Fintech, Inclusive Growth and Cyber Risks: Focus on the MENAP and CCA Regions

Abstract

Financial technology (fintech) is emerging as an innovative way to achieve financial inclusion and the broader objective of inclusive growth. Thus far, fintech in the MENAP and CCA remains below potential with limited impact on financial inclusion. This paper reviews the fintech landscape in the MENAP and CCA regions, identifies the constraints to the growth of fintech and its contribution to inclusive growth and considers policy options to unlock the potential.

Keywords: Inclusive growth, Information technology, Financial stability, Financial inclusion, Risk management, Middle East, North Africa, Fintech, Cyber Risks, Financial Stability, Inclusive Growth and Financial Inclusion, Inclusive Growth and Cyber Risks: A Focus on the MENAP and CCA Regions

JEL Classification: E20, G20, N20