<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto">David<div><br></div><div>The question I pause is this:-</div><div><br></div><div>Are the CRBs aligned with the new dispensation? Fintech, real time information? My take is that they haven’t kept up with the times. Maybe this is a regulatory issue. </div><div><br></div><div>Listers, your thoughts? <br><br><div id="AppleMailSignature"><div><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.294118); -webkit-composition-fill-color: rgba(175, 192, 227, 0.231373);"><b>Ali Hussein</b></span></div><div><br></div><div style="font-family: Helvetica; font-size: medium; -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-text-size-adjust: auto; ">+254 0713 601113 </div><div style="font-family: Helvetica; font-size: medium; -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-text-size-adjust: auto; "><br></div><div><p style="margin: 0in 0in 0pt;"><span style="background-color: rgba(255, 255, 255, 0);">Twitter: @AliHKassim</span></p><span style="background-color: rgba(255, 255, 255, 0);"><font></font></span><p style="margin: 0in 0in 0pt;"><span style="background-color: rgba(255, 255, 255, 0);">Skype: abu-jomo</span></p><p style="margin: 0in 0in 0pt;"><span style="background-color: rgba(255, 255, 255, 0);">LinkedIn: <a href="http://ke.linkedin.com/in/alihkassim" target="_blank">http://ke.linkedin.com/in/alihkassim</a><a href="http://ke.linkedin.com/in/alihkassim" target="_blank"><span style="text-decoration: none;"></span></a></span></p><span style="background-color: rgba(255, 255, 255, 0);"><font></font></span><p style="margin: 0in 0in 0pt;"></p><font><span style="background-color: rgba(255, 255, 255, 0);">Blog: <a href="http://www.alyhussein.com/" target="_blank">www.alyhussein.com</a></span><br></font></div><div><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.292969); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); "><br></span></div><div>"Discovery consists in seeing what everyone else has seen and thinking what no one else has thought". ~ Albert Szent-Györgyi</div><div><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.294118); -webkit-composition-fill-color: rgba(175, 192, 227, 0.231373);"><br></span></div>Sent from my iPad</div><div><br>On 12 Jul 2018, at 11:11 AM, David Indeje via kictanet <<a href="mailto:kictanet@lists.kictanet.or.ke">kictanet@lists.kictanet.or.ke</a>> wrote:<br><br></div><blockquote type="cite"><div><div dir="ltr"><div class="gmail_default" style="font-family:"comic sans ms",sans-serif"><br></div><div class="gmail_default"><div class="gmail_default"><font face="comic sans ms, sans-serif">Ali and team,</font></div><div class="gmail_default"><font face="comic sans ms, sans-serif"><br></font></div><div class="gmail_default"><font face="comic sans ms, sans-serif">First, we should acknowledge that Credit Referencing Bureaus in Kenya are key enablers for the growth of the country's consumer economy and the</font></div><div class="gmail_default"><font face="comic sans ms, sans-serif">quality of consumer credit portfolios, whilst protecting the privacy and credit exposure of individual consumers. </font></div><div class="gmail_default"><font face="comic sans ms, sans-serif"><br></font></div><div class="gmail_default"><span style="font-family:"comic sans ms",sans-serif">As a result, it is only prudent that CRBs with the massive information they hold they should facilitate the building of information capital can guide</span><br></div><div class="gmail_default"><font face="comic sans ms, sans-serif">the pricing of loans by financial institutions. The ripple effect will result into an empowered Customer fully aware of his/ her credit histories, </font></div><div class="gmail_default"><font face="comic sans ms, sans-serif">to negotiate better terms for credit with financial lenders. </font></div></div><div class="gmail_default" style="font-family:"comic sans ms",sans-serif"><br></div><div class="gmail_default" style="font-family:"comic sans ms",sans-serif">NB (my thoughts as a business journalist)</div><div><div dir="ltr" class="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><p style="font-size:12.8px;margin-top:6pt"><font face="trebuchet ms, sans-serif" color="#990000"><b><span lang="EN-GB" style="font-size:10pt"></span></b></font></p><div style="font-family:"comic sans ms",sans-serif;display:inline"><font face="trebuchet ms, sans-serif" color="#990000"><b> </b></font></div><div