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Electronic Finance - A New Approach to Financial Sector Development? (Paperback)
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Electronic Finance - A New Approach to Financial Sector Development? (Paperback)
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In recent years, the delivery of financial services has changed
consistent with technological advances that have occurred. On-line
banking, on-line trading and brokerage services, and capital
markets are available and utilized in varying degrees in the
industrialized nations of the world. Beyond the availability of
services on-line, E-Finance is redefining the cost and competitive
structure of financial services. This convergence of technology and
financial services provides opportunities for emerging markets to
leapfrog in the development and delivery of financial services.
This paper identifies issues arising from the spread of E-Finance
including the readiness of telecommunications infrastructure,
public policy and regulatory requirements, and financial sector
development approaches. It hopes to stimulate dialogue on the role
E-Finance can play in supporting the World Bank's overall mission.
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