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.
Does this situation sound familiar? A development program runs its course, generating lots of intriguing insights and impacts – and experiencing its fair share of setbacks. These successes and failures could provide useful guidance to other initiatives. But once the program is over and the funders and implementers have moved
In recent years the platform economy has rapidly transformed various economic sectors such as hospitality, ecommerce and transportation. One of the most important subsectors of the platform economy is e-hailing. E-hailing platforms connect passengers and drivers of cars, taxis or any other form of transportation using virtual devices such as
This focus note aims to equip regulators with a decision framework that illustrates the available tools required to regulate for innovation. Why is it necessary to regulate for innovation? Digital innovation is changing the nature of financial markets. Innovation can create opportunities, enhance efficiencies, increase competition, drive scale, and improve
What could Africa look like in 2048? The digital revolution is gaining ground across Africa. Ambitions around an increasingly digital and connected Africa, underscored by accelerated digitalisation in response to COVID-19 and technological change, have profound implications for life on the continent. These scenarios for Africa’s digital future aim to
Exploring Africa’s digital-platform economy and financial services The digital-platform economy and its potentially disruptive qualities have been a source of excitement and anxiety globally. In the African context, this debate has taken place largely in the absence of information on the size and nature of platform players. This focus note
Insights from an expert workshop on the potential of African digital platforms to influence development African digital platforms are giving rise to new financial needs; creating and bridging barriers to financial and economic inclusion; and revolutionising the informal economic activities of merchants and individuals. These platforms can have both positive
The past decade has seen the emergence of digital platforms. These digital platforms (also known as multi-sided platforms[1]) connect buyers and sellers of goods and services and allow them to seamlessly transact with one another. They are providing new ways for workers, micro, small and medium enterprises (MSMEs), and consumers
Paul Damalie, CEO of Inclusive Innovations Inc., and winner of the Ghana leg of DataHack4FI Season 2, explains how he is growing his digital identity business. You started the business in 2016. Tell us about your journey in building an African identify solution. After completing high school, I joined an insurance
As societies and economies change, so should the financial products that serve them The insight2impact facility in partnership with Research ICT Africa have created this series of infographics to describe their key findings on multi-sided platforms as part of the exploration on the rise of African digital platforms, and the individuals
The role of insurance regulators in dealing with risks relating to consumer data protection and privacy Data innovation is challenging the traditional role of insurance regulators. Two major dilemmas emerge that insurance regulators and indeed all financial sector regulators face when confronted with how to regulate consumer data: They must
Does this situation sound familiar? A development program runs its course, generating lots of intriguing insights and impacts – and experiencing its fair share of setbacks. These successes and failures could provide useful guidance to other initiatives. But once the program is over and the funders and implementers have moved
In recent years the platform economy has rapidly transformed various economic sectors such as hospitality, ecommerce and transportation. One of the most important subsectors of the platform economy is e-hailing. E-hailing platforms connect passengers and drivers of cars, taxis or any other form of transportation using virtual devices such as
This focus note aims to equip regulators with a decision framework that illustrates the available tools required to regulate for innovation. Why is it necessary to regulate for innovation? Digital innovation is changing the nature of financial markets. Innovation can create opportunities, enhance efficiencies, increase competition, drive scale, and improve
What could Africa look like in 2048? The digital revolution is gaining ground across Africa. Ambitions around an increasingly digital and connected Africa, underscored by accelerated digitalisation in response to COVID-19 and technological change, have profound implications for life on the continent. These scenarios for Africa’s digital future aim to
Exploring Africa’s digital-platform economy and financial services The digital-platform economy and its potentially disruptive qualities have been a source of excitement and anxiety globally. In the African context, this debate has taken place largely in the absence of information on the size and nature of platform players. This focus note
Insights from an expert workshop on the potential of African digital platforms to influence development African digital platforms are giving rise to new financial needs; creating and bridging barriers to financial and economic inclusion; and revolutionising the informal economic activities of merchants and individuals. These platforms can have both positive
The past decade has seen the emergence of digital platforms. These digital platforms (also known as multi-sided platforms[1]) connect buyers and sellers of goods and services and allow them to seamlessly transact with one another. They are providing new ways for workers, micro, small and medium enterprises (MSMEs), and consumers
Paul Damalie, CEO of Inclusive Innovations Inc., and winner of the Ghana leg of DataHack4FI Season 2, explains how he is growing his digital identity business. You started the business in 2016. Tell us about your journey in building an African identify solution. After completing high school, I joined an insurance
As societies and economies change, so should the financial products that serve them The insight2impact facility in partnership with Research ICT Africa have created this series of infographics to describe their key findings on multi-sided platforms as part of the exploration on the rise of African digital platforms, and the individuals
The role of insurance regulators in dealing with risks relating to consumer data protection and privacy Data innovation is challenging the traditional role of insurance regulators. Two major dilemmas emerge that insurance regulators and indeed all financial sector regulators face when confronted with how to regulate consumer data: They must