style="font-size:12.8px;font-family:"comic sans ms",sans-serif;display:inline"><font face="trebuchet ms, sans-serif" color="#990000"><b> </b></font></div><font face="trebuchet ms, sans-serif" color="#990000" style="font-size:12.8px"><b>Kind Regards,</b></font><p style="font-size:12.8px;margin-top:6pt"><font face="trebuchet ms, sans-serif" color="#990000"><b></b></font></p><p></p><p style="font-size:small"></p><p style="font-size:12.8px;margin-top:6pt"><font face="trebuchet ms, sans-serif" color="#990000"><b><span lang="EN-GB" style="font-size:10pt">David Indeje </span></b></font></p></div><div dir="ltr"><br></div><div dir="ltr"><p style="color:rgb(74,74,74);font-family:Arial,sans-serif;font-size:13px;line-height:15px;margin:0px 0px 5px"><img src="https://cytonn.sheerhr.com/signature/icon/ico-phone.png" alt="" border="0" style="max-height: 15px; vertical-align: bottom; width: auto;"> +254 (0) 711 385 945| +254 (0) 734 024 856 <img src="https://cytonn.sheerhr.com/signature/icon/ico-web.png" alt="" border="0" style="max-height: 15px; vertical-align: bottom; width: auto;"> <a href="http://bit.ly/2eJF9B4" target="_blank">Khusoko</a></p><p style="line-height:15px;margin:15px 0px 5px"><a href="https://www.facebook.com/DavidIndeje/" style="color:rgb(17,85,204);font-family:Arial,sans-serif;font-size:13px" target="_blank"><img src="https://cytonn.sheerhr.com/signature/icon/facebook-ico.png" alt="" style="max-height: 15px; vertical-align: bottom; width: auto;"> </a><a href="https://twitter.com/David_Indeje" style="color:rgb(17,85,204);font-family:Arial,sans-serif;font-size:13px;margin-left:10px" target="_blank"><img src="https://cytonn.sheerhr.com/signature/icon/twitter-ico.png" alt="" style="max-height: 15px; vertical-align: bottom; width: auto;"> </a><a href="http://ke.linkedin.com/pub/david-indeje/17/7b9/647" style="color:rgb(17,85,204);font-family:Arial,sans-serif;font-size:13px;margin-left:10px" target="_blank"><img src="https://cytonn.sheerhr.com/signature/icon/linkedin-ico.png" alt="" style="max-height: 15px; vertical-align: bottom; width: auto;"></a> <font face="Arial, sans-serif" color="#666666"><span style="font-size:13px">Skype: david.indeje </span></font></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div><br></div><br><div class="gmail_quote"><div dir="ltr">On Thu, 12 Jul 2018 at 11:01, Ali Hussein <<a href="mailto:ali@hussein.me.ke">ali@hussein.me.ke</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="auto">Thanks Grace and David. <div><br></div><div>One thing that we may need to look as a country is how the Credit Reverence Bureaus operate. There is too much negative reporting as opposed to positive one. There is a story in the papers that reported that 10% of Kenyans are listed on CRB. </div><div><br></div><div>What way forward? <br><br><div id="m_5762498795618034495AppleMailSignature"><div><span><b>Ali Hussein</b></span></div><div><span><b>Principal</b></span></div><div><b style="background-color:rgba(255,255,255,0)">AHK & Associates</b></div><div style="font-family:Helvetica;font-size:medium">+254 0713 601113 </div><div style="font-family:Helvetica;font-size:medium"><br></div><div><p style="margin:0in 0in 0pt"><span style="background-color:rgba(255,255,255,0)">Twitter: @AliHKassim</span></p><span style="background-color:rgba(255,255,255,0)"><font></font></span><p style="margin:0in 0in 0pt"><span style="background-color:rgba(255,255,255,0)">Skype: abu-jomo</span></p><p style="margin:0in 0in 0pt"><span style="background-color:rgba(255,255,255,0)">LinkedIn: <a href="http://ke.linkedin.com/in/alihkassim" target="_blank">http://ke.linkedin.com/in/alihkassim</a></span></p><font><br></font></div><div><span style="background-color:rgba(255,255,255,0)">"We are what we repeatedly do. Excellence, therefore, is not an act but a habit." ~ Aristotle</span></div><div><br></div><div><span><br></span></div>Sent from my iPad</div><div><br>On 12 Jul 2018, at 10:38 AM, David Indeje via kictanet <<a href="mailto:kictanet@lists.kictanet.or.ke" target="_blank">kictanet@lists.kictanet.or.ke</a>> wrote:<br><br></div><blockquote type="cite"><div><div dir="ltr"><div class="gmail_default" style="font-family:comic sans ms,sans-serif">@Grace I guess so. But when you also flip it as a follow up to yesterday's discussion, we are also being driven to a situation where if you don't have any data available about you,<br clear="all"></div><div class="gmail_default" style="font-family:comic sans ms,sans-serif">then, it is not possible to get any financial help.