African countries leveraging data for regtech
IMF paper shows countries are looking at how to use tech to streamline supervision processes
Sub-Saharan African countries are beginning to leverage regulatory data to improve their supervisory processes, according to a research paper published by the International Monetary Fund.
The paper, Fintech in Sub-Saharan African countries: a game changer?, notes the National Bank of Rwanda already uses an electronic data warehouse to automate and streamline reporting processes for the supervision of more than 600 financial institutions.
“Data can be automatically pulled every 24 hours or even
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