Business and Technology Reporter in Nairobi, Kenya
Nation Media Group
Banks in the region are confronting an uncertain future as regulators begin to warm up to financial technology (fintech) companies that are deploying frontier innovations to deliver financial services faster and at lower costs.
James Mwangi, CEO of Equity Group Holdings, one of the region’s largest multinational lenders, this week admitted that the future of banks in Africa’s financial services sector is uncertain, as fintechs rapidly eat into the market traditionally reserved for them.
