Policymakers, regulators and supervisors in emerging markets are under pressure to develop, implement and enforce policy and regulation that conforms to global best practice but is effective locally despite considerable constraints. Cenfri leverages the legal background, policymaking and regulatory experience of key team members and assists via direct regulatory development or policy guidance but more often through technical assistance and skills building.
Much of our work has been in the financial sector across Africa, Asia and Latin America. This includes an impressive “regulating for innovation” portfolio in support of financial sector regulators who are grappling with innovation or market development mandates in regulatory environments that do not effectively accommodate the range of risks presented by new financial service innovations. We also support improved digital and data governance in Africa. Examples range from creating a set of scenarios on the possible digital futures in Africa, to developing a data-sharing policy for the Government of Rwanda and researching fit-for-context open finance solutions for Africa.
Policymakers are challenged to develop policies that will have a positive social impact. For instance, input subsidies for farmers have been widely used as a mechanism to alleviate poverty in rural areas, targeting smallholder farmers. But how can policymakers be sure they are achieving the intended objectives of the policy?
Cenfri, in partnership with the GIZ I-FIN project, is providing technical assistance to the Central Bank of Jordan (CBJ). In line with Jordan’s Economic Modernisation vision to position Jordan as a fintech hub in the region, the CBJ has prioritised its objective to improve the enabling environment for fintech and
Innovation can enable insurance to become a powerful engine of growth and development across the continent, but achieving this requires that market players and regulators work together to build an ecosystem in which responsible innovation can thrive. For regulators, doing so means not only understanding the current state of innovation
Through strategic partnerships and focused initiatives, the Rwanda Economy Digitalisation (RED) programme has made significant progress in promoting data-driven decision-making in the country. I sat down with our Partnerships and Country Lead, Arlette Rwakazina, to talk about some of the achievements and challenges of the programme to date. We also
The South African Financial Sector Conduct Authority (FSCA’s) publication of their Open Finance Policy recommendations (dated March 2024) is a promising step in moving the market towards growing the data sharing ecosystem in South Africa, but has it come too late? My interest is both as a South African consumer
There’s no disputing the contribution of migrant remittances to the economic well-being of friends and family back home. For many African countries, the value of remittance flows exceeds that of foreign direct investment. However accessing the money via formal channels can be challenging for recipients who are faced with Know
Digitalisation per se has marginal impact; the crux is the way it is leveraged and implemented. We need a better understanding of how digital transformation could create welfare-enhancing societal outcomes. Where does the impact break down and why? What are the risks of negative impacts and how to manage societies’
Fintechs have the potential to significantly improve the options available to financially underserved individuals. Many fintech start-ups in Africa, however, struggle to reach the scale and level of maturity that would make them viable alternatives to the offerings from traditional financial service providers. This is particularly true for fintechs launched
COVID-19 turned some of us into virtual voyagers. We spent hours scrolling through posts of people hiking to waterfalls, adventurers crossing canopy walks, and families soaking up the sun on blue flag beaches. After one too many posts captioned “take me back”, we promised that if we ever get out
Open Finance can be defined as the sharing of consumer data between financial service providers (FSPs) and/or third-party providers on the basis of consumer consent. Improved use of data and effective data sharing can support a better functioning market by facilitating greater competition and enabling innovation within the financial sector.
Policymakers are challenged to develop policies that will have a positive social impact. For instance, input subsidies for farmers have been widely used as a mechanism to alleviate poverty in rural areas, targeting smallholder farmers. But how can policymakers be sure they are achieving the intended objectives of the policy?
Cenfri, in partnership with the GIZ I-FIN project, is providing technical assistance to the Central Bank of Jordan (CBJ). In line with Jordan’s Economic Modernisation vision to position Jordan as a fintech hub in the region, the CBJ has prioritised its objective to improve the enabling environment for fintech and
Innovation can enable insurance to become a powerful engine of growth and development across the continent, but achieving this requires that market players and regulators work together to build an ecosystem in which responsible innovation can thrive. For regulators, doing so means not only understanding the current state of innovation
Through strategic partnerships and focused initiatives, the Rwanda Economy Digitalisation (RED) programme has made significant progress in promoting data-driven decision-making in the country. I sat down with our Partnerships and Country Lead, Arlette Rwakazina, to talk about some of the achievements and challenges of the programme to date. We also
The South African Financial Sector Conduct Authority (FSCA’s) publication of their Open Finance Policy recommendations (dated March 2024) is a promising step in moving the market towards growing the data sharing ecosystem in South Africa, but has it come too late? My interest is both as a South African consumer
There’s no disputing the contribution of migrant remittances to the economic well-being of friends and family back home. For many African countries, the value of remittance flows exceeds that of foreign direct investment. However accessing the money via formal channels can be challenging for recipients who are faced with Know
Digitalisation per se has marginal impact; the crux is the way it is leveraged and implemented. We need a better understanding of how digital transformation could create welfare-enhancing societal outcomes. Where does the impact break down and why? What are the risks of negative impacts and how to manage societies’
Fintechs have the potential to significantly improve the options available to financially underserved individuals. Many fintech start-ups in Africa, however, struggle to reach the scale and level of maturity that would make them viable alternatives to the offerings from traditional financial service providers. This is particularly true for fintechs launched
COVID-19 turned some of us into virtual voyagers. We spent hours scrolling through posts of people hiking to waterfalls, adventurers crossing canopy walks, and families soaking up the sun on blue flag beaches. After one too many posts captioned “take me back”, we promised that if we ever get out
Open Finance can be defined as the sharing of consumer data between financial service providers (FSPs) and/or third-party providers on the basis of consumer consent. Improved use of data and effective data sharing can support a better functioning market by facilitating greater competition and enabling innovation within the financial sector.
