#RegTechRevealed went international this week as our advisory board member Sarah Sinclair shone a spotlight on Africa in speaking with the brilliant Nolwazi Hlophe who is the deputy director of financial regulation and supervision at Digital Frontiers based in South Africa.
Nolwazi began her career working for the Central Bank of Eswatini working in the financial stability unit, before moving to manage their fintech unit in 2018. In this unit, the team established the sandbox guidelines and ran a fintech challenge where they saw a number of entrants submit some regtech soutions. She gave them guidance on how to refine their solutions to make them more fit for purpose for the context of the central bank. After the central bank, Nolwazi joined Cenfri, working in the risk, remittances and integrity programme. She worked on payments projects, including regulating for innovation in Malawi, working closely to make processes more efficient, from data collection to enhancing internal processes. Now, she is with Digital Frontiers and feels she has unleashed her full passion for regtech where she is a teacher, as the lead of all their regulatory courses for a range of students from the regulators and private sector firms. Soon, they'll launch a course that is only for regulators to showcase the capabilities of technologies for supervision.
The discussion touched on the amazing technologies in the market that are still not being adopted meaning, as just one example, financial crime is such a big issue. There is a gap between the amount of technology that is available and the amount of benefit that can be achieved by deploying it.
Do listen in to the full fireside discussion by clicking on the link below: