The African FinTech Trends and Blockchain Innovation

Proceedings of the Federated Africa and Middle East Conference on Software Engineering Pub Date : 2022-06-07 DOI:10.1145/3531056.3542759

Ahmed S. Elsheikh

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Abstract

The financial services industry is one of the highly impacted industries within the digital economy due to the “Digital Transformation” wave derived by the “Disruptive Emerging Technologies”. “FinTech” is the current dominating trend describing the role played by these technologies in the financial services industry. However, the rapid pace of innovation in FinTech is so challenging and currently is disrupting financial business models. Furthermore, emerging markets in Africa are facing sever challenging situation after COVID19. This creates a great pressure on the African software companies as well as the African financial institutions to investigate this rapidly evolving innovation trends either to exploit the opportunities that can help overcoming post-COVID19 challenges. This tutorial explains the technical and business aspects associated with managing innovation in the African FinTech sector and the critical role that Blockchain technology can play to advance FinTech software innovation. The tutorial will cover the following topics: (1) Introduction To FinTech Definitions & Concepts, (2) FinTech Ecosystem in Africa and the Current African Landscape, (3) African FinTech Trends and Related Enabling Disruptive Technologies, and (4) The Role of Blockchain Technology in FinTech Software Innovation

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非洲金融科技趋势和区块链创新

由于“颠覆性新兴技术”引发的“数字化转型”浪潮，金融服务业是数字经济中受冲击最大的行业之一。“金融科技”是当前的主导趋势，描述了这些技术在金融服务行业中所扮演的角色。然而，金融科技的快速创新步伐是如此具有挑战性，目前正在破坏金融商业模式。此外，新冠肺炎疫情后，非洲新兴市场面临严峻挑战。这给非洲软件公司和非洲金融机构带来了巨大压力，要求它们调查这一快速发展的创新趋势，要么利用有助于克服covid - 19后挑战的机会。本教程解释了与非洲金融科技部门管理创新相关的技术和业务方面，以及区块链技术在推进金融科技软件创新方面可以发挥的关键作用。本教程将涵盖以下主题:(1)金融科技定义和概念介绍，(2)非洲金融科技生态系统和当前非洲景观，(3)非洲金融科技趋势和相关的颠覆性技术，以及(4)区块链技术在金融科技软件创新中的作用

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Proceedings of the Federated Africa and Middle East Conference on Software Engineering

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