Digitalization As for digitalization, this brings the greatest benefits to those who previously lacked sufficient access to goods, services, and information. In terms of financial services, FinTech not only  McKinsey Global Institute, "Climate risk and response in Asia," August 2020, https://www.mckinsey.com/~/media/McKinsey/Featured%20Insights/Asia%20Pacific/Climate%20ri sk%20and%20response%20in%20Asia%20Research%20preview/Climate-risk-and-response-inAsia-Future-of-Asia-research-preview-v3.pdf. 4  6  facilitates financial inclusion but also stimulates economic activity by increasing investment and creating demand in relevant sectors.
Asia accounts for more than 60 percent of all FinTech-related patents filed in the 20 years to 2018, 5 and offers huge potential in the FinTech sector. The recent pandemic has accelerated the move toward digitalization.