The first is an appraisal, from a central banking perspective, on the fintech phenomenon, given that we as the South African Reserve Bank (SARB) have been closely observing what has been happening in this space. Second, I would like to reflect on fintech’s potential to advance our South African migration towards a digital economy by reviewing some select examples from a few countries.
As a result, participation has thus far been low. In response to these concerns, the board of the H4H program – on which Governor Duke represents the Federal Reserve – recently approved a number of changes, using the authority granted to it under the Emergency Economic Stabilization Act (EESA).