This research provides strategic insights into the state of SME banking and its fintech future—as well as actions to take moving forward.

Journal of Financial Economics, 163 (2025) 103957. doi:10.1016/j.jfineco.2024.103957

The 2023 Trade Finance Gaps, Growth, and Jobs Survey indicates that the global trade finance gap reached $2.5 trillion in 2022, impacting economic growth and development.

Tokens; Commercial Law; Securities Law; Fintech; Consumer Protection

Fintech

This guide summarizes the operational directions and range of Asian Development Bank (ADB) support for the finance sectors in developing member countries (DMCs).

This paper discusses concentration in consumer credit markets with a focus on fintech lenders and residential mortgages. We present evidence that shows that concentration among fintech lenders is significantly higher than that for bank lenders and other nonbank lenders. The data also show that the overall concentration in mortgage lending has declined between 2011 and 2019, driven mostly by a reduction in concentration among bank lenders. We present a simple model to show that changes in lender financial technology (interpreted as improvements in quality of loan services) explain more than 50 percent of the increase in fintech market shares and 43 percent of the increase in fintech concentration. This change in concentration in the fintech industry may have important implications for regulatory policy and financial stability.

Highlighting how the rapid growth of financial technology (fintech) is driving new products, slashing transaction costs, and boosting inclusion, this brief shows the need for fresh approaches to tackle increased risks and protect consumers.

This publication explores the potential for central bank digital currencies to help promote financial inclusion.

Crypto currencies

financial technology; fintech; public financial management; payments; budget systems; financial management information system

This publication explores how digitalization is shaking up the finance industry in ASEAN+3 economies, outlines risks and opportunities, and suggests ways of protecting regional financial stability.