Financial technology is a powerful tool in financial infrastructure, used to strengthen and smooth the delivery of financial services into the broader space. Financial technology involves software, applications, and other technologies designed to improve and automate traditional forms of...

Part I: Introduction -- Chapter 1: Introduction to Digital Financial Inclusion: Revisiting Poverty Theories in The Context of The Fourth Industrial Revolution -- Chapter 2: The Fourth Industrial Revolution: An Introduction to its Main Elements -- Chapter 3: Financial Inclusion and the Fourth...

We ask whether machine learning algorithms improve the efficiency of screening of the loan officers, and thereby help expand access to formal credit. We obtain loan application level data from an Indian bank. To overcome the selective labels problem, we exploit the incentive driven within...

In this study, we analyze the effect of financial technology (FinTech) on a country’s ability to achieve the Sustainable Development Goals (SDGs) that relate to ameliorating extreme poverty by 2030. The study aims at analyzing the dynamic asymmetric relationship between FinTech adoption and...

We examine the impact of transaction failures on the working of a biometric-enabled payment system introduced in India to facilitate banking by the poor. On average, nearly one-third of transactions fail. However, the proportion of failures decline steeply with user experience. The usage of the...