BFA's Policy and Ecosystem Development practice supports policymakers, regulators and supervisors as they face an increasingly complex and data-rich market for financial services. We help our clients throughout the policy cycle; from policy design and implementation through impact evaluation.
To enable evidence-informed policy making, we conduct research to develop technology-enabled solutions for the collection, analysis and use of data by financial authorities. We do so to foster innovation and create competitive markets while ensuring that consumers are treated fairly. This area of work is informed by the customer and business value propositions, and the emerging fintech world through collaboration with other BFA areas of expertise.
Partnering with leading financial authorities in the Philippines and Mexico to prototype RegTech and SupTech solutionsView Project
BFA is working with the Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System Plc (NIBSS) to redesign their data infrastructure converting voluminous raw data into easily digestible insights.View Project
Policy and Ecosystem Development helps financial authorities make informed decisions and improve the efficiency and effectiveness of policy-making. By aiding policymakers, regulators, and supervisors to better understand the financial inclusion marketplace and the needs of providers and consumers, we help them to create a conducive business environment that fosters innovation while ensuring fair treatment of customers, and to provide all stakeholders with a clear vision of the future of inclusive financial systems.
This assessment can assist in determining the change effected by regulation/policy and isolating the right variables to achieve the objectives.
BFA conducted a study for UNCDF on Know-Your-Customer (KYC) Requirements for Digital Financial Services in Uganda.
This Diagnostic Report shows Ghana has taken important steps toward digitizing its economy, and has several of the building blocks of an inclusive digital ecosystem already in place.
This diagnostic was carried out to map the landscape of payments of the Government of the Republic of Zambia and to identify which payments are made in cash and what proportion is digitized.
Reform for governments to consider in order to create a holistic and multi- dimensional ecosystem for FinTech innovation.