National Treasury, along with the SARB, the Financial Sector Conduct Authority and the Financial Intelligence Centre (FIC), have jointly established an Intergovernmental Fintech Working Group. These are evidence of the importance being attached to staying close to and leveraging the fintech phenomenon. And this will continue to happen in a responsible and proactive manner.
We will continue to strive to keep abreast of fintech developments and endeavour to apply a balanced analysis to the fintech phenomenon, thus contributing towards a conducive environment in which fintech, regtech and suptech can thrive in support of our country’s progress and economic development for the benefit of all South Africans.