Kazakhstan's banking sector has seen extensive state support, leading to increased fiscal costs and a growing dependency on public funds, with key performance metrics showing a decline. To address these challenges, rules governing state support to commercial banks need to be clarified and banking regulations tightened.
Gamification and nudges are emerging as powerful tools to engage customers, foster sustainable financial behaviors, and promote social development.
Charting a path to economic prosperity that also addresses climate change relies on increasing investment in developing countries. So why are development finance institutions not doing more, and how can they manage the trade-offs they face?
The insurance sector can be a game-changer by managing risks from climate change in Asia and the Pacific, protecting ecosystems, and supporting the shift towards a sustainable future.
Retail bonds provide stability, attract individual investors, and support financial literacy in Asia's growing bond market.
Climate change is hitting Asia and the Pacific hard, with many countries ill-prepared for the crisis. Yet, financial institutions stand poised to make a difference if they promote sustainable practices and receive the right support.
The Internet of Things—a rapidly growing network of connected devices—can help bring financial services to those most in need.
By removing obstacles to getting insurance, insurtech can bring more people into the financial system, accelerating social and economic development.
Persistent, high levels of nonperforming loans could undermine bank lending and economic recovery in Asia’s developing countries.
Cloud-based services can provide solutions for banks and other financial institutions that serve the poor and people in remote areas.