Fintech Association Of Kenya

Fintech Association Of Kenya

Financial Services

Nairobi, Nairobi 86,933 followers

The Voice of Fintech in Africa!

About us

The Fintech Association of Kenya (FINTAK) is your gateway to the forefront of Kenya & Africa's financial revolution. We are the driving force behind innovation, collaboration, and advocacy within the country's vibrant Fintech sector. Our mission is to empower businesses, individuals, and policymakers, transforming Kenya into a global leader in accessible, secure, and cutting-edge financial technology. Our Vision: Transform Kenya into a world leader in fintech innovation. We believe in the transformative power of Technology. Our vision is a Kenya where: • Consumers have unprecedented financial control and knowledge. • Businesses of all sizes thrive through seamless digital solutions. • Financial inclusion expands, leaving no one behind. • A supportive regulatory environment fuels responsible innovation. What We Do: Your Partner in Progress FINTAK is your go-to resource for fueling Fintech success in Kenya. We offer: Advocacy: 📢 Shaping policies and regulations that support the responsible growth of fintech. Collaboration: 🤝 Building a vibrant community for networking, partnerships, and knowledge transfer. Expertise: 💼 Consultancy, training, and insights to help you navigate the ever-evolving landscape. Awareness: 🌟 Promoting financial literacy and fostering wider adoption of fintech solutions. Join the Movement Whether you're a fintech startup, an established financial player, or an individual eager to learn more, FINTAK is where the action is. Become a member today and help us drive Kenya's fintech future together!

Website
https://fintechassociation.africa/
Industry
Financial Services
Company size
2-10 employees
Headquarters
Nairobi, Nairobi
Type
Nonprofit
Founded
2020
Specialties
Fintech, Payments, Blockchain, Banking, Lending, Insurance, Crowdfunding, Consultancy, Research, Real Estate, Investment, Wealth Management, Accounting and Credit Assessment, and Security and Investor protection

Locations

  • Primary

    Ngara shopping complex

    Ngara

    Nairobi, Nairobi 00200, KE

    Get directions

Employees at Fintech Association Of Kenya

Updates

  • 𝐇𝐢𝐠𝐡 𝐂𝐨𝐮𝐫𝐭 𝐔𝐩𝐡𝐨𝐥𝐝𝐬 𝐋𝐞𝐚𝐯𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐟𝐨𝐫 𝐉𝐮𝐝𝐢𝐜𝐢𝐚𝐥 𝐑𝐞𝐯𝐢𝐞𝐰 𝐢𝐧 𝐃𝐚𝐭𝐚 𝐏𝐫𝐢𝐯𝐚𝐜𝐲 𝐂𝐚𝐬𝐞 The High Court has struck out a judicial review application by Allen Waiyaki Gichuhi, ruling that applicants must still obtain leave before filing for judicial review, despite provisions in the Fair Administrative Actions Act and Article 47 of the Constitution. Justice Ngaah emphasized that the requirement for leave serves essential purposes including protecting courts from abuse of process, filtering out unmeritorious claims, and saving court time, noting that neither the Constitution nor the Fair Administrative Actions Act has repealed sections 8 and 9 of the Law Reform Act which require leave. The case also highlights the distinction between appeal and judicial review processes, with the court determining that the applicants should have filed an appeal rather than seeking judicial review, as section 64 of the Data Protection Act explicitly provides for appeals against the Data Protection Commissioner's decisions. The court further addressed the constitutionality of section 8 of the Fair Administrative Actions Act, which requires judicial review applications to be determined within 90 days, finding it potentially discriminatory against other litigants and inconsistent with the constitutional principle of equality before the law. #DataPrivacyLaw #KenyanJudiciary #JudicialReview #ConstitutionalLaw

  • 📌👏

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    621,708 followers

    On 29 November 2024, MTN hosted a gala dinner attended by key stakeholders to celebrate 30 years of impact. The celebrations were hosted under the theme: “30 Years of Impact” to underscore MTN’s three decades of connecting people, changing lives, and driving socio-economic transformation across South Africa and the African continent. We were delighted to welcome our guest of honour to the event, His Excellency, South African President Cyril Ramaphosa. #DoingGoodTogether #30yearsofMTN MTN South Africa

