•  Further, the Central Bank together with other stakeholders is working on a legal framework that will enable banks to carry out branchless banking through the use of third party agents such as SACCOs, microfinance institutions and retail outlets in order to enable Kenyans to access financial services with ease.
Acknowledging the need for a common legal framework to regulate the use of artificial intelligence, last year the European Commission began discussions on its definition. Specific provisions on the financial sector are contained in the framework proposal, which will help ensure an increasingly intensive yet balanced use of the applications developed by industry.