[kictanet] PRE KIGF ONLINE DISCUSSIONS DAY 4 -FINTECH ECOSYSTEM IN KENYA

[Francis Monyango]

Morning,

Fintech seems to be technical but because we are all involved in it one way
or another, we definitely have lessons and opinions on what needs to be
done.

*1. Is the business environment in Kenya conducive for FinTech business?*
*My answer would be yes. Yes because our internet penetration levels are
really high compared other African states. Keeping in mind how mobile money
has also picked up, there is definitely a conducive environment for
fintech.*

*3. Have banks finally caught on FinTech with their solutions?*
*Banks have not really caught up but they are trying to blend their
products with technological solutions. The wake up call seems to be when
interest rates were capped.*

*4. How will bitcoins & block chain technology affect the market?*

*Crypto currencies such as bitcoin have started being hyped by block chain
enthusiasts. However, the moment CBK will recognise it, it's true effect
will be seen.*

On 30 Jun 2017 08:24, "Rosemary Koech-Kimwatu via kictanet" <
kictanet at lists.kictanet.or.ke> wrote:

> Dear Listers,
>
> Our discussion topic today is the FinTech Ecosystem. Kenya is the
> birthplace of some of the most revolutionary FinTech ideas and today we
> will try to answer the following questions:-
>
> *1. Is the business environment in Kenya conducive for FinTech business?*
>
> *2, What is the experience of companies scaling &
> deploying FinTech to other countries in the region?*
>
> *3. Have banks finally caught on FinTech with their solutions?*
>
> *4. How will bitcoins & block chain technology affect the market?*
>
>
> Looking forward to a great discussion!
>
> --
> Rosemary Koech-Kimwatu
> Advocate -FinTech and ICT Policy
> Head of Legal and Regulatory Affairs-Wayawaya
> Tel: +254 718 181644
>
>
>
>
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