Discover and read the best of Twitter Threads about #digitalfinance

Most recents (5)

In June, @WorldBank published their #GlobalFindex Report '21.

The report highlights the need for strong #consumerprotection frameworks to ensure equitable access to #DigitalFinance.

🧵Our key takeaways:
Digital banking is on the rise globally.

▶️76% have an account with a bank or mobile money provider, up from 51% a decade ago

▶️In developing countries, this % rose from 42% to 71%

▶️ For the 1st time the gender gap between women and men who hold accounts has narrowed to 4%.
#InclusiveFinance is critical to meeting the SDGs.

▶️ Digitalisation increases transparency & reduces corruption

▶️ It increases women's financial independence and empowerment

▶️Households are better able to withstand financial shocks and prepare for emergencies.
Read 7 tweets
The only constant in life is change.

But how do we master this change

without being mastered by the fear of change?

Change consists of 4 phases.

Find out which phase you are currently in

and how that helps you to overcome your fear.🧵👇
Why are so many people afraid of change or even trying to avoid it?
Because fear and persisting in the status quo serve a function:

• Protection from unpleasant feelings and disappointment.
• Staying in the comfort zone where we are (supposedly) safe.
• Exercising control in situations we are familiar with.
Read 18 tweets
Small print. #DigitalID is to make #Ontario "one of the world’s most digitally advanced jurisdictions". $20 billion opportunity based on data from from various sources, including #DIACC (Digital ID & Authentication Council of Canada), McKinsey & WEF.

#Canada #Ford #Trudeau
Initiated in 2012, "DIACC members work in partnership w/ the Govt of #Canada." "In October 2020, the govt Ont. revealed 'Ontario Onwards: Ontario's COVID-19 Action Plan for a People-Focused Govt'. The very first item on the action plan revolves around the creation of #digitalID."
April 20, 2020: Thank you, PM Justin #Trudeau & Minister Chrystia #Freeland... We are encouraged by your decision to recognize #digitalID as an enabler of our economic growth... At the core of this [digital] infrastructure is a secure #digital identity,"

WE DO NOT CONSENT.
Read 8 tweets
Financial development in China is ushering in a historical period of opportunities, said Fan Yifei, Deputy Governor of the PBOC, at the 2nd Bund Summit: 1/8

cf40.com/en/news_detail…

He explained in the following 4 perspectives:
1. Dual circulation calls for high-quality financial development. The key to a smooth domestic economic cycle is a smooth supply-demand circulation and the release of internal forces. 2/8
The financial industry needs thorough digitization and independent innovation, with technologies driving qualitative growth, so as to help enterprises, particularly #SMEs, better connect to the domestic economic cycle. 3/8
Read 8 tweets

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