Finnovation Africa: Ethiopia 2017 – A Powerful Purpose

As a result of their potent blend of trail-blazing technology and disruptive innovation, FinTech players have the ability to accelerate the digital transformation of financial services in Africa and, in turn, further spur the major existing banks to rapidly ramp-up their own innovative approaches to meet the financial needs of under-served markets across the continent. FinTech players are increasingly becoming an important part of the fabric of Africa’s financial services industry. In addition, the leading banks on the continent are now harnessing innovative technology to meet market needs and are also collaborating with FinTech start-ups to better connect with under-served consumers, improve financial inclusion and provide a platform to scale much faster.