Strategy for Fintech Applications in the Pacific Island Countries

Author: Sonja Davidovic, Ms. Elena Loukoianova, Cormac Sullivan, and Hervé Tourpe

Looks at how some elements of the Bali Fintech Agenda could be used in Pacific island countries, which face significant financial-structural challenges.

Volume/Issue: Volume 2019 Issue 012

Publication date: August 2019

ISBN: 9781498326735

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Topics covered in this book

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Finance , DPPP , DP , private sector , payment system , data protection , Pacific island countries , big data , credit scoring , financial system , business model , transaction costs , due diligence , feasibility study , capital investment , utility payment record , solar-panel-enabled payment device , payment development , payment history , customer data , identity system , Fintech , Financial inclusion , Mobile banking , Pacific Islands , Australia and New Zealand

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Summary

The Bali Fintech Agenda highlights 12 principles for policymakers to consider when formulating their approaches to new financial technology (fintech). The agenda aims to harness the potential of fintech while managing associated risks. This paper looks at how some elements of the Bali Fintech Agenda could be used in Pacific island countries, which face significant financial-structural challenges.