Weekly Research Highlights – 22 March 2022

For this week’s research article, we dive into new insights on fintech market, banking, insurance, payments, trends, diversity in fintech and more. Happy reading!

Bank of Canada and MIT kick off central bank digital currency research project (Fintech Futures)
The Bank of Canada and the Massachusetts Institute of Technology (MIT) have announced an agreement to collaborate on a twelve-month research project focusing on central bank digital currency (CBDC). The central bank will work with the MIT Media Lab’s Digital Currency Initiative (DCI) team to explore how advanced technologies could affect the potential design of a CBDC, building on the DCI’s ongoing research. The project is intended to inform the Bank of Canada’s research effort into CBDCs and forms part of the bank’s wider research and development agenda on digital currencies and fintech. It will focus on exploring and experimenting with potential technology approaches to determine how a CBDC could work. Read more.

Pandemic strengthens sustainability and ESG focus in Islamic finance, research shows (Asian Investor)
The Halal economy is starting to focus on ESG and sustainability issues and regtech and fintech is helping drive the changes, a new study shows. Islamic Finance is set to drive a growing focus on ESG and sustainability in the wider Halal economy, new research with leading Islamic finance professionals shows. Up to 88% of Islamic Finance professionals believe the growing focus on ESG and sustainability in their industry will mean the wider Halal economy will need to address ESG and sustainability more seriously. Read more.

Islamic fintech needs conducive ecosystem for exponential growth (The Malaysian Reserve)
A recent research conducted by Maybank Islamic and in February 2022 among leading Islamic finance professionals revealed that nearly 90% of respondents indicated fintech has already accelerated the digitisation of Islamic finance products. The research also revealed that fintech has made them more accessible globally while redefining client experiences. THE global Islamic fintech market needs a conducive ecosystem in order to achieve exponential growth potential. Read more.

Book Launch of Global Digital Banking Research Report 2022 (PR Newswire)
A book launch of the “Global Digital Banking Research Report 2022”, edited by Haitou Global and published by China Financial and Economical Publishing House, recently took place in Beijing. A number of industry experts and media professionals, including Dr. Chenyang Wei, Vice President of the Institute for FinTech Research at Tsinghua University, Dongmin Yu, Financial Branch President of the China Financial and Economical Publishing House, and Jerry Wang, CEO of Haitou Global, participated in the forum to discuss digital banking under the wave of financial technology. Read more.

‘Good times to attract capital’ into LatAm’s fintech sector, say experts (Bnamericas)
The pandemic gave a boost to Latin America’s fintech ecosystem as companies scrambled to transform digitally and consumers sought ways to conduct transactions remotely. Supporting growth were the likes of US venture capital funds looking to deploy cash. Latin America’s fintech market holds much potential as the region is home to legions of unbanked or underbanked consumers armed with smartphones.  To discuss this and more, BNamericas interviewed Latin America-based academics and authors Bernardo Bátiz-Lazo and Ignacio Gónzalez-Correa, via email. Read more.


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