East Asia and Pacific

A report from Kapronasia examines how banks and financial institutions are reacting to growing financial challenges. Problem areas for financial institutions include, third party non-bank financials threatening traditional banks and institutions, trade tensions between the U.S. and China and the U.S. and Canada, interest rates and regulations. 

Key findings in the report included: 

IFC, a member of the World Bank Group helps regulators to tackle challenges faced by them and promote financial inclusion says, Rachel Freeman from IFC and the World Bank Group. She shares the challenges faced by regulators and whether fintechs need sandboxes to grow. View her insights on these topics in this video during the Money 20/20 event, and also find out what IFC is doing to strengthen fintechs and banks.
 

In the fourth episode of our series on financial technology, we sat down with Anju Patwardhan, a Fulbright Fellow researching fintech at Stanford University who previously served as the Chief Innovation Officer for Standard Chartered Bank, one of the world’s largest and most international banks. Anju is currently researching the potential for financial technology to increase financial inclusion, particularly for small businesses, at Stanford University. She also serves as a Venture Partner for the Fintech Investment Fund of Creditease, one of China’s largest fintech firms.