Tag: ADB

Fintech can drive a strong post-COVID-19 recovery in Asia
Banking and Insurance, Economy

Fintech can drive a strong post-COVID-19 recovery in Asia

By Bambang Susantono The pandemic has highlighted the power of digital technology. Now is the time to harness this power for inclusive growth so that communities, especially in poor and remote areas, can survive the crisis and thrive. o say 2020 has been a challenging year is a massive understatement. The COVID-19 pandemic has quickly undermined development gains from recent decades and slowed growth in many Asian economies. Yet, every crisis presents opportunities. One is the rapid advance in digital technology, which offers a way to recoup some of these gains and spur a strong economic revival once the pandemic has passed. As we all know, the pandemic has accelerated the use of digital technology. Many of us have become adept at online video conferencing and other digital to...