Mobile financial services revolution A very exciting area of focus for Kenya and other similarly-situated countries is mobile financial services (MFS), where the Central Bank has played a critical role in promoting financial inclusion through the regulation of these services. Specifically, the CBK facilitated the rollout of innovative products driven by mobile phone technological platforms that are integrated with banking platforms.
How many of the overall list can be used and how much will depend on the resources available to develop and maintain them. But the investment in the analytical toolkit is likely to be significant. I expect most authorities having to develop a macro-prudential supervisory function to extend or reallocate resources in order to meet these requirements.