Browsing: banking

Banks enter locations where local demand and infrastructure make financial intermediation profitable. We argue that Christian missions affected both margins, and thus the present-day geography of formal banking in Africa reflects the historical footprint left by Christian missionary expansion. We test this claim by matching 2,278 historical mission stations to about 26,600 enumeration area (EA)-round…

As Canada slowly but surely progresses on implementing open banking, what was initially perceived as a risk to the big banks could also present an opportunity for them, experts say.