In the age of digital transformation, data has become crucial for innovation and progress, especially within Africa’s growing financial landscape. With Sub-Saharan Africa leading the global adoption of Mobile Money, with over 218 million active accounts according to GSMA’s State of the Industry Report on Mobile Money 2023, the region is well-positioned to use data-driven insights to promote financial inclusion and economic empowerment.
Against this backdrop, the 2024 RegTech Africa Conference aims to bring together thought leaders, policymakers, and industry experts to guide Africa’s true prosperity. This flagship event is set to explore the vital role of data governance in driving Africa’s economic resurgence.
Cyril Okoroigwe, CEO of RegTech Media, highlights the importance of strong data governance frameworks, stating, “Africa is at a transformative point where data can drive significant socioeconomic progress. By prioritizing data governance, we can unlock new pathways to innovation, resilience, and inclusive growth across the continent.”
The event will feature a distinguished lineup of speakers from around the world, offering valuable insights into the intersection of data governance, regulatory compliance, and technological innovation. Through keynote addresses, panel discussions, and interactive workshops, participants will explore cutting-edge strategies for navigating the complexities of the digital age while promoting trust, transparency, and accountability.
Despite the immense promise of data-driven transparency and compliance in Africa’s digital financial ecosystem, several challenges need to be addressed to maximize its impact. This includes issues like data privacy and security concerns, digital literacy, and the necessity for regulatory collaboration across borders.
“As Africa continues to embrace digital finance, it is crucial that we prioritize data trust and security to protect the interests of all stakeholders,” said Okoroigwe. “By enhancing data governance practices, we can empower regulators, financial institutions, and consumers to make informed decisions and drive sustainable economic growth.”
By utilizing the power of data, regulators can effectively monitor the activities of financial institutions, detect irregularities, and protect against fraudulent schemes, ensuring fair business practices.
From improving compliance processes to fostering regulatory collaboration across borders, the conference will explore practical strategies to address the challenges and opportunities presented by data-driven innovation in Africa.
Enhancing compliance in the digital financial ecosystem will greatly benefit Africa’s future. Through data analytics, compliance processes can be automated, reducing the burden on financial institutions while increasing accuracy and effectiveness.
Distributed by APO Group on behalf of RegTech Africa.
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Email: info@regtechafrica.com
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About RegTech Africa Conference:
The RegTech Africa Conference is the leading platform for regulatory services innovation and excellence in Africa. It brings together regulators, the regulated, policymakers, and industry stakeholders to collaborate, engage, and share knowledge on new technologies and practices that support better regulations.
For registration and more information about the 2024 RegTech Africa Conference, please visit: www.RegTechAfricaConference.com.