stronger financial footing. No trick will do the job on its own, but organizing ideas can reduce debt dramatically. 1. Review your monthly budget Go
What is Finance & Development? F&D is the most-read magazine of the IMF. It focuses on issues related to macroeconomics, development and finance. It is editorially independent and has been authored both within and outside the Foundation. Articles are published online throughout the year, and a subset of articles appear in our quarterly print edition
17 - 19 March 2023 Berlin, Germany
17 – 19 March 2023 Berlin, Germany Finance conferences 2023 will be back this year at Berlin-Germany from 17th to 19th March 2023. The world’s academic Finance community looks to the MEACONF Finance Conference 2023 for cutting-edge presentations, networking sessions, and publication opportunities. Read More
Finance is the central principle of business and the pillar on which any successful business is built. After all, the goal of capitalism is to create organizations that not only do something useful but ultimately monetize their plans and deliver shareholder value. Many economic ideas exist to help businesses start, grow, measure themselves, and manage
The future of finance could be better if it was accessible to the majority of society. Broad-based financial inclusion is the enabler of Sustainable Development Goals, and achieving that goal is of paramount importance today. Digitization spans the globe across different industries and verticals. The financial sector is no exception. We are rapidly moving towards
Positive news, yes? Actually, no. The percentage of after-tax income that consumers save personally is known as the personal savings rate. The increment’s 1% increase is an issue. Among 100 people, none spend. Because they may only purchase in certain quantities, they “save.” Their after-tax income that hasn’t been spent rises along with their income.
Companies in the financial sector can leverage artificial intelligence to analyze and manage data from multiple sources to provide valuable insights. These innovative results help banks overcome the challenges they face on a daily basis while providing day-to-day services such as loan management or payment processing. Let’s now look at some AI-driven FinTech innovation use
In today’s tough economic climate, it is certain that clients are looking for ways to minimize their costs whenever possible in the face of the increasing cost of living. Banks have a key role to play in supporting consumers and especially the most vulnerable who are struggling to pay for basic necessities like rent, energy
Financial institutions and entrepreneurs have a complicated historical relationship. Entrepreneurs need the means to finance their businesses and stay afloat, which means they rely on banks for everything from business loans to checking accounts. And banks need entrepreneurs too. Without small businesses driving the economy, there’s not many banks can do. This (sometimes reluctant) codependency
The Matic coin, an alternative cryptocurrency based on Ethereum, authorises the Polygon network (initially called the Matic network). It aims to provide a long-term scaling solution to issues like high transaction costs and slow speeds. The rising volume of transactions on the Ethereum blockchain has placed a significant stress on the network, causing decreased performance
