Cliffe Dekker Hofmeyr Inc’s Post

Revolutionizing Finance: Fintech-Fueled Collaboration The Nigerian financial sector is experiencing a remarkable shift, driven by the dynamic partnership between Fintech firms and traditional institutions. Layer CEO, Roy Zakka, recently discussed this transformative trend, emphasizing the power of collaboration. Layer's recent collaboration with UBA Plc exemplifies the potential synergy between European Fintech expertise and African banking acumen. Their joint venture promises to redefine data utilization in banking, marking a pivotal moment in financial services innovation. In comparing Nigeria's Fintech landscape to Ireland's, Zakka highlights Nigeria's vast population as a catalyst for innovation. With over 250 leading financial firms in both countries, Nigeria presents unparalleled opportunities for technological advancement. Gone are the days of Fintech versus Traditional finance; today, it's about mutual growth and shared success. Banks like Ecobank recognize the value of partnering with Fintechs to drive innovation across the banking value chain. Layer's innovative Marketplace ecosystem empowers banks to embrace digital transformation seamlessly, integrating top-tier Fintech solutions. This approach sets Layer apart, offering holistic solutions to the pressing challenge of digitalization within traditional banking. Despite challenges, including regulatory complexities, Nigeria remains a hub for investment and innovation. With a steadfast commitment to financial inclusion, Layer, alongside partners like Ecobank, is poised to drive positive change and efficiency in the financial services sector. Together, through strategic partnerships and relentless innovation, we're reshaping the financial landscape and unlocking a brighter future for all. #Fintech #Collaboration #Innovation #FinancialInclusion #DigitalTransformation #Nigeria #UBA #Ecobank #Layer 🚀📈💼

Reasons Behind Regulatory Challenges for Nigerian Fintech Firms – Dr. Segun Aina Dr. Segun Aina, President of the Africa Fintech Network (AFN), highlighted some of the regulatory challenges faced by Nigerian fintech firms. He noted that the regulatory challenges encountered by fintechs in Nigeria stem from the rapidly evolving nature of their technology-driven business models. Read more👇🏼 #fintech #regulation #regulatorychallenges #nigeriafintechs Fintech Association Of Nigeria

A heartfelt thank you to Fintech Association Of Nigeria and Africa Fintech Network for inviting our payments and fintech expert, Ho Chee Wai (何志伟), to speak at the Intercontinental Webinar 2024 on "Scaling Cross-Border Payments and Remittances". Registration link in comment below 👇 Africa, the world's second-largest continent, with a population of 1.5 billion across 54 countries, presents both unique challenges and remarkable opportunities in cross-border payments. The vast geography and diverse demographics underscore the complexities of executing seamless transactions for individuals and businesses within Africa and beyond. We are thrilled to see Africa-Asia experts championing greater collaboration and exchanges in this space. The potential for growth and innovation in cross-border payments is immense. At JFourth Solutions, we are excited to contribute to the conversation shaping the future of this critical industry. We are also proud to be collaborating with Aniz, under the leadership of Isabelle Lessedjina, to build governance and compliance expertise in the African region. Together, we are committed to fostering capacity building that will support sustainable growth and safe and robust financial systems. Amanda Yeo Yan Yin 杨颜殷 | Claire Yip | Eugene Goh | Julia Chin 陈碧茹, MICA | Muzzil Khairat | Samuel C.F. PANG | Valerie Chow #Fintech #Compliance #Governance #RiskManagement #banking #paymentinnovations #crossbordertrade #AfricaAsiaCollaboration

Countdown to Our Free Webinar: Expanding Your Fintech to the UK Market! Date: August 19th, 2024  Time: 11 AM Ghana Time | 12 PM Nigeria Time 📢 Topics to be discussed: - The UK Fintech Industry - Why Invest in the UK - Requirements for Registration - Regulatory Reporting and Disclosure Requirements - Tax Reliefs Register Now: https://lnkd.in/d2TeHhfn Don't miss out on this opportunity to gain valuable insights and expert guidance on expanding your fintech business to the UK market. #NetHostLegislation #Fintech #UKMarket #Webinar #Investment #RegulatoryRequirements #TaxReliefs #FintechIndustry #Countdown #FreeWebinar #BusinessGrowth

Ali Hussein Kassim recently shared a significant step forward for the Kenyan ecosystem! The most important Fintech hub in Africa and one of the most important in the world. Last week, various associations within our ecosystem convened to share ideas on how to collaborate more effectively. From the Digital Financial Services Association of Kenya perspective we hope to achieve the following objectives; -Dynamic and Fair Fintech Ecosystem: We aim to create an environment that fosters innovation and fairness. -Predictable Tax Policies: Establishing tax regulations that allow for long-term planning—up to five years ahead—is essential for sustainable growth. -Real-Time Benefits for Entrepreneurs: We must ensure that entrepreneurs immediately experience tangible benefits from our initiatives. Personally, my guiding philosophies for leadership are; -Let the Best Idea Win: The merit of an idea should be the sole criterion for its acceptance, regardless of its origin. -7th Generation Principle: As a leader, I constantly evaluate how my decisions will impact future generations—specifically, seven generations ahead. Together, we can build a robust ecosystem that not only thrives today but also paves the way for future success! #TheFutureIsHere #Fintech #DigitalFinancialServices #Finance Mumbi Annstella Kris Senanu Allan Mukui Wayne Hennessy-Barrett

In 2007, Kenya introduced M-Pesa, a mobile phone-based money transfer service that would reshape financial inclusion globally. Key impacts: 1. Provided banking services to the unbanked 2. Facilitated economic growth in rural areas 3. Inspired similar services worldwide At Veryfi, we're inspired by such transformative innovations. How can we leverage technology to create more inclusive financial systems? #FinancialInclusion #Fintech #MobileMoney #FactoftheweekbyVeryfi

📚 In a 𝗰𝗼𝗺𝗽𝗲𝗹𝗹𝗶𝗻𝗴 𝗮𝗿𝘁𝗶𝗰𝗹𝗲 by The Fintech Times, Ike.S Anison, a renowned figure in African finance, 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 𝘁𝗵𝗲 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝘃𝗲 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗼𝗳 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽𝘀 𝗯𝗲𝘁𝘄𝗲𝗲𝗻 𝘁𝗿𝗮𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗯𝗮𝗻𝗸𝘀 𝗮𝗻𝗱 𝗳𝗶𝗻𝘁𝗲𝗰𝗵 𝗳𝗶𝗿𝗺𝘀 𝗶𝗻 𝗔𝗳𝗿𝗶𝗰𝗮. These collaborations are not just innovative; they're essential for financial inclusion and the future of finance in Africa. 🤝 𝗧𝗿𝗮𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗯𝗮𝗻𝗸𝘀' 𝗿𝗼𝗯𝘂𝘀𝘁 𝗳𝗼𝘂𝗻𝗱𝗮𝘁𝗶𝗼𝗻𝘀 𝗮𝗻𝗱 𝗳𝗶𝗻𝘁𝗲𝗰𝗵𝘀' 𝗰𝘂𝘁𝘁𝗶𝗻𝗴-𝗲𝗱𝗴𝗲 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀 can 𝗰𝗿𝗲𝗮𝘁𝗲 𝗮 𝘀𝘆𝗻𝗲𝗿𝗴𝘆 that addresses the unique challenges of African finance. This includes a 𝘀𝗶𝗴𝗻𝗶𝗳𝗶𝗰𝗮𝗻𝘁 𝗽𝗼𝗿𝘁𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗰𝗼𝗻𝘁𝗶𝗻𝗲𝗻𝘁'𝘀 𝗽𝗼𝗽𝘂𝗹𝗮𝘁𝗶𝗼𝗻 𝘀𝘁𝗶𝗹𝗹 𝘂𝗻𝗯𝗮𝗻𝗸𝗲𝗱 and the 𝗻𝗲𝗲𝗱 𝗳𝗼𝗿 𝗮𝗰𝗰𝗲𝘀𝘀𝗶𝗯𝗹𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘀𝗲𝗿𝘃𝗶𝗰𝗲𝘀. The Fintech Times article articulately illustrates 𝗵𝗼𝘄 𝘁𝗵𝗲𝘀𝗲 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽𝘀 𝗰𝗮𝗻 𝗳𝗼𝘀𝘁𝗲𝗿 𝗮 𝗱𝘆𝗻𝗮𝗺𝗶𝗰, 𝗶𝗻𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘀𝗲𝗰𝘁𝗼𝗿, 𝗹𝗲𝘃𝗲𝗿𝗮𝗴𝗶𝗻𝗴 𝘁𝗵𝗲 𝘀𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝘀 of both banks and fintechs to overcome their individual challenges. 🔜 As a leader in the African financial community, #AFIS is committed to highlighting such crucial developments. We encourage you to delve deeper into this fascinating topic and understand its implications for Africa's financial future. 🔗 𝗙𝗼𝗿 𝗮𝗻 𝗶𝗻-𝗱𝗲𝗽𝘁𝗵 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀, find the 𝗹𝗶𝗻𝗸 𝘁𝗼 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗮𝗿𝘁𝗶𝗰𝗹𝗲 𝗶𝗻 𝗼𝘂𝗿 𝗳𝗶𝗿𝘀𝘁 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 below. #AfricanFinance #Fintech #Banking #FinancialInclusion #Innovation

As the fintech industry continues to push the envelope with groundbreaking ideas and disruptive technologies, it faces a perpetual tug-of-war between progress and stability. While innovation seeks to push the boundaries of competition and drive transformative change, compliance seeks to temper the zeal, ensuring that risks are mitigated and consumers are protected. Join us at the upcoming Ghana Fintech Awards, where we will engage in a spirited debate on the timeless topic of innovation versus compliance. Our arguments will be presented in front of an esteemed audience of regulators, industry experts and practitioners. Let's explore the intersections of innovation and regulation and forge new paths forward together. Don't miss out on this riveting showdown! #Ghanafintechawards #fintechinnovation #innovationvscompliance

Patrick Njoroge, former governor of the Central Bank of Kenya, shares insights on the importance of African fintech operators striving for world-class standards in their endeavors. Mr. Njoroge highlighted the importance of comprehensive regulation that balances innovation with financial stability, consumer protection, and healthy competition. He stressed that regulators should not stifle innovation but instead set standards that support emerging payment technologies. Mr. Njoroge called for borderless innovation across the continent, urging fintech operators to think beyond national boundaries and aim for global impact. He redefined success metrics for the industry, shifting focus from fundraising achievements to customer satisfaction and real-world impact. Furthermore, Mr. Njoroge stressed on the importance of strategic alliances within the fintech ecosystem, encouraging collaboration between fintech operators and traditional banks. He urged the need for fintech players to build trust with regulators, viewing this as crucial for their success. Despite the challenges, Mr. Njoroge expressed optimism about the future of African fintech, stating that with world-class behaviors and innovations, African fintech players can compete effectively in the global market. #Fintech #Africa #Innovation #Compliance #Regulations #Tech

Customer trust and regulatory compliance have always been a priority at Kuda. Learn about this and more in Babs Ogundeyi’s conversation with Moniepoint Group’s Tosin Eniolorunda, FairMoney’s Laurin Nabuko Hainy and Justin Norman on the latest episode of The Flip. https://lnkd.in/dAtNKFRU #fintech #africa #nigeria #regulation #money #payments