Financial technology often referred to as fintech, has become an integral part of the Kenyan financial ecosystem. Emerging fintech, including mobile money transfer platforms, digital lenders, and payment service providers, are redefining how financial institutions deliver services in an industry long defined by slow innovation.
However, the fast growth and the increasing importance of fintech services come with system-wide risks that require updated supervision policy frameworks. The innovation has brought unintended risk for financial firms and their customers.