</div><div class="gmail_default" style="font-family:comic sans ms,sans-serif">So, I guess as technology continues to evolve so will people be required to do lots of things to fully benefit from it. </div><div><div dir="ltr" class="m_5762498795618034495gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><p style="font-size:12.8px;margin-top:6pt"><font face="trebuchet ms, sans-serif" color="#990000"><b><span lang="EN-GB" style="font-size:10pt"></span></b></font></p><div style="font-family:"comic sans ms",sans-serif;display:inline"><font face="trebuchet ms, sans-serif" color="#990000"><b> </b></font></div><div style="font-size:12.8px;font-family:"comic sans ms",sans-serif;display:inline"><font face="trebuchet ms, sans-serif" color="#990000"><b> </b></font></div><font face="trebuchet ms, sans-serif" color="#990000" style="font-size:12.8px"><b>Kind Regards,</b></font><p style="font-size:12.8px;margin-top:6pt"><font face="trebuchet ms, sans-serif" color="#990000"><b></b></font></p><p></p><p style="font-size:small"></p><p style="font-size:12.8px;margin-top:6pt"><font face="trebuchet ms, sans-serif" color="#990000"><b><span lang="EN-GB" style="font-size:10pt">David Indeje </span></b></font></p></div><div dir="ltr"><br></div><div dir="ltr"><p style="color:rgb(74,74,74);font-family:Arial,sans-serif;font-size:13px;line-height:15px;margin:0px 0px 5px"><img src="https://cytonn.sheerhr.com/signature/icon/ico-phone.png" alt="" border="0" style="max-height:15px;vertical-align:bottom;width:auto"> +254 (0) 711 385 945| +254 (0) 734 024 856 <img src="https://cytonn.sheerhr.com/signature/icon/ico-web.png" alt="" border="0" style="max-height:15px;vertical-align:bottom;width:auto"> <a href="http://bit.ly/2eJF9B4" target="_blank">Khusoko</a></p><p style="line-height:15px;margin:15px 0px 5px"><a href="https://www.facebook.com/DavidIndeje/" style="color:rgb(17,85,204);font-family:Arial,sans-serif;font-size:13px" target="_blank"><img src="https://cytonn.sheerhr.com/signature/icon/facebook-ico.png" alt="" style="max-height:15px;vertical-align:bottom;width:auto"> </a><a href="https://twitter.com/David_Indeje" style="color:rgb(17,85,204);font-family:Arial,sans-serif;font-size:13px;margin-left:10px" target="_blank"><img src="https://cytonn.sheerhr.com/signature/icon/twitter-ico.png" alt="" style="max-height:15px;vertical-align:bottom;width:auto"> </a><a href="http://ke.linkedin.com/pub/david-indeje/17/7b9/647" style="color:rgb(17,85,204);font-family:Arial,sans-serif;font-size:13px;margin-left:10px" target="_blank"><img src="https://cytonn.sheerhr.com/signature/icon/linkedin-ico.png" alt="" style="max-height:15px;vertical-align:bottom;width:auto"></a> <font face="Arial, sans-serif" color="#666666"><span style="font-size:13px">Skype: david.indeje </span></font></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div><br></div><br><div class="gmail_quote"><div dir="ltr">On Thu, 12 Jul 2018 at 10:19, Grace Bomu <<a href="mailto:nmutungu@gmail.com" target="_blank">nmutungu@gmail.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr"><div class="gmail_default" style="font-family:verdana,sans-serif">@ Indeje, I wonder whether we are being driven to a "you must have a credit score" world and thereby a situation where one might have to take a loan just to get a credit score. <br></div></div><div class="gmail_extra"><br><div class="gmail_quote">2018-07-12 10:12 GMT+03:00 David Indeje via kictanet <span dir="ltr"><<a href="mailto:kictanet@lists.kictanet.or.ke" target="_blank">kictanet@lists.kictanet.or.ke</a>></span>:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr"><div class="gmail_default" style="font-family:"comic sans ms",sans-serif">As regards <span style="font-family:Arial,Helvetica,sans-serif;font-size:small;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline">3. How about the Credit Reference Bureaus? Are they stuck in a time warp or is the legislation in place encumbering them from innovation? </span>
