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Data Sharing in Credit Markets Publication Cover
The present study, presented in Brussels, analyses whether sharing more comprehensive data improves the functioning of credit markets in European countries. Assuming that mechanisms to share data do exist, does a higher comprehensiveness in the data collected matter for credit markets? The study answers this by firstly analysing whether higher...
Credit Reporting Knowledge Guide 2019
Access to finance is an essential component of economic development and job creation. A host of studies have shown a positive correlation between financial development and economic growth. Access to finance is also critical for larger corporations and conglomerates, which, given their size, performance, and assets, typically meet funding...
Disruptive Technologies in the Credit Information Sharing Industry : Developments and Implications
This note analyzes the evolution of Credit Information Systems, including the emergence of new technologies that use alternative data in credit decisioning and the opportunities and risks associated with these trends. This paper also predicts the potential development effect of these disruptive technologies and proposes a role for the World Bank...
Disruptive Technologies in the Credit Information Sharing Industry: Developments and Implications
This note analyzes the evolution of CISs, including the emergence of new technologies that use alternative data in credit decisioning and the opportunities and risks associated with these trends. This paper also predicts the potential development effect of these disruptive technologies and proposes a role for the World Bank Group in leveraging...
Acquisition and Engagement Strategies to Reach Women with Digital Financial Services
Since 2014, in order to better serve low-income women in Sub-Saharan Africa with financial products, Women’s World Banking and Financial Sector Deepening Africa (FSDA), an initiative funded by the U.K.’s Department for International Development (DFID), have partnered to build the capacity of leading financial institutions in Nigeria, Tanzania and...
Blockchain Fintech Confidential
The National Crowdfunding and Fintech Association of Canada (NCFA) and TODA Network have presented an inaugural pop-up digital magazine called "Blockchain Fintech Confidential." The magazine features the five missing necessities to move blockchain from .02 percent global penetration to the remaining 99.8 percent; Amazon, Alibaba, Walmart and...
Report: Digital Technologies for Mobilizing Sustainable Finance
Financing sustainable development and ensuring a resilient financial system are key current global challenges. However, a number of barriers limit the mobilization of such finance at scale. For example, the lack of disclosure of environmental and social information creates information asymmetries and increases search costs for sustainable...
Use of Alternative Data to Enhance Credit Reporting to Enable Access to Digital Financial Services by
Lack of credit data is one of the major obstacles to individuals and MSMEs financing in developing countries. Despite the insufficient credit data, MSMEs and individuals generate vast amounts of non-credit digitized data daily. MSMEs and individuals are leaving vast digital footprints and data trails on mobile and online payments platforms, social...
White Paper: Fostering Markets for SME Finance
In this study, the OECD Working Party on SMEs and Entrepreneurs (WPSMEE) examined a variety of barriers on the supply and demand side of finance markets that limit SMEs uptake of alternative financial instruments. The study also covers trends in policy measures to support the development of alternative finance instruments for SMEs. According the...
The Bank of the Future: The ABCs of Digital Disruption in Finance
The question for banks today is how do they become Digital Banking Superstars versus going the way of the dinosaurs. The future of finance is an ever increasingly converged ecosystem where consumer and small and medium enterprise (SME) financial services are provided by banks and by platform companies with roots in e-commerce and social media. For...