Most of Kenya’s Fintech solutions are built on the premise of alternative data sources and information sharing to inform decisions, business models, and monetisation models. With the Data Protection Act now in place and draft regulations published, innovators in Kenya now need to think more deeply about innovation that is balanced with compliance with the law.
There are already conversations around how innovators and the Fintech community can practically comply with the law while upholding best practice. For example, while the law requires data processors and controllers to comply with a Data Subject Access Request, how can a firm practically implement this? What tools and resources can a firm use to develop a data flow map? How can a firm manage and handle unstructured data? Are there examples of firms that are doing these well that could be emulated? What bad practices should be avoided? How might those who are already exploring Open APIs open the way for others?
FSD Kenya, in partnership with LexTego and MFX Partners, has developed a guidance note that highlights the practical options and ways that the innovation and Fintech ecosystem could start to comply with the law in a pragmatic manner while keeping the customer in mind.
We are pleased to invite you to discover our findings in our upcoming webinar which will be held on 8th September 2021 from 11am to 2pm EAT.
The main speaker will be Rob Reeve, who is the CEO and Co-founder of LexTego and an associate at MFX Partners.