</div><div class="gmail_default" style="font-family:"comic sans ms",sans-serif"><span style="font-family:Arial,Helvetica,sans-serif;font-size:small;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline"><br></span></div><div class="gmail_default" style="font-family:"comic sans ms",sans-serif"><span style="font-family:Arial,Helvetica,sans-serif;font-size:small;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline">I once spoke to KBA's Dr. Habil Olaka and he noted that the CRB's role in the market has not been achieved as it is currently constituted. </span></div>According to him, CRB was not to play the role of blacklisting persons who have defaulted but rather to inculcate an environment where people become responsible and<div class="gmail_default" style="font-family:"comic sans ms",sans-serif;display:inline">similarly,</div><div class="gmail_default" style="font-family:"comic sans ms",sans-serif"><span style="font-family:Arial,Helvetica,sans-serif;font-size:small;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline">help financial institutions to better price a person who is seeking financial help. </span></div><div class="gmail_default" style="font-family:"comic sans ms",sans-serif"><span style="font-family:Arial,Helvetica,sans-serif;font-size:small;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline"><br></span></div><div class="gmail_default" style="font-family:"comic sans ms",sans-serif"><span style="font-family:Arial,Helvetica,sans-serif;font-size:small;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline">This is a reason that led to the launch of the Loan Calculator by the KBA. There reasoning was it is better to get a loan from a bank rather than the mobile lending platforms.</span></div><div class="gmail_default" style="font-family:"comic sans ms",sans-serif"> However, in line with what @GraceBomu notes on mobile lending, FSD in their 2017 <a href="http://fsdkenya.org/annual-report/2017-annual-report/" target="_blank">report</a> recommended that "As the market for digital loans grows and diversifies, further research is needed to help build a more complete and timely picture of how and whether these products can improve Kenyans’ lives." </div><div class="gmail_default" style="font-family:"comic sans ms",sans-serif"><font color="#ffff00"><br></font></div><div class="gmail_default" style="font-family:"comic sans ms",sans-serif"><font color="#ff0000">On Regulation:</font> CBK has the best answer on how it regulates mobile lending institutions so that they are differentiated from the banks. However, I agree with BBK MD Jeremy Awori who says "Excessive control and regulation does not help the market. This is adding a lot of bureaucracy and cost, which will find its way to the charges of products" he spoke this yesterday. </div><div class="gmail_default" style="font-family:"comic sans ms",sans-serif">Same sentiments have been raised by Safaricom and also the <a href="https://www.businessdailyafrica.com/markets/marketnews/Proposed-finance-law-will-cripple-CBK--says-governor/3815534-4585524-dt5vtiz/index.html" target="_blank">CBK</a> as regards to the new Financial bill </div><div class="gmail_default" style="font-family:"comic sans ms",sans-serif"><span style="font-family:Arial,Helvetica,sans-serif;font-size:small;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline"><br></span></div><div class="gmail_default" style="font-family:"comic sans ms",sans-serif"><span style="font-family:Arial,Helvetica,sans-serif;font-size:small;background-color:rgb(255,255,255);text-decoration-style:initial;text-decoration-color:initial;float:none;display:inline"><br></span></div><div><div dir="ltr" class="m_5762498795618034495m_9208034121391011685m_3673516019936308652gmail-m_-1898557450918991592gmail_signature"><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><p style="font-size:12.8px;margin-top:6pt"><font face="trebuchet ms, sans-serif" color="#990000"><b><span style="font-size:10pt" lang="EN-GB"></span></b></font></p><div style="font-family:"comic sans ms",sans-serif;display:inline"><font face="trebuchet ms, sans-serif" color="#990000"><b> </b></font></div><div style="font-size:12.8px;font-family:"comic sans ms",sans-serif;display:inline"><font face="trebuchet ms, sans-serif" color="#990000"><b> </b></font></div><font style="font-size:12.8px" face="trebuchet ms, sans-serif" color="#990000"><b>Kind Regards,</b></font><p style="font-size:12.8px;margin-top:6pt"><font face="trebuchet ms, sans-serif" color="#990000"><b></b></font></p><p></p><p style="font-size:small"></p><p style="font-size:12.8px;margin-top:6pt"><font face="trebuchet ms, sans-serif" color="#990000"><b><span style="font-size:10pt" lang="EN-GB">David Indeje </span></b></font></p></div><div dir="ltr"><br></div><div