It is clear that the task is tough for the regulator in a context marked by strong technological progresses and risks’ dangerousness. I think that banking supervisor needs to put in place a legislation that encourages financial innovation; which implies that all actors earn money. At the same time, he must be vigilant and ensure that malicious entities do not take advantage of the legislation so as not to engage in fraud, which is a threat to financial stability. Very recently before the advent of the digital, the value chain was very simple because it was constituted of the company’s suppliers and its customers. Today, the platform economy, is gaining momentum in Africa, which lead to the connection between several actors around a service or an offer thanks to the digital. An entity is able to offer its products and services and those of other competing companies to customers. It can also assemble all the services and sell them to several end customers. This fundamentally changes the game and, above all, the way of functioning.
White Paper on innovation and technology at the service of finance
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