Leveraging Global Innovations in Financial Technology in Africa

Financial technology (fintech) refers to a broad range of technological innovations that enhance or change the way financial services are provided. The innovations typically include crowdfunding, insurance, budgeting software, blockchain (and cryptocurrencies), electronic payments and transfers, and robo-advisors and trading applications. Fintech development has been fuelled by breakthroughs in mobile networks, big data, trust management, mobile embedded systems, cloud computing and data analytic techniques, which have changed service delivery for both personal and commercial finance (Gai et al., 2018).

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Partnerships for the Goals