CIO East Africa on Open Banking – Myriad Connect is featured
““In developed nations, fintech is helping transform the existing financial services landscape, where in Africa it is about bringing financial services to large sectors of the population who have never had access to financial services before. Open Banking can play a unique role in this,” says Willie Kanyeki, Myriad Connect Business Development Director – Africa.
“Open Banking will drive transformation in digital financial services by simultaneously empowering consumers to own and share their data and enabling financial service providers to leverage this data to deliver enhanced capabilities to the marketplace.”
Willie believes that many banks and fintechs already have a closer working relationship in East Africa than those in Europe, for example, positioning them to move quickly to an Open Banking environment across the East African financial services ecosystem.”
Read the full story on CIO East Africa here.