Regulation of fintech needs to promote stability, innovation

When KCB Bank Group Chief Operating Officer Samuel Makome took former President Uhuru Kenyatta through the different technology innovations under KCB Group during the official opening of the Afro Asia Fintech Festival held at the Kenya School of Monetary Studies. [File, Standard]

East Africa has long been celebrated as a beacon of innovation in the global fintech landscape.

The region's ascent has been driven by the same key disruptions reshaping the financial services industry worldwide such as the use of alternative data, peer-to-peer transactions and the rise of non-traditional financial players.