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September 30, 2023

Welcome to Emerging Tech Trends (ETT), focusing on technologies shaping the future.

In this edition,

Coinbase CEO warns against AI regulation, calls for decentralization : Coinbase CEO criticizes AI regulation, arguing it hinders innovation and competition, suggesting decentralizing and open-sourcing AI as an alternative.

Fintechs make inroads in Mexico’s Digital Economy : Mexico’s digital economy faces challenges due to low credit card penetration and a young population, prompting traditional financial institutions and fintech disruptors to target the thriving payment market

Slow diversification away from Payments, Lending Solutions in Africa’s Fintech Space : Africa’s fintech ecosystem is primarily focused on payments and lending solutions with the sector seeing a 17.7% increase in startups in 2023, raising over $2.7 bn in funding, with Nigeria leading the way.

African Development Bank, Alliance for Financial Inclusion renew partnership to advance Access to Finance for Women-led Businesses : The African Development Bank Group and AFI have renewed a project partnership to support policy and regulatory reforms to increase access to financing for women-led SMEs in Africa, as the Gender Equality Trust Fund contribute over $4 million in grant funding to the project.

TRAINING

5th Cohort Professional Certificate Training in Financial Technology(FinTech) and Innovations : From November 19-20, for the fifth time, this training is expected to power a new group of individuals and companies in FinTech Innovations through knowledge & skills set training at the Kofi Annan ICT Centre, Accra-Ghana & Online.  Click here to register 

EVENTS

Nigeria Fintech Week (NFW) 2023 : The event, spanning over 80 countries, will bring together 15,000+ financial and fintech executives to foster innovation, diversify, and embrace resilience in the financial sector, October 24 to 26

OPPORTUNITY

Africa Fintech Summit’s 6th AlphaExpo Micro-Accelerator Cohort : 15 African startups will have the opportunity to attend and exhibit at this year’s AFTS in Lusaka, Zambia on November 2-3, 2023 as VIP delegate and cohort participants will also take part in the Pitch Competition

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