  • 𝐈𝐧𝐭𝐞𝐥 𝐂𝐄𝐎 𝐎𝐮𝐭 𝐚𝐬 𝐂𝐡𝐢𝐩 𝐆𝐢𝐚𝐧𝐭 𝐅𝐚𝐜𝐞𝐬 𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜 𝐋𝐨𝐬𝐬 Intel CEO Pat Gelsinger has retired effective immediately, with CFO David Zinsner and Intel Products CEO Michelle Johnston Holthaus appointed as interim co-CEOs, following a period of significant underperformance that saw Intel's stock decline 53% during Gelsinger's 3.5-year tenure while the S&P 500 gained 69%. The leadership change comes as Intel faces its first projected annual loss since 1986, with analysts expecting a $3.68 billion loss this year despite receiving an $8 billion CHIPS Act grant, and follows major setbacks including a failed $5.4 billion Tower Semiconductor acquisition and technical challenges with its 18A manufacturing process. Under Gelsinger's leadership, Intel struggled to compete in the AI chip market, lost ground to AMD in the data center segment, and saw PC chip revenue drop 25%, leading to a 15% workforce reduction and dividend suspension as part of a $10 billion cost-cutting plan. The company's performance stands in stark contrast to competitors Nvidia and AMD, which saw their stock prices surge by 28,000% and 5,000% respectively over the past decade, while Intel's stock declined 16%, making it one of the S&P's worst-performing stocks during that period. Pat Gelsinger's retirement marks a pivotal moment for Intel, a company once synonymous with semiconductor dominance but now grappling with the harsh realities of a rapidly evolving tech landscape. Gelsinger, who first joined Intel in 1979 and returned as CEO in 2021 with the mission to restore its manufacturing prowess, faced an uphill battle against a backdrop where Intel's once-vaunted process technology lead had eroded, notably with the company falling behind in the transition to smaller, more efficient chip nodes. His tenure saw ambitious plans like the IDM 2.0 strategy aimed at reviving Intel's manufacturing capabilities, but these were overshadowed by execution challenges and a failure to pivot swiftly to the burgeoning AI and cloud computing markets, sectors where competitors like Nvidia have thrived. As Intel navigates this leadership transition, the industry watches closely to see if the new co-CEOs can steer the company towards innovation in a sector where agility and foresight are no longer just advantages but necessities. #Intel #GelsingerOut #ChipIndustry #TechLosses

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  • 𝐄𝐪𝐮𝐢𝐭𝐲 𝐁𝐚𝐧𝐤’𝐬 𝐉𝐚𝐦𝐞𝐬 𝐌𝐰𝐚𝐧𝐠𝐢 𝐀𝐦𝐨𝐧𝐠 𝐖𝐨𝐫𝐥𝐝𝐛𝐚𝐧𝐤 𝐆𝐫𝐨𝐮𝐩 𝐇𝐢𝐠𝐡 𝐥𝐞𝐯𝐞𝐥 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲 𝐂𝐨𝐮𝐧𝐜𝐢𝐥 The World Bank Group has launched a High-Level Advisory Council on Jobs at its 2024 Annual Meeting in Washington, DC, assembling an impressive roster of global leaders to address employment crisis in the Global South. Co-chaired by Singapore's President Tharman Shanmugaratnam and former Chilean President Michelle Bachelet, the council will focus on creating job opportunities for an unprecedented 1.2 billion working-age adults expected over the next decade, with current projections showing only 420 million jobs available, potentially leaving 800 million without economic prospects. Among the council's distinguished members is Dr. James Mwangi, CEO of Equity Bank Limited Group Holdings, whose inclusion reflects the critical focus on Africa.  The 14-member council, meeting bimonthly for two years, brings together diverse expertise from leaders, all working to develop actionable policies for job creation and economic growth in emerging markets. #JobsForAll #WorldBank2024 #GlobalSouthEmployment #EmergingMarkets #EconomicGrowth

