assaf.author.orcid	Jansen, Jonathan [0000-0002-8614-5678]	en_ZA
assaf.author.orcid	Lawack, Vivienne [0000-0001-5436-8650]	en_ZA
assaf.author.orcid	de Koker, Louis [0000-0003-0120-6150]	en_ZA
assaf.author.orcid	Georg, Co-Pierre [0000-0002-6403-941X]	en_ZA
assaf.peer-review.status	Non-Peer Reviewed	en_ZA
assaf.youtube.embedcode	src="https://www.youtube.com/embed/Vokph1gYhVo?si=gkEOtwYmDlWxJihu"	en_ZA
dc.contributor.author	Academy of Science of South Africa (ASSAf)
dc.date.accessioned	2023-11-07T09:12:38Z
dc.date.available	2023-11-07T09:12:38Z
dc.date.issued	2023
dc.description	MP4 Video; Size: 419MB; Duration: 1:09	en_ZA
dc.description.abstract	The concept of ‘money’ and the world of financial services and products have undergone a remarkable transformative evolution since the Global Financial Crisis, propelled by technological advancements and the global shift towards the digital economy. These financial technology (FinTech) developments range from rapid payment systems, mobile money, digital banking (including central bank digital currencies, CBDCs), cryptocurrencies, blockchains etc. FinTech promises to not only shape the future of transactions but also redefine the fundamental tenets of monetary value and exchange. Between 2010 and 2019, the global FinTech sector witnessed a significant surge in investments, totalling over US$165.5 billion. According to a recent report by the Boston Consulting Group, annual FinTech revenues are projected to reach $1.5 trillion by 2030. While promising transformative solutions, FinTech industry is not without its challenges, ranging from regulatory and policy hurdles; security concerns; customer trust; data protection, inclusion of and the impact on previously overlooked demographics. Understanding the broader FinTech environment can help shed light and shape FinTech today and in the decades to come, particularly in Africa. In light of this, the Academy of Science of South Africa (ASSAf) hosted the 5th Annual ASSAf Science-Business Leadership Forum on the 3 November 2023 titled “Unmasking the Enigma called FinTech” on 3 November 2023, 09h00 SAT, Virtually. The aim of this dialogues was to stimulate conversations on what FinTech is; its adoption on the African Continent; the regulatory conundrum associated with FinTech; while exploring the use of technology such as AI in addressing money laundering, fraud, identity theft, combatting financing of terrorism and proliferation financing and delving into questions of whether South Africa should introduce a "digital Rand", i.e. a retail central bank digital currency (CBDC); the benefits and risks of such a currency. Panellists included: Prof Vivienne Lawack (DVC: Academic, University of the Western Cape); Prof Co-Pierre Georg (SARChI Chair: Blockchain Technology, University of Cape Town) and Prof Louis de Koker (Professor of Law, La Trobe University, Australia). The full recording is accessible on ASSAf_YouTube. The forum is hosted annually by the Academy and moderated by ASSAf’s President, Prof Jonathan Jansen and the focus is to engage prominent scientists/scholars and leading experts from the business community to deliberate on matters of shared significance.	en_ZA
dc.description.sponsorship	Academy of Science of South Africa (ASSAf)	en_ZA
dc.identifier.uri	http://hdl.handle.net/20.500.11911/381
dc.identifier.uri	https://youtu.be/Vokph1gYhVo
dc.language.iso	en	en_ZA
dc.publisher	Academy of Science of South Africa (ASSAf)	en_ZA
dc.subject	FinTech	en_ZA
dc.subject	Unmasking FinTech	en_ZA
dc.subject	CBDC	en_ZA
dc.subject	Cryptocurrencies	en_ZA
dc.subject	Blockchains Digital banking	en_ZA
dc.subject	Laundering	en_ZA
dc.subject	SDG 4	en_ZA
dc.title	5th Annual ASSAf Science-Business Leadership Forum titled “Unmasking the Enigma called FinTech”	en_ZA
dc.type	Video	en_ZA

5th Annual ASSAf Science-Business Leadership Forum titled “Unmasking the Enigma called FinTech”

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