Kwame Oppong, director of fintech innovation at the Bank of Ghana, narrate the Bank’s of Ghana regulatory journey. The institution established the fintech and innovation office to drive the Bank’s cash-lite, e-payments, and digitalisation agenda to provide focused and dedicated support for the growth of fintech as a critical sub-sector in the national digitalisation and financial inclusion agenda, ensure that regulatory requirements and compliance framework are proportionate to fintech operations and finally, to promote the safety, efficiency and integrity of fintech by establishing an appropriate supervisory framework, building relevant regulatory capacity and conducting regular supervisory activities.
Powering the paradigm shift in financial supervision: the Cambridge SupTech Lab Innovation Leadership Programme
This new era of data abundance and mass adoption of digitally native financial products has intensified existing risks and introduced new ones, widening the gap between financial authorities’ duty of oversight and their ability to fulfil their mandate. While...