In many countries in Africa, fintech startups are bringing new solutions to market too quickly for financial regulators to keep up. This presents a dilemma for African financial regulators: take a hard line, or allow innovation to unfold? Regulators should step back and focus on “core regulation” of the financial sector, and allow the market to respond to innovation. The regulation of fintech startups shouldn’t be the full extent of the conversation, however. There will be knock-on effects of the current surge of fintech startups re-shaping the financial landscape.

Source: The North Africa Journal February 27, 2018 06:00 UTC