RegTech Africa confab to bridge data trust gap for economic growth

The RegTech Africa Conference 2024 is primed to illuminate the transformative imaginable of information governance successful Africa’s economical landscape.

Scheduled to convene connected May 23 and 24, 2024, astatine the Lagos Oriental Hotel, the flagship lawsuit volition stitchery luminaries, policymakers, and manufacture titans to illustration a people toward unlocking Africa’s existent prosperity.

In an epoch defined by the accelerated proliferation of information postulation and analytics, African governments basal poised to leverage these technological advancements to bolster regulatory frameworks and thrust economical inclusion.

With Saharan Africa starring the complaint successful Mobile Money usage, boasting a staggering 218 cardinal progressive accounts according to GSMA’s State of the Industry Report connected Mobile Money 2023, the portion stands astatine the forefront of a integer fiscal revolution.

CEO of RegTech Media, the organising assemblage down the conference, Cyril Okoroigwe, said the imaginable interaction of information postulation and aggregation successful Africa’s integer fiscal ecosystem is profound.

“However, to afloat harness the powerfulness of data, strides indispensable beryllium made successful information extortion and sovereignty. The 2024 RegTech Africa Conference serves arsenic a pivotal level for manufacture stakeholders to converge, collaborate, and code these pressing challenges.”

Central to the league docket is the imperative of enhancing the exertion of information technologies by regulators to cement maturation and thrust fiscal inclusion successful the region.

Data, arsenic an plus successful immoderate fiscal ecosystem, tin empower consumers, policymakers, and fiscal work providers alike by fostering transparency and informed decision-making.

“By harnessing the powerfulness of data, regulators tin efficaciously show fiscal activities, observe irregularities, and safeguard against fraudulent schemes,” Okoroigwe emphasised.

“Moreover, data-driven compliance offers a streamlined attack that not lone enhances ratio but besides ensures a safer and much unafraid situation for consumers.”

While the committedness of data-driven transparency and compliance successful Africa’s integer fiscal ecosystem is substantial, respective challenges indispensable beryllium addressed to maximise its impact.

These see information privateness and information concerns, integer literacy, and the imperative of regulatory collaboration crossed borders.

With a stellar lineup of speakers from crossed the globe and the enactment of cardinal partners and sponsors, the 2024 RegTech Africa Conference is poised to catalyse dialogue, innovation, and actionable strategies for bridging the information spot spread and unlocking Africa’s prosperity.