Financial Technology Law and Regulation in Africa

Iwa Salami is a Professor of Financial Law and Regulation at the School of Business and Law, University of East London (UEL). She is also the Director of the Centre of FinTech at UEL.She has published extensively in the field of financial and FinTech regulation and has advised governments, including in Europe and Africa, on this subject. She has sat on national and international policy forums on the future of finance and money, which have resulted in the drafting of national and international regulation and standards. She is currently a member of the Bank of England and HM Treasury, Central Bank Digital Currency Academic Advisory Group.

• Foreword by Bitange Ndemo 1. Financial technology developments in Africa: Regulatory theories and the regulatory landscape 2. Mobile financial services in Africa: Regulatory framework and future prospects 3. Crowdfunding in Africa: Regulatory framework and future prospects 4. Digital currencies in Africa: Regulatory framework and future prospects 5. Challenges and approaches to regulating decentralised finance in Africa: Reflections on open banking and finance regulation 6. Future of financial technology and innovation in Africa. Concluding Remarks.

"Professor Salami has delivered a masterpiece: a rigorous introduction and overview of FinTech, paired with a groundbreaking assessment of financial regulatory approaches in Africa. A must read for anyone grappling seriously with what innovation means in emerging markets."Chris Brummer, Agnes Williams Sesquicentennial Professor of Financial Technology; Georgetown University Law Center"Iwa Salami's Financial Technology Law and Regulation in Africa brilliantly bridges the gap between the burgeoning potential of FinTech and the complex regulatory environments across Africa, making it an essential read for anyone involved in the continent's financial sector. This book is a treasure trove of insights, offering a roadmap for policymakers, investors, and entrepreneurs alike to harness FinTech's power for driving inclusive growth and sustainable development."H. Tomi Davies (TD), Collaborator-in-Chief, TVCLabs; Founding President, the African Business Angel Network (ABAN); Board Member, the Global Business Angel Network (GBAN)“This book provides an essential guide to regulatory approaches around different areas of FinTech across the African continent. With a fast-moving market and the challenges this brings, this book helps to identify best practices in the field of regulation as well as pointing to the need for cross-industry and regulator collaboration, experimentation and testing. A critical contribution to Africa’s FinTech journey!”Ruth Wandhöfer, Visiting Professor Bayes Business School (City University London), NED, Author, Speaker, Adviser“The financial technology revolution is in full swing globally. Notwithstanding the stylised digital divide between north and south, some African countries are making phenomenal strides in accelerating the pace of development in the financial technology space and associated regulatory issues. In this context, Iwa Salami’s book Financial Technology Law and Regulation in Africa is a timely and highly valuable contribution to understanding the dynamics of the financial technology space in Africa and how regulators are coping. Absolutely essential reading for policy makers and practitioners.”Victor Murinde, AXA Professor in Global Finance, SOAS University of London.