March 2019

Robo-Advisors: Investing Through Machines

By Facundo Abraham (World Bank), Sergio L. Schmukler (World Bank - Development Research Group (DECRG)), José Tessada (Business School, Pontificia Universidad Católica) Investing through online automated platforms, known as robo-advisors, is increasingly popular. Robo-advisors expand access to wealth management services by making it easier and less costly to open investments accounts and receive financial advice, as well as plan and automate investment decisions. However, the rise of robo-advisors requires consumers to understand the limitations of these services and to get...

Enhancing the Sustainability of Indian Pension Disbursal-System by Employing Digital Technology

By Vijay Kumar Gupta (Government of India) India is a welfare state progressing well economically. If this progress is to continue without social upheavals, a sustainable social security system is mandatory. Pensions, and pension reforms, are an essential part of any social security system. This paper argues that it is imperative to reform the existing provident and pension fund entities. We also need better systems for administration and delivery of old age assistance. The major areas which the reforms should...

Impact of the digitalisation of financial services on supervisory practices in the private pension sector case study: Mexico

By the National Commission of the Retirement Savings System (CONSAR) I. Context of the Retirement Savings System (SAR) 1. Mexico introduced a new mandatory DC system of individual accounts in 1997 for private-sector workers (IMSS) and in 2007 for public-sector workers (ISSSTE)1 , both of which replaced old DB systems that had been in place since the 1940s and 1950s. 2. The new system has been relatively successful in creating a big pool of pension savings, as well as...

January 2019

Learning about Careers: Open data and Labour Market Intelligence

By Graham Attwell & Deirdre Hughes Decisions about learning and work have to be placed in a particular spatial, labour market and socio-cultural context – individuals are taking decisions within particular ‘opportunity structures’ and their decisions and aspirations are further framed by their understanding of such structures. This article examines ways in which learning about careers using open data and labour market intelligence can be applied. An illustrative case study of the LMI for All ...

Fintech: Latin America 2018: Growth and Consolidation

By Inter-American Development Bank (IDB); BID Invest; FinnovistaThis report is the second edition of the study “Fintech: Innovations You May Not Know were from Latin America and the Caribbean” (IDB, 2017), which offered a comprehensive view of the activity in and development of the Fintech industry in the region. The report describes the evolution and the progress achieved with respect to the measurement and analysis carried out in 2017, and examines new dimensions relevant to the ecosystem. The first...

November 2018

Fintech for Financial Inclusion: A Framework for Digital Financial Transformation

By Douglas W. Arner (The University of Hong Kong - Faculty of Law), Ross P. Buckley (University of New South Wales (UNSW) - Faculty of Law), Dirk A. Zetzsche (Universite du Luxembourg - Faculty of Law, Economics and Finance; Heinrich Heine University Dusseldorf - Center for Business & Corporate Law (CBC)) Access to finance, financial inclusion and financial sector development have long been major policy objectives. A series of initiatives have aimed to increase access to finance and financial inclusion,...

September 2018

The future of regulation: Principles for regulating emerging technologies

By William D. Eggers, Mike Turley , Pankaj Kishnani Sweeping technological advancements are creating a sea change in today’s regulatory environment, posing significant challenges for regulators who strive to maintain a balance between fostering innovation, protecting consumers, and addressing the potential unintended consequences of disruption. Emerging technologies such as artificial intelligence (AI), machine learning, big data analytics, distributed ledger technology, and the Internet of Things (IoT) are creating new ways for consumers to interact—and disrupting traditional business models. It’s an era...

August 2018

The Economics of Artificial Intelligence: An Agenda

By Ajay Agrawal, Joshua Gans, and Avi Goldfarb Artificial intelligence (AI) technologies have advanced rapidly over the last several years. As the technology continues to improve, it may have a substantial impact on the economy with respect to productivity, growth, inequality, market power, innovation, and employment. In 2016, the White House put out several reports emphasizing this potential impact. Despite its importance, there is little economics research on the topic. The research that exists is derived from past technologies (such...

Thought-Leading Fintech Session Predicts The Future Is Chat-Bots

It’s not often that thought-leaders gather around a table, but that’s exactly what the University of Essex and insurance industry disrupters Hood Group set out to do. Just last month they pulled together industry leaders to talk about cyber security, how we analyse our data and waves in artificial intelligence. And although top-name specialists from Microsoft, Filament, Profusion, and Signal Media attended, the real buzzword of the day was ‘chat-bot’ as they discussed the implications these handy automated new teams...

July 2018

Artificial Intelligence In Healthcare

By Dr. Parag Mahajan Md Do you want to know the relationship between Artificial Intelligence (AI) & healthcare, & how AI is improving healthcare? Technology is evolving rapidly, & you need to keep up to stay at the top. Artificial Intelligence (AI) is revolutionizing all aspects of healthcare & this book is intended to be your companion on this journey. It’s a power-packed AI book that guides you about the current state and future applications of AI in healthcare, including those under development,...