November 2022
16Nov

Financial System: Challenges and Opportunities of Digital Transformation in Mexico

By Vanessa Veintimilla Brando & Daniel Miranda Lopez This work aims to understand the implications that financial technology represents for the Mexican financial system. Considering that the adoption of new technologies in the financial system (Fintech) is increasing, a novel and complex context has arisen with diverse implications in various aspects such as education, infrastructure, and the regulatory and supervisory framework needed to ensure a healthy development of the financial system. Although it has been shown that digitization brings...

November 16, 2022
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15Nov

The Nobel laureate, Paul Krugman and other experts will celebrate 25th anniversary of the Mexican pension system at Encuentro Amafore 2022

Encuentro Amafore 2022 will take place at the Citibanamex Center on the 16 and 17 of November, with keynote speeches by the 2008 Nobel Prize in Economics, Paul Krugman; 2004 Pulitzer Prize-winning historian and geopolitical expert Anne Applebaum; the political scientist, writer and professor at Stanford University, Francis Fukuyama; and the Director of Strategic Alliances and Contents of América Móvil, Arturo Elías Ayub. It will also feature keynote addresses by the director of strategic functions at BlackRock, Peter Fisher; Franklin...

November 15, 2022
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September 2022
14Sep

Financial Inclusion report: 2020-2021

By UK Government Financial inclusion and financial capability continue to be priorities for us personally and for our departments. As the UK moves towards its recovery from the COVID-19 pandemic, being “financially included” remains of central importance throughout peoples’ financial lives, from the basic necessity of being able to open your first bank account, to accessing credit, insurance, and the right mortgage products at an affordable price, and when planning for retirement. Over the last year, we announced and delivered significant...

September 14, 2022
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June 2022
30Jun

DC 2.0: Three Paths To More Equitable Retirement Programs

Among C-suite and financial executives at both for-profit and nonprofit organizations, 99% are committed to helping employees save for retirement and 84% believe they have made significant progress toward achieving their organization’s diversity, equity, and inclusion (DEI) goals. That’s according to a December 2021 PNC Survey on institutional social responsibility. Despite these commitments, many employees remain underprepared for retirement. Specifically, low-income workers, women, and people of color tend to have significantly less access to retirement plans, and when these groups...

June 30, 2022
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November 2021
08Nov

India:Govt looks into inclusive system for retirement income

The central government is considering launching a drive to provide retirement benefit cover to nearly 380m people in the uncovered workforce in the country, so as to narrow the gap between higher life expectancy and lack of retirement income support. Inter-ministerial consultations are taking place on how to achieve this goal. “The idea is everyone should be in one of the schemes,” an official told The Financial Express. Currently, around 120m workers, the bulk of whom in the organised sector, enjoy...

November 8, 2021
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October 2021
29Oct

The Long Shadow The Long Shadow of Informality Edited by Challenges and Policies

By Franziska Ohnsorge and Shu Yu In emerging market and developing economies (EMDEs), far too many people and small enterprises operate outside the line of sight of governments—in a zone where little help is available to them in an emergency such as the COVID-19 crisis. This “informal” sector constitutes more than 70 percent of total employment in these countries and roughly one-third of output. Policy makers have long had good reasons to worry about this sector: Its participants are vulnerable even...

October 29, 2021
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July 2021
23Jul

Towards Improved Retirement Savings Outcomes for Women

By OECD Labour market inequalities are well-known to be the main drivers of the gender pension gap. This publication focuses on helping governments find solutions for retirement savings arrangements that do not further exacerbate these inequalities. This study first analyses why the gender pension gap exists and sheds light on some of the behavioural and cultural factors that contribute to these inequalities. Country case studies assess how demographics, labour markets and other factors may affect gaps in pension coverage, assets...

July 23, 2021
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23Jul

The Fintech Gender Gap

By Sharon Chen, Sebastian Doerr, Jon Frost, Leonardo Gambacorta & Hyun Song Shin Fintech promises to spur financial inclusion and close the gender gap in access to financial services. Using novel survey data for 28 countries, this paper finds a large 'fintech gender gap': while 29% of men use fintech products and services, only 21% of women do. The gap is present in almost every country in our sample. Country characteristics and several individual-level controls explain about a third of...

July 23, 2021
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May 2021
26May

How Regulators Use Sex-Disaggregated Data and RegTech to Enhance Financial Inclusion

By Toronto Centre Financial inclusion of women brings disproportionate benefits to their families and to economic development, yet in many countries an access-to-finance gender gap remains. Sex-disaggregated data (SDD) is key to monitoring and addressing this problem. This study examines the role that financial services regulators can play in efforts to address financial inclusion of women: how they are using, or could use, SDD to enhance women’s access to and use of financial products and services of the right quality that...

May 26, 2021
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April 2021
15Apr

Financial Inclusion in Malaysia Distilling Lessons for Other Countries

By World Bank Group The World Bank Group’s current partnership with Malaysia is focused on knowledge-sharing. It is centered on support for Malaysia’s vision to join the ranks of high-income economies by 2020 through inclusive and sustainable growth, and to share its lessons with developing countries. In March 2016, the World Bank Group officially launched its Global Knowledge and Research Hub in Malaysia. The new Hub is the first of its kind, serving both as a field presence in Malaysia and...

April 15, 2021
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