World Bank and IMF address advantages for fintech for the future

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By Youri Kemp
Caribbean News Now associate editor

BALI, Indonesia — At the 2018 annual meetings of the International Monetary Fund and the World Bank Group being held in Bali, Indonesia, from October 11 to 14, for government finance minister and officials, including central bank representatives, fintech (financial technology) apparatus and tools were stressed on the first day of these high-level meetings, as the “The Bali Fintech Agenda: A Blueprint for Successfully Harnessing Fintech’s Opportunities” was unveiled to participants.

Fintech is a new industry that uses technology to improve activities in finance and is supposed to increase the access of financial services to users across different platforms. The use of…

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