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{EMAIL}, join the CBN, SEC and EFInA on TC Live this Friday

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bigcabal.com

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tcinsights@bigcabal.com

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Tue, Nov 23, 2021 05:12 PM

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Dear {EMAIL},,, Ignore. Duck. Code. to economics professor, Marlene Amstad, regulators have three op

[View in browser]( [Register now to attend]( Dear {EMAIL},,, Ignore. Duck. Code. [According]( to economics professor, Marlene Amstad, regulators have three options when it comes to regulating fintechs. One, they can simply choose to ignore it, or at least, leave it largely unregulated. However, this isn't sustainable. Choosing to not regulate fintechs will lead to nothing but chaos. So, if you're a fintech company, that prospect shouldn't excite you; it should scare you. On the other hand, there's the option of duck-typing. This simply means checking for compatibility with existing regulation, typically focusing on either the fintech's economic function or its underlying risk. It's based on the duck test that says, “If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.” But duck-typing only works if fintech operates the same way as traditional finance, and we both know it does not. But then, they could code it. This means using regulations that are specifically tailored to the new functionality or technology. This may seem like the way to go, but regulators often struggle with keeping up with the speed of innovation. So, what's the way forward? Truth be told, we don't know. But this Friday at 11 a.m., we'll be speaking with people who can give us answers on how to align fintech and regulation. Join the following speakers on TechCabal Live this Friday: - Razaq Ahmed - CEO of Cowrywise - Dr Ola Brown - Founder, Flying Doctors Healthcare Investment Company - Ashley Immanuel - CEO, EFInA - Emomotimi Agama - Head, Registration, Exchanges, Market Infrastructure and Innovation, Securities and Exchange Commission - Musa Jimoh - Director, Payments System Management Department, CBN - Martynas Pilkis - Advisor to the Board Member, Bank of Lithuania - Oswald Guobadia - SSA (Digital Transformation) to The President, Federal Republic of Nigeria and Nigeria Startup Bill Project Lead (Keynote address) - Mayowa Kuyoro - Partner and Head of West Africa Financial Services, McKinsey & Company (Moderator) [Register now to attend]( Nigeria's fintech industry is growing at a pace that demands that all stakeholders, including you, are aligned towards its growth. This Friday at 11 a.m., we'll discuss the stumbling blocks in the way of that and how we can toss them aside and drive much-needed progress. You'll agree with us that this is quite an important discussion to have. So, if you haven't registered, what are you waiting for? This conversation is open to founders, fintech professionals, regulators, policymakers, policy analysts, investors and tech enthusiasts. Even if you don't belong to any of these categories, we encourage you to join as you'll learn more than a thing or two! Register [now]( to attend. You'll be glad you did. This event is brought to you in partnership with [EFInA](. Sincerely, Olanrewaju Note : By clicking on the registration link for this event, you’ve indicated interest in the event and will get an invite to attend. To opt out, please ignore the invite. [Register now to attend]( Upcoming events [Register now to attend]( TechCabal 18 Nnobi Streeet, Surulere, Lagos Nigeria You received this email because you signed up on our website or made a purchase from us. [Unsubscribe]( [MailerLite](

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