The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
The Brazilian fintech sector features a variety of players and services. Despite the large number of companies operating through online platforms and providing innovative financial services in Brazil, only 226 of these firms were being monitored by ...
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Indonesia is the largest market for both two-wheel and four-wheel vehicles within the ASEAN region, and it is the region's second-largest motor vehicle manufacturer. The automotive industry plays a crucial role in driving Indonesia's economic ...
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Brazil's infrastructure sector has a diverse landscape. While some transport infrastructure sub-sectors, such as road infrastructure, are still dominated by the federal and state governments, others such as the railways have a large participation ...
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Brazil is one of the most important players in the global biofuels industry, in terms of consumption, production and competitive advantages. Leveraging the country's massive agricultural production, which includes two leading inputs for biofuels ...
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The agribusiness industry is a key sector in Colombia, accounting for 8.7% of GDP and 13.6% of total employment in 2023, as well as 14.5% of the country's total exports in January-September 2023. Colombia is among the world's leading producers and ...
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The agribusiness sector plays an important role in India's economy, accounting for 16.6% of the country's GDP in FY2023 and 7.6% of total exports in 2022 (calendar year format). The sector employed approximately 43% of the country's total workforce ...
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According to the State Bank of Vietnam (SBV), approximately 77.4% of adult Vietnamese citizens had payment accounts in 2023, a significantly higher percentage than the 31% reported between 2015 and 2017. Despite this progress, more than 20% of ...
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According to DANE (Colombia's statistical office), the information and communications sector in Colombia experienced a 1.4% y/y increase in its GVA during 2023 in real terms, losing momentum from the previous two years when double-digit growth rates ...
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Colombia's GDP grew by 0.6% y/y in 2023, primarily due to a decrease in household consumption growth, which decreased from 10.7% y/y in 2022 to 1.1% y/y in 2023. The retail sector was one of the worst affected, decreasing by 2.8% y/y. In December ...
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