A Pulse On Africa’s Forward Fintech Journey
The exchange and storage of value has been part of Africa’s story across its communities from time immemorial. The models and mediums that powered trade in both goods and services have come a long way from those early days with the formalization of institutions to carry out these functions. This has led to the establishment of the modern-day banking institution, heavily informed by the ways of the west and the east. The once-ageless institution of banking is now seemingly under siege. The mix of customer-led demand and ubiquity of technology, causing tectonic shifts that have seen many modern-day banks flat line, with years of unfettered, easy growth and super profits coming to an end.
Speaking to a mix of financial industry veterans looking to save ship or chart new waters and techpreneurs looking to up-end it all, it becomes apparent that banking and financial services are the hot ticket. Everyone is looking into the proverbial crystal ball, keen to see the future, and invest in a series of homeruns as the market becomes more sophisticated from a technology and consumer profile perspective.
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