Addressing the Role of Risk Management and Digital Finance Technology on Financial Inclusion

Boskov, Tatjana and Drakulevski, Ljubomir (2017) Addressing the Role of Risk Management and Digital Finance Technology on Financial Inclusion. Quality - Access to Success, 18 (161). pp. 113-115. ISSN 1582-2559

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Financial inclusion focuses on population which is “unbanked” to get into the formal financial system. The new
patterns of financial inclusion rely on digital technologies, and “fin-tech” continues to revolutionize the nature of
provision. Very important fact is that 78% of access on financial services in developing countries involves mobile
money. Financial digital technologies improve data transmission, analysis and give the small companies the
opportunity to develop low-cost distribution models and risk-management practices. Taking into account that there
are two major reason for financial exclusion – high cost and non price barriers, we are encourage to examine the
necessity of managing the use of finance digital technologies due to the opportunities for all of society. Further, we
examine these questions because bureaucracy and cost are some of main barriers in accessing banking and financial
products and services by biggest part of society, using linear regression analysis to process the collected data.
Keywords: financial inclusion, management, digital technology, finance, linear regression.

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Tourism and Business Logistics
Depositing User: Tatjana Boskov
Date Deposited: 12 Dec 2017 10:53
Last Modified: 12 Dec 2017 10:53

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