The first African Islamic FinTech platform paving the way between companies and the African financial institutions
The booming FinTech industry is capturing traditional market share with its approach and is giving rise to an impressive array of new startups touching on services from payments to financing, asset management, insurance, and advice. Many calls for financial services companies have been made to tie up with FinTech companies to leverage on their penetration levels, rather than compete head-on. In Africa, the potential disruptions of technology to the Islamic finance sector cannot be underestimated.
Encouragingly, we are seeing an increasing number of FinTech startups, innovation labs and incubators based on the values and principles of Islamic finance. However, they are not as visible and omnipresent as their conventional peers.
The 4th Africa Islamic Finance Forum (AIFF) will explore how the convergence of FinTech and Islamic finance is contributing to the growth of the Islamic African economic system and how FinTech is the key to capturing the next generation of African Islamic digital economy customers. It represents the first African Islamic fintech platform, paving the way between Islamic FinTech companies (i.e. Startups) and the African financial institutions. It will host the P.O.C (proof of concept) of exciting new Islamic FinTech solutions such as i-trade: the first blockchain-based, ALM platform. For innovators - it will provide access to finance and exposure; the ideal platform that transforms ideas into real projects.
Led by senior decision-making experts, the 4th Africa Islamic Finance Forum conference programme will look at the huge opportunities in Africa and address the challenges facing the industry.