Finance, Competitiveness, and Innovation Global Practice, World Bank Financial Institutions Group, International Finance Corporation Fintech and the Digital Transformation of Financial Services: Implications for Market Structure and Public Policy Fintech and the Future of Finance Flagship Technical Note Fintech and the Digital Transformation of Financial Services: Implications for Market Structure. [...] Competition in digital payments: the case of Kenya 35 Authors and Contributors This technical note is part of a series of technical notes developed for the “Fintech and the Future of Finance” report, a joint effort by the World Bank and the International Financial Corporation (IFC). [...] Exchanges and brokers address the search and transaction costs of individual issuers and investors, reducing information asymmetries through listing requirements and publishing prices, and providing infrastructure and 5 Fintech and the Digital Transformation of Financial Services: Implications for Market Structure and Public Policy services to match and enable transactions between buyers and selle. [...] Even after the advent of digital payment systems and the dematerialization of securities, connectivity remained a barrier to entry—an institution typically had to be licensed and part of the consortium of banks or brokerage houses to participate in a transactional network. [...] These businesses leverage the connectivity of individuals and businesses, and the ability to quickly and easily collaborate, discover counterparties, and package and deliver a range of digital and physical goods and services.
- Pages
- 58
- Published in
- Canada
