Technological developments in electronic finance have changed the nature and delivery of financial services in recent years, especially through the use of online banking, online trading and brokerage services. This report reviews the developments in e-finance and analyses the implications for consumers, financial service providers and governments. Issues discussed include: the impact on competition within the financial services industry; how financial sector policies in emerging markets are affected; public policy and regulatory requirements.In 2000 Ingosstrakh, Russiaa#39;s largest insurance company, launched a site allowing clients to apply for insurance online. ... Re2Re, a Bermudas- incorporated company with offices in Hong Kong (China) and the Philippines, has developed an open Source: See bibliographical note. exchange for global ... which enables healthy applicants to get instant approval. ... to use credit cards to purchase insurance.
|Author||:||Stijn Claessens, Thomas C. Glaessner, Daniela Klingebiel|
|Publisher||:||World Bank Publications - 2002-01-01|