The FinTech Index
ING_EBZ_fintech-index-report_tcm162-116078
ING_EBZ_fintech-index-report_tcm162-116078
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Content<br />
Executive Summary 2<br />
Introduction4<br />
<strong>The</strong> Why: countries differ in their <strong>FinTech</strong> environment. 4<br />
<strong>The</strong> Who: a reference card for different types of investors. 5<br />
<strong>The</strong> How: an in depth look at <strong>FinTech</strong> demand, supply and risk. 6<br />
<strong>FinTech</strong> <strong>Index</strong> Results 7<br />
A regional perspective 8<br />
Looking at <strong>FinTech</strong> demand and supply 9<br />
Looking at risk 10<br />
Improving the supply side: focus on <strong>FinTech</strong> infrastructure or ecosystem? 11<br />
Country infographics<br />
This report is accompanied by a separate document with 73 <strong>FinTech</strong> country infographics.<br />
Country Examples 12<br />
India and China: <strong>FinTech</strong> can reach a third of the global population 13<br />
Indonesia and Vietnam: <strong>FinTech</strong>-led financial inclusion in remote areas 14<br />
Brazil and Mexico: Fast-developing <strong>FinTech</strong> sector 15<br />
Albania<br />
Demographics<br />
(Source: United Nations)<br />
Population and share<br />
in world population<br />
0.04%<br />
2.9 mln<br />
World rank #66<br />
Expected population<br />
growth 2015 vs 2050<br />
200%<br />
150%<br />
100%<br />
50%<br />
32%<br />
Urgency for Financial Inclusion <strong>FinTech</strong> Opportunities<br />
(Source: World Bank / IFC)<br />
(Source: World Bank)<br />
Unbanked Population MSME Credit Gap Biometrics<br />
Alternative Credit Scoring Virtual Currencies<br />
(% of population over 15 years old) (% of MSMEs)<br />
38%<br />
1.5 mln<br />
Developing<br />
World Rank #63<br />
40%<br />
8%<br />
0.1 mln<br />
Enterprises<br />
18%<br />
Birth Registration<br />
(% of children under 5 who are<br />
registered)<br />
Least Urgent<br />
Moderately Urgent<br />
Urgent<br />
99%<br />
Private Credit Bureau Coverage<br />
(% of population covered by private<br />
credit agencies)<br />
0%<br />
Albania<br />
Public Credit Registries<br />
(% of population covered by public<br />
credit agencies)<br />
27%<br />
Albania<br />
Cost of remittances<br />
(average % of money sent)<br />
Most Urgent<br />
Urgent<br />
Moderately Urgent<br />
8.1%<br />
0%<br />
-7%<br />
-50%<br />
2015 2050<br />
Albania World<br />
62%<br />
Unbanked<br />
Banked<br />
Well-served<br />
Underserved<br />
34%<br />
Unserved<br />
No credit needs<br />
Most Urgent<br />
28%<br />
Developing<br />
World<br />
13%<br />
Developing<br />
World<br />
Least Urgent<br />
Unbanked<br />
Strength of<br />
Population<br />
MSMEs<br />
Appendices16<br />
1 <strong>FinTech</strong> index methodology 17<br />
2 Remarks on the <strong>FinTech</strong> <strong>Index</strong> 18<br />
3 List of country abbreviations 19<br />
Economy<br />
(Source: IMF / Worldbank)<br />
GDP (2015, billion<br />
dollars) and share in<br />
world GDP<br />
0.02%<br />
$11.5 bln<br />
World rank #57<br />
GDP per capita<br />
(dollars)<br />
$10,004.9<br />
$3,965.0<br />
<strong>FinTech</strong> Ecosystem<br />
(Source: World Bank / Global Innovation <strong>Index</strong>)<br />
Time to Start a Business Innovation <strong>Index</strong><br />
(in days)<br />
4 Most Innovative<br />
3 Innovative<br />
2 Moderately Innovative<br />
20<br />
1 Least innovative<br />
6<br />
0<br />
3<br />
<strong>FinTech</strong> Infrastructure<br />
(Source: ITU)<br />
Mobile Subscription Internet Use Density<br />
Density<br />
(% individuals using the internet)<br />
(subscriptions per 100 inhabitants)<br />
63%<br />
106 105<br />
36%<br />
Legal Rights<br />
Political<br />
Stability<br />
Control of<br />
Corruption<br />
1<br />
2<br />
3<br />
Innovation<br />
4<br />
5<br />
6<br />
7<br />
8<br />
Time to Start<br />
9<br />
a Business<br />
10<br />
Electricity Reliability<br />
Unserved<br />
Poverty<br />
Rural<br />
Population<br />
Mobile<br />
Penetration<br />
Internet<br />
Penetration<br />
Electricity<br />
Coverage<br />
Albania<br />
World<br />
Albania<br />
Developing<br />
Albania<br />
Developing<br />
Albania<br />
Developing<br />
Urgency for Financial Inclusion<br />
World<br />
World<br />
World<br />
<strong>FinTech</strong> Infrastructure<br />
Colophon20<br />
Developing<br />
World Rank #10<br />
Developing<br />
World Rank #32<br />
Developing<br />
World Rank #35<br />
Developing<br />
World Rank #7<br />
<strong>FinTech</strong> Ecosystem<br />
Political and Regulatory Stability<br />
Albania<br />
Upper middle income economies<br />
ING Economics Department 3 A Billion to Gain • November 2016
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