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  • 𝐌𝐚𝐬𝐭𝐞𝐫𝐜𝐚𝐫𝐝 𝐚𝐧𝐝 𝐒𝐌𝐄 𝐒𝐨𝐮𝐭𝐡 𝐀𝐟𝐫𝐢𝐜𝐚 𝐏𝐚𝐫𝐭𝐧𝐞𝐫 𝐭𝐨 𝐎𝐟𝐟𝐞𝐫 𝐅𝐫𝐞𝐞 𝐒𝐌𝐄 𝐖𝐨𝐫𝐤𝐬𝐡𝐨𝐩 Mastercard and SME South Africa have partnered to host a free virtual SME Workshop titled 'The New Age of Digital Entrepreneurs,' aimed at helping small businesses adapt to an increasingly digital marketplace. The initiative addresses critical challenges facing South African SMEs, which contribute 34% to the nation's GDP but struggle with limited digital adoption, with barriers including high technology costs (58.3%) and digital skills shortages (32%), particularly in non-urban areas where access to affordable and reliable internet remains a significant challenge. The workshop will feature Delivery Ka Speed founder Godiragetse Fareed Mogajane sharing insights on business innovation, alongside Mastercard executives Tania Kruger and Refilwe M. discussing digital transformation strategies and practical solutions. Operating across 20 townships from Gauteng to Limpopo, Mogajane's success in reshaping township logistics will provide useful examples of how businesses can leverage technology for growth. At the same time, the panel discussion will explore opportunities for SMEs to enhance operational efficiency and drive economic recovery through digital adoption. #SMEsInAfrica #DigitalEntrepreneurs #MastercardForSMEs #EconomicRecovery #SouthAfricaBusiness #DigitalAdoption #SMEGrowth

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  • 𝐑𝐚𝐯𝐞𝐧'𝐬 𝐁𝐚𝐧𝐤𝐁𝐨𝐱 𝐀𝐜𝐡𝐢𝐞𝐯𝐞𝐬 𝟏,𝟕𝟑𝟒% 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐔𝐬𝐚𝐠𝐞 Raven's BankBox, Nigeria's first portable payment device, has grown with a 1,734% increase in usage during 2024, transforming the country's payment landscape with its contactless payment solution designed for SMEs and Other Financial Institutions.  The device supports transactions under NGN15,000 without PIN entry in compliance with Central Bank of Nigeria regulations, while offering compatibility with major banks and fintech platforms including Access Bank Plc, GTBank, UBA, Zenith Bank Plc, and digital payment services like Kuda, PalmPay, and OPay. #Nigeria #ContactlessPayments #FintechInnovation #RavenBankBox #NigeriaTech #DigitalEconomy

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  • 𝐒𝐜𝐡𝐧𝐞𝐢𝐝𝐞𝐫 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐚𝐧𝐝 𝐈𝐦𝐞𝐗𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐋𝐚𝐮𝐧𝐜𝐡 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐌𝐨𝐝𝐮𝐥𝐚𝐫 𝐃𝐫𝐢𝐯𝐞 𝐒𝐲𝐬𝐭𝐞𝐦 Schneider Electric and Imexolutions Ltd have unveiled the Altivar™ Process Modular Drives, an advanced low-voltage drive system with capacities from 110 kW to 2600 kW, designed to enhance industrial energy management and automation. The partnership, announced by Schneider Electric's Country President Ifeanyi Odoh, aims to accelerate growth in East Africa by combining ImeXolutions' local expertise in electrical infrastructure with Schneider's global technological capabilities to reduce lead times and improve industrial efficiency. The collaboration focuses on delivering digitized solutions that enhance productivity and meet evolving customer needs in today's industrial environment, as ImeXolutions' Managing Director Shinu Vattathara emphasized. Former Kenya Association of Manufacturers Chairman Rajan Shah highlighted the initiative's importance in keeping Kenyan industries competitive and resilient through technological advancement, with the new drive system offering real-time data management and enhanced connectivity for improved process performance and asset management. #IndustrialEfficiency #EnergyManagement #SmartAutomation #KenyanManufacturing #SchneiderElectric #ImeXolutions

