NEWS
Commonwealth countries look to unlock potential of Fintech
An innovative toolkit to help countries unlock the potential of financial technology ( Fintech ) to deliver inclusive economic progress has been launched by the Commonwealth Secretariat . The toolkit has been created in response to the requests of Central Bank Governors from across many Commonwealth countries and developed by the Commonwealth Secretariat with funding support from the Australian Government .
Patricia Scotland , Commonwealth Secretary-General , said : “ It is immensely satisfying to be able to offer such very practical support to so many of our member states in their work on Fintech through the production of these tools and this guidance .
Driven by rapid advances in technology , financial services have become more easily accessible , cheaper and faster .
This has seen the use of Fintech grow across the Commonwealth , including the use of mobile money in Africa and Asia , the creation of a central bank-backed digital currency in the Caribbean and the use of digital identity processes in the Pacific .
The toolkit aims to support governments in creating a healthy regulatory and banking environment for Fintech to flourish at the same time as securing consumer protection and financial stability .
It offers technical guidance on a range of technologies , including Artificial Intelligence , Blockchain and cybersecurity and on how they are being applied to progress development goals .
Nedbank banks big on Property Technology for African Real Estate
This year ’ s event will provide a platform for investors , start-ups and practitioners to meet , present and share insights on how Proptech applications are accelerating across the real estate sector .
According to the forum ’ s host , API Events ’ Kfir Rusin , Property Technology ( Proptech ) is one of the sectors predicted to emerge stronger post COVID-19 .
Taking place online , this year ’ s Africa
Proptech Forum Virtual , is one-full day of live presentations and panel discussions , networking and engagement , for the continent ’ s growing Proptech community . Hosted by the API Summit Virtual and lead sponsor , Nedbank CIB , the free to attend virtual forum will be held on September 29 , 2020 and will connect Africa ’ s most impactful real estate investor community with its emerging technology and innovation sectors .
Rusin said : “ This period of enforced digital uptake and dependency as well as remote working will accelerate adoption and innovation in the Proptech space both globally and in Africa .
“ Already gaining momentum over the past couple of years , property technology will take centre stage both in the immediate interventions needed as a result of COVID-19 as well as the mid-to-long term plans for all property related stakeholders and businesses .” www . intelligentcio . com INTELLIGENTCIO
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