Nigeria FinTech Landscape - Impact Assessment
Global FinTech Landscape - Enablers
The growth of these FinTech ecosystems has been enabled by 5 key factors (1/3)
Enablers
Initiatives
Financial
1 services
regulation
Regulatory Sandbox
Problem statements to
address industry pain-
points
Pricing interventions
Fostering data sharing
Unbundling licensing
Description
■
Environments that relax specific
regulatory and legal requirements to
allows FinTech test
Developing and publicizing initiatives
to encourage innovative solutions to
financial services industry problems
Examples countries with successful
implementation
Singapore
▪ UK
Hong Kong
■
Singapore
◉
Hong Kong
☐
Reduction in tariffs and pricing to drive ▪ India
customer adoption of digital products
Encouraging/mandating sharing of
customer data between various parties
in the financial services industry
■Issuance of tiered licenses
proportionate to scale of activities
■ UK
◉
Germany
Ireland
Singapore
India
EFINA
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