dir="ltr"><p style="color:rgb(74,74,74);font-family:Arial,sans-serif;font-size:13px;line-height:15px;margin:0px 0px 5px"><img src="https://cytonn.sheerhr.com/signature/icon/ico-phone.png" alt="" style="max-height:15px;vertical-align:bottom;width:auto" border="0"> +254 (0) 711 385 945| +254 (0) 734 024 856 <img src="https://cytonn.sheerhr.com/signature/icon/ico-web.png" alt="" style="max-height:15px;vertical-align:bottom;width:auto" border="0"> <a href="http://bit.ly/2eJF9B4" target="_blank">Khusoko</a></p><p style="line-height:15px;margin:15px 0px 5px"><a href="https://www.facebook.com/DavidIndeje/" style="color:rgb(17,85,204);font-family:Arial,sans-serif;font-size:13px" target="_blank"><img src="https://cytonn.sheerhr.com/signature/icon/facebook-ico.png" alt="" style="max-height:15px;vertical-align:bottom;width:auto"> </a><a href="https://twitter.com/David_Indeje" style="color:rgb(17,85,204);font-family:Arial,sans-serif;font-size:13px;margin-left:10px" target="_blank"><img src="https://cytonn.sheerhr.com/signature/icon/twitter-ico.png" alt="" style="max-height:15px;vertical-align:bottom;width:auto"> </a><a href="http://ke.linkedin.com/pub/david-indeje/17/7b9/647" style="color:rgb(17,85,204);font-family:Arial,sans-serif;font-size:13px;margin-left:10px" target="_blank"><img src="https://cytonn.sheerhr.com/signature/icon/linkedin-ico.png" alt="" style="max-height:15px;vertical-align:bottom;width:auto"></a> <font face="Arial, sans-serif" color="#666666"><span style="font-size:13px">Skype: david.indeje </span></font></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div><br></div><br><div class="gmail_quote"><div><div class="m_5762498795618034495m_9208034121391011685h5"><div dir="ltr">On Thu, 12 Jul 2018 at 09:47, Grace Bomu via kictanet <<a href="mailto:kictanet@lists.kictanet.or.ke" target="_blank">kictanet@lists.kictanet.or.ke</a>> wrote:<br></div></div></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div><div class="m_5762498795618034495m_9208034121391011685h5"><div dir="ltr">Hi Ali,<br><div style="font-family:verdana,sans-serif" class="gmail_default">With regard to the question of mobile money lending, it is a subset of micro finance in many ways. It definitely leads to more financial inclusion for the unbanked and provides credit to those who would normally not be targeted by banks. However, the interest rates are sometimes so high that one wonders if the goal is financial inclusion or bondage through credit. There needs to be more transparency by the lending apps not only about their rates but how these are derived, what data they hold and for how long. The money lending apps are also marketed in isolation from other important information that one needs in order to make the most out of credit. In comparison to microfinance for example, the institutions take time to educate borrowers about finance, business plans, loan repayment plans etc. There are also social structures like women groups or SACCO groups that assist borrowers to reach their goals with the money they borrowed. This is a gap with mobile money lending apps which are more impersonal and agnostic about the purposes for borrowing. <br></div><div style="font-family:verdana,sans-serif" class="gmail_default"><br></div><div style="font-family:verdana,sans-serif" class="gmail_default"><br></div><div style="font-family:verdana,sans-serif" class="gmail_default">Regards,</div><br><div><br><br>Il giovedì 12 luglio 2018, Ali Hussein via kictanet <<a href="mailto:kictanet@lists.kictanet.or.ke" target="_blank">kictanet@lists.kictanet.or.ke</a>> ha scritto:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="auto"><div><span></span></div><div>Dear listers.<div><br></div><div>Since the advent of Mpesa, Kenya has been recognized as Ground Zero for Mobile Money/Payments Innovation the world over. According to a World Bank report one in every ten human beings regularly using mobile money is a a Kenyan. </div><div><br></div><div>Over the last few years Fintech (Financial Technology) has become all the rage. American startups are setting up in Kenya. The more common ones that we know are Branch and Tala who combined have raised over $150m of venture funds in the last few years. These two are mainly mobile lending platforms. Insuretech is taking root. Payment Platforms are proliferating. Banks are jumping onto the Fintech Bandwagon with mainstream banks like Barclays and HF Group launching their mobile lending apps. Equity Bank boldly announced a few weeks ago that they are building an API Bank. Banking as a Service as it were.