FinTech Growth and Public Policy Implications - Bukar Kyari

If you're not a techy, you should encourage your younger ones because in the next 10-20 years it will be a jolly ride. 

I encourage innovation, competition, and creativity.

Sometimes, government do not necessarily have to invest but have to make the environment easy for domestic and international players to penetrate.

The big data presented from the switch of time simply makes the future of tech interesting. 

The data trails that will lead digitally, will be a determined powerful force in the FinTech industry.

Over 66% FinTech companies are run by women. 

When you bring in transparency, it kills inadequacies the markets provide. 

The Government has a duality of purpose for them to embrace digital technology and be a catalyst in the ecosystem. 80% of Kenyans have a mobile money account but less of that figure has a bank account.

It will be mind-blowing if 50% of Nigerians have a mobile money account. (The FinTech ecosystem should be a sector for growth and productivity.)

Roles of Public Policy Makers

1. Build or building a resilient digital infrastructure. (If government can't, then we have to collaborate to achieve such goal). Even though we sometimes see ourselves as competitors we are not. The pie is enough for us all. 
2. National digital infrastructure is essential. We need to push on making sure NISC is capturing us.
3. The business environment must be safe for all key holders to play a major role. 
4. Within the regulatory environment, there must be a strong depth tech personnel amongst them. 

I do believe the economic prospect such as Nigeria will be far brighter if more business individuals have access to the right policies. 

Fintech has a great prospect in a manner that optimized opportunities and discourages deficiency.