{"id":15755,"date":"2021-02-09T11:47:43","date_gmt":"2021-02-09T11:47:43","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=15755"},"modified":"2021-02-09T11:47:43","modified_gmt":"2021-02-09T11:47:43","slug":"digitization-and-cashlessness-2-financial-market-inevitabilities","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/digitization-and-cashlessness-2-financial-market-inevitabilities\/","title":{"rendered":"Digitization and Cashlessness: 2 Financial Market Inevitabilities"},"content":{"rendered":"<p>While market dynamics and financial infrastructure vary greatly by country and region, it is clear that changes across financial markets have 2 commonalities: digitization and cashlessness. Both of these inevitabilities are welcomed by most as ways to bank the unbanked, give greater opportunities for businesses, increase cross-border trade and improve government oversight. But what are the main driving influences on this journey to grow our financial ecosystems? The answer: the integration and standardization of financial infrastructures as well as the advancement (in terms of availability and popularity) of new digital services such as QR code-based digital payments. This growth has put us on a path toward unified and integrated financial offerings that are available to all on a countrywide, regionwide and even worldwide level.<\/p>\n<p>To discover more about this journey toward digitization and cashlessness, check out this <a href=\"https:\/\/www.finextra.com\/finextra-downloads\/research\/documents\/178\/what-will-drive-the-journey-towards-cashlessness-and-digitalisation.pdf\">white paper<\/a> published by Finextra, in association with HPS.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-15755 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='A Quick Look at Big Tech Lending to SMEs'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/a-quick-look-at-big-tech-lending-to-smes\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2022\/09\/ad9c7b4b-f6a0-4c15-4199-0e3f27e139901-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16831\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16831'>\n\t\t\t\tA Quick Look at Big Tech Lending to SMEs\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Singapore\u2019s FinTech dreams hit a labor shortage wall'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/singapore-s-fintech-dreams-hit-a-labor-shortage-wall\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/03\/singapore-s-fintech-dreams-hit-a-labor-shortage-wall-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12506\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12506'>\n\t\t\t\tSingapore\u2019s FinTech dreams hit a labor shortage wall\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Credit scoring using Big Data'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/credit-scoring-using-big-data\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Credit-scoring-using-Big-Data-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-7037\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Credit-scoring-using-Big-Data-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Credit-scoring-using-Big-Data-100x100.jpg 100w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-7037'>\n\t\t\t\tCredit scoring using Big Data\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>While market dynamics and financial infrastructure vary greatly by country and region, it is clear that changes across financial markets have 2 commonalities: digitization and cashlessness. Both of these inevitabilities are welcomed by most as ways to bank the unbanked, give greater opportunities for businesses, increase cross-border trade and improve government oversight. But what are &hellip;<\/p>\n","protected":false},"author":12,"featured_media":15756,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15755"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=15755"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15755\/revisions"}],"predecessor-version":[{"id":15758,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15755\/revisions\/15758"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/15756"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=15755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=15755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=15755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}