</div><div><br></div><div>Not to be left out, Blockchain and it’s offspring, Bitcoin is threading to complete the upheavals in the financial sector. On top of it all the government is playing catch up on regulation with the announcement of the Finance Bill 2018. See analysis from KPMG on this.</div><div><br></div><div><a href="https://home.kpmg.com/ke/en/home/insights/2018/06/finance-bill-2018-analysis.html" target="_blank">https://home.kpmg.com/ke/en/home/insights/2018/06/finance-bill-2018-analysis.html</a></div><div><br></div><div>To ponder:-</div><div><br></div><div>1. Are we moving too fast? Is there a need to take a chill pill and reflect on the gains and achievements of the sector? Should we regulate lightly or heavily? </div><div><br></div><div>2. Should we regulate and cap the mobile lending platforms? Are they playing a crucial role of financial inclusion or are they just loan sharks on steroids? </div><div><br></div><div>3. How about the Credit Reference Bureaus? Are they stuck in a time warp or is the legislation in place encumbering them from innovation? </div><div><br></div><div>4. Lastly is the BlockChain conversation being overhyped? And how do you separate the technology from the cryptocurrencies it spawns? </div><div><br></div><div>Over to you Listers. <br><br><div><div><span><b>Ali Hussein</b></span></div><div><span><b>Principal</b></span></div><div><b style="background-color:rgba(255,255,255,0)">AHK & Associates</b></div><div style="font-family:Helvetica;font-size:medium">+254 0713 601113 </div><div style="font-family:Helvetica;font-size:medium"><br></div><div><p style="margin:0in 0in 0pt"><span style="background-color:rgba(255,255,255,0)">Twitter: @AliHKassim</span></p><span style="background-color:rgba(255,255,255,0)"><font></font></span><p style="margin:0in 0in 0pt"><span style="background-color:rgba(255,255,255,0)">Skype: abu-jomo</span></p><p style="margin:0in 0in 0pt"><span style="background-color:rgba(255,255,255,0)">LinkedIn: <a href="http://ke.linkedin.com/in/alihkassim" target="_blank">http://ke.linkedin.com/in/alihkassim</a></span></p><font><br></font></div><div><span style="background-color:rgba(255,255,255,0)">"We are what we repeatedly do. Excellence, therefore, is not an act but a habit." ~ Aristotle</span></div><div><br></div><div><span><br></span></div>Sent from my iPad</div></div></div></div></blockquote></div>
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The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.<br>
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<br></blockquote></div><br><br clear="all"><br>-- <br><div class="m_5762498795618034495m_9208034121391011685gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div dir="ltr"><div dir="ltr"><div>Grace Mutung'u <br>Skype: gracebomu<br>@Bomu<br><span style="font-size:12.8px">PGP ID : 0x33A3450F</span><br></div><div><br></div></div></div></div></div></div></div>
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</div></blockquote><blockquote type="cite"><div><span>_______________________________________________</span><br><span>kictanet mailing list</span><br><span><a href="mailto:kictanet@lists.kictanet.or.ke" target="_blank">kictanet@lists.kictanet.or.ke</a></span><br><span><a href="https://lists.kictanet.or.ke/mailman/listinfo/kictanet" target="_blank">https://lists.kictanet.or.ke/mailman/listinfo/kictanet</a></span><br><span>Twitter: <a href="http://twitter.com/kictanet" target="_blank">http://twitter.com/kictanet</a></span><br><span>Facebook: <a href="https://www.facebook.com/KICTANet/" target="_blank">https://www.facebook.com/KICTANet/</a></span><br><span>Domain Registration sponsored by <a href="http://www.eacdirectory.co.ke" target="_blank">www.eacdirectory.co.ke</a></span><br><span></span><br><span>Unsubscribe or change your options at <a href="https://lists.kictanet.or.ke/mailman/options/kictanet/info%40alyhussein.com" target="_blank">https://lists.kictanet.or.ke/mailman/options/kictanet/info%40alyhussein.com</a></span><br><span></span><br><span>The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.</span><br><span></span><br><span>KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.</span><br></div></blockquote></div></div></blockquote></div>
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