Financial inclusion is an important enabler for the United Nations’ 2030 sustainable development goals. Along with the introduction of financial technology and democratisation of financial services, financial inclusion helps reduce costs for citizens and fosters the development of innovative services.
Cloud-based services can enhance financial inclusion and the accessibility of digital financial products. As regulatory institutions and central banks attain a better understanding of cloud platforms and implement appropriate safeguards, the benefits of cloud to financial inclusion will only increase. This report highlights the main areas in which digital financial services can improve financial inclusion policy goals in Asia Pacific, the role of cloud architecture in financial inclusion and what regulators and policy-makers must consider to overcome cloud adoption challenges.
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Find the presentation of key findings here.
Download the report here: https://www.omfif.org/cloud2020/
This virtual discussion is part of the OMFIF Digital Monetary Institute. OMFIF, the global central banking think tank, proudly announces the launch of the OMFIF Digital Monetary Institute on 5 May. The OMFIF Digital Monetary Institute creates a high-level college which convenes key policy-makers, technologists, financiers and regulators to explore the challenges, opportunities and implications of digital finance in the 2020s. See more information on OMFIF’s DMI here.
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