The Role of ICT in Reducing Information Asymmetry for Financial Access

Abstract

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Effects of information sharing on banking credit and economic growth in developing countries: Evidence from the West African Economic and Monetary Union

“…Asongu et al () indicate that information credit sharing through public credit registers (PCRs) and private credit bureaus (PCBs) has negative effects on domestic credit in the private sector based on 53 African countries during the period of 2004–2011. By integrating information and communication technologies (ICTs) into the analysis, Asongu and Moulin () show that, according to the funding access, there is a positive marginal interaction effect between ICTs and PCRs, whereas the marginal effect between ICTs and PCBs is negative. The study shows a marginal positive effect between ICTs and PCRs on efficient funding allocations.…”

Information technology and insurance development in Sub-Saharan Africa

“…They argued that when ICT was combined with the position of public credit registries, the cost of loans was substantially reduced while the quantity was increased. Furthermore, Asongu and Moulin (2016) evaluated the role of ICT in complementing private credit bureaus and public credit registries in reducing knowledge asymmetry for financial access and allocation performance. They concluded that the complementarity between information sharing offices and information and communication technology (ICT) in boosting financial access is still very small.…”