This study explores the complementarity between credit booms and episodes of rapid expansion of the borrower base and finds that the confluence of both helps to predict future financial distress.

This paper discusses the imperative for financial supervisory authorities to enhance their toolkit through the adoption of Artificial Intelligence in response to the growing digitalization of financial services.

The publication examines whether interoperability can balance the benefits of network effects with market choice in digital payments, using evidence from India’s Unified Payments Interface.

This paper finds that using digital financial services in China helps reduce income inequality within provinces—especially benefiting lower-income, rural, female-headed, and less-educated households—but does not significantly narrow income gaps between provinces.

Open finance frameworks have the potential to increase innovation, boost competition, empower customers, and deepen financial inclusion. However, they also introduce new risks that necessitate careful design and robust safeguards. As more countries explore or implement these frameworks, this research offer key considerations for designing effective and inclusive open finance frameworks.

This study analyzes the impact of financial inclusion on various bank risk dimensions, including systemic risk, which has been underexplored. 

This paper uses a comprehensive dataset to investigate the relationship between fintech and financial inclusion in a panel of 84 countries over the period 2012–2020 and obtain empirical insights.

This publication develops a model which incorporates the impact of financial inclusion to study the implications of introducing a retail central bank digital currency (CBDC).

This paper examines two research questions. First, does fintech improve digital financial inclusion? Second, are there segments of society that are not included because they do not have the capacity and means to adopt fintech – such as women, the poor and people living in rural areas?

This paper analyzes how governments can leverage rapid expansion of fintech activities to drive financial inclusion in the region.