Tag Archives | finch
Finance, Information and Communications Technology

Blockchain pilots making waves in developing Asia

Blockchain pilots making waves in developing Asia
We’ve all heard the buzz about the potential applications of blockchain technology. But what’s actually happening in developing countries in Asia and the Pacific? Beyond bitcoin payments and remittances, blockchain exists largely in the pilot stage. Governments and banks are collaborating with technology firms to see if it can be used to solve persistent problems like traceability, identification, and trust. Read more.

Information and Communications Technology, Trade

Digital trade needs more coordination, leadership

Digital trade needs more coordination, leadership
Electronic documentation in trade has made impressive recent gains in Asia and the Pacific. Up to 38% of banks in the region report progress in digitizing their operations in 2015, and more than a third of countries had partially or fully implemented electronic customs systems by the end of last year. Read more.

Finance

Fintech is the game-changer for financial inclusion in Asia

Fintech is the game-changer for financial inclusion in Asia
Due to innovations in financial technology and changes in the enabling environment, the number of financially excluded adults across Asia and the Pacific has dropped to about 1 billion. Increased access to affordable financial services can be a lever for Asians to smoothen consumption, manage risk and improve their lives through better savings options, access to credit, and cheaper payments or remittances. Read more.