Christoff Pienaar and Analisa Ndebele- Open Banking and Emerging Trends in Fintech at Digital Finance Africa 2023, 02 August 2023.

1. OPEN BANKING AND EMERGING TRENDS IN FINTECH
Christoff Pienaar and Analisa Ndebele
02 August 2023

2. 2
OPEN FINANCE IN SOUTH AFRICA
Copyright © Webber Wentzel. All rights reserved.
Market use-cases
o Payments;
o Digital Banks;
o Account Aggregation;
o Alternative lending; and
o Insuretech
Risks to Open Finance
o Data privacy misuse and breaches
o Cybersecurity risks
o Customer adaptation
o Complexity and funding of development
Regulatory proposals
o Exploring potential for a phased mandatory
regulatory regime for Open Finance and
tailored regulatory oversight over participants

3. 3
EMERGING TRENDS IN FINTECH
Copyright © Webber Wentzel. All rights reserved.
CRYPTO CURRENCY
CRYPTO ASSETS DECLARED
A FINANCIAL PRODUCT
CRYPTO ASSET SERVICE PROVIDERS
LISTED AS ACCOUNTABLE
INSTITUTIONS
EXCHANGE CONTROL AND CROSS
BORDER CONSIDERATIONS
TECHNOLOGY
DIGITISATION OF TRADITIONAL BANKING
SERVICES THROUGH CHALLENGER BANKS,
NEOBANKS, BETA BANKS AND OTHERS
LEVERAGING BLOCKCHAIN
TECHNOLOGY FOR OTHER USE CASES
EXPLORING OPPORTUNITIES FOR
A RAND BACKED DIGITAL
CURRENCY
FINANCIAL INCLUSION
ESG
INNOVATION CAPITALISING
ON ESG OPPORTUNITIES
EXPLORING OPPORTUNITIES FOR
A RAND BACKED DIGITAL
CURRENCY
INTRODUCTING A RAPID
PAYMENTS PROGRAMME INTO
THE SOUTH AFRICAN MARKET VIA
PAYSHAP
SANCTIONS COMPLIANCE
ONGOING ANTI-MONEY
LAUNDERING AND COMPLIANCE
CONSIDERATIONS
OTHER MARKETS
FINTECH IN AFRICAN MARKETS
AND GEOPOLITICAL INFLUENCES

4. 4
TRENDS IN OPEN BANKING
Copyright © Webber Wentzel. All rights reserved.
What is the future
of FinTech?
Upcoming changes Investment trends
Exchange Control
and FinTech

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