The Capital Markets Authority (CMA) has announced the admission of FourFront Management Limited to the Regulatory Sandbox. This brings the total number of firms admitted to the live-testing environment for capital markets innovations to seven. The fintech firm is a wholly owned subsidiary of Standard Investment Bank (SIB), a licensed investment bank. “The admission of FourFront Management Limited to the Regulatory Sandbox will build our capacity as a regulator,” said CMA Acting Chief Executive Wyckliffe Shamiah. Investment technology is one of the core ways financial technology is likely to disrupt Kenya’s capital markets.

Source: The Star September 25, 2020 07:41 UTC