The Monetary Authority of Singapore Partners with Central Bank of Kenya on “Afro-Asia Fintech Festival”

Following the success of the state-sponsored Singapore Fintech Festival, the Monetary Authority of Singapore (MAS) has partnered with the Central Bank of Kenya (CBK) to launch a new event – the inaugural Afro-Asia Fintech Festival. The conference will take place in Nairobi this coming July.

Jointly organized by the two central banks, the Festival is said to provide a platform for connections, collaborations and exchange of ideas on Fintech between Africa and Asia..

Labeled “Fintech in the Savannah”, the theme of the event is “Sustainable Finance: Inclusive and Green”.

The Festival will see discussions around three key topics:

  •  “Technology for Tomorrow”, which discusses issues in artificial intelligence (AI) and big data; cybersecurity, technology risks, and Regtech;
  • “Social Impact”, which looks at impact investing1 as well as micro, small and medium enterprise financing;
  • “Spirit of Innovation”, which explores the evolution of mobile financial services, Insurtech, and Digital Pension.

Dr. Patrick Njoroge, Governor of the CBK, said the bank is honored to partner MAS in co-creating a unique platform for policy-makers, technology entrepreneurs, financial industry leaders, and other players to come together and tap their diverse knowledge and experiences.

“Cross-border cooperation is increasingly important as global problems cannot be resolved in isolation. We need to come together as a global community to learn from each other and co-create solutions that will improve the lives of our people.”

Ravi Menon, Managing Director of MAS, said that some of the most exciting developments in technology-enabled financial inclusion are happening in Africa and Asia.

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