On July 28, 2023, industry leaders, policymakers, and academic experts gathered at the Radisson Blu Upper Hill for the 2nd ICC Kenya Banking Commission Conference Forum. The conference “The Convergence of Banking and Innovation: A New Era of Fintech and Growth” sought to foster collaboration and dialogue to shape the future of the financial industry.
Our Managing Partner, Sheila Cadogan, was a distinguished panellist who led the discussion on “Anti-money Laundering and Compliance in the Fintech Sector.” Her insights underscored the critical role of compliance in the Fintech space and the challenges that innovation brings, particularly concerning anti-money laundering measures.
Key Takeaways
Collaboration is Key
A strong emphasis was placed on the necessity of collaboration between academia, industry leaders, and policymakers. This tripartite partnership is essential for steering the financial industry towards a seamless future where banking and innovation merge.
The Rising Importance of Fintech
Recognising the increasing significance of Fintech within the banking sector, discussions centred around integrating technology for sustainable growth and efficiency. It was evident that the convergence of these fields holds immense potential for driving industry advancements.
Compliance Amidst Innovation
Ms Cadogan’s panel highlighted the intricate balance between fostering innovation and ensuring stringent compliance. Her dialogue illuminated the sector’s ongoing efforts to combat money laundering while navigating the regulatory challenges accompanying technological advancements.
Moving Forward
The 2nd ICC Kenya Banking Commission Conference Forum was a resounding success, offering valuable insights and fostering connections that will shape the industry’s future. We remain committed to supporting and participating in such pivotal events, contributing our expertise and fostering collaborations that drive growth and innovation.
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