World Bank: Well-regulated FinTech boosts inclusion, fights cyber crime

In Brazil, electronic payment cards have reduced costs of social transfers in the conditional cash transfer program, Bolsa Familia, to under 3% of total payments.

As Managing Director and World Bank Group Chief Financial Officer, Joaquim Levy is responsible for the financial and risk management strategies of the World Bank Group and for the institutions that make up the Group. This includes development of new, innovative financial products and services, oversight of the financial reporting, risk management, and mobiliSation of financial resources in alignment with the Group’s strategy.