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  • 𝐒𝐚𝐟𝐚𝐫𝐢𝐜𝐨𝐦 𝐑𝐨𝐥𝐥𝐬 𝐎𝐮𝐭 𝟓𝐆 𝐔𝐩𝐠𝐫𝐚𝐝𝐞 𝐟𝐨𝐫 𝐒𝐌𝐄𝐬 Safaricom PLC Business arm has enhanced its 5G for Business offering to provide SMEs with faster connectivity, promising speeds five times higher than current levels to support real-time collaboration and seamless operations. The announcement, made during the 'Grow with Safaricom Business' Western Kenya edition as part of the Sambaza Furaha na Safaricom Caravan, includes a promotional 25% discount on all 5G plans for businesses signing up between November 29th and December 31st, 2024. According to the Kenya Institute of Public Policy, Research and Analysis, the initiative aims to support Kenya's 7.4 million MSMEs, which employ approximately 14.9 million people and contribute 30% to the country's GDP. As Safaricom CEO Dr. Peter Ndegwa C.B.S emphasized, this upgrade will enable SMEs to access enterprise-grade internet performance at affordable rates, improving their productivity and customer interactions in a fast growing digital marketplace. #5GForBusiness #KenyaSMEs #DigitalTransformation #FastInternet #SafaricomBusiness

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  • 𝐒𝐭𝐚𝐧𝐛𝐢𝐜 𝐚𝐧𝐝 𝐊𝐁𝐋 𝐭𝐨 𝐓𝐚𝐜𝐤𝐥𝐞 𝐂𝐥𝐢𝐦𝐚𝐭𝐞 𝐂𝐡𝐚𝐧𝐠𝐞 𝐰𝐢𝐭𝐡 𝐓𝐫𝐞𝐞 𝐏𝐥𝐚𝐧𝐭𝐢𝐧𝐠 𝐃𝐫𝐢𝐯𝐞 Stanbic Bank Kenya and Kenya Breweries Limited (KBL) have partnered to accelerate Kenya's green economy, committing to plant 1 million trees over the next five years as part of Kenya's ambitious goal to plant 15 billion trees by 2032. The collaboration builds on Stanbic's substantial commitment to sustainability, demonstrated by their USD 122 million investment in green facilities in 2023, and will focus on environmental stewardship through tree planting, regenerative agriculture training, sustainable water use practices, and alternative livelihood development programs across Kenyan communities. The initiative Led by Stanbic Bank Kenya's CEO Dr. Joshua Oigara and KBL's Managing Director Mark Ocitti Ongom, leverages both organizations' environmental expertise and track records, with KBL having already planted over 1.5 million trees through EABL in the past decade. The initiative aims to create environmental and socioeconomic impact through job creation, carbon emission reduction, and natural habitat restoration, while addressing environmental challenges such as protecting Kenya's vital water towers and promoting sustainable development practices. #Sustainability #GreenKenya #TreePlanting #ClimateAction #stanbicbank #kbl

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  • 𝐄𝐘 𝐭𝐨 𝐚𝐱𝐞 𝟏𝟓𝟎 𝐬𝐞𝐧𝐢𝐨𝐫 𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐧𝐭𝐬 𝐚𝐬 𝐝𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠 𝐰𝐢𝐭𝐡𝐞𝐫𝐬 EY is cutting 150 roles in its UK consultancy division and replacing consulting managing partner Benoit Laclau amid weakening consulting services demand, with cuts targeting higher-paid positions below partner level in the 4,700-strong unit. The firm reported its lowest annual revenue growth in 14 years at 3.9%, with UK consulting and strategy revenues down 4% and transactions revenue dropping 13%. The moves reflect broader challenges across Big Four firms (KPMG, PwC, Deloitte, and EY) as they reverse pandemic-era hiring amid reduced client spending. EY UK, which employs 20,000 people, faces additional pressure from government plans to cut consultant spending by £1bn over two years. These challenges await incoming UK leader Anna Anthony, the firm's first female chief, who takes over in January. The restructuring comes as management consulting demand weakens following the Covid-19 boom period

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