CCAF - TechSprint

How might we develop a better regulatory environment for fintech innovation in a post-crisis reality?

Recovtech, by the Cambridge Centre for Alternative Finance (CCAF), is sponsored by the UK Foreign, Commonwealth and Development Office (FCDO) and implemented by BFA Global.

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About Recovtech

In order for fintech innovation to succeed, the regulatory environments in which startups operate need to be conducive to their growth. Recovtech (Recovery Technology) aims to bring regulators and fintech innovators together to discuss and prototype solutions for ways of enabling financial innovation by removing regulatory barriers for fintech companies in Kenya, Nigeria, South Africa and Egypt.

The program

Recovtech will take place over a one-year period, during which the CCAF and BFA Global teams will conduct a scenario-based discussion, two cross-regional TechSprints and a Global Symposium that will bring together regulators, fintech innovators, investors and other stakeholders to present the leading solutions.

Scenarios Exercise

This aims to inform problem statements regulators will be confronted with, to guide key responses to COVID-19 recovery in each market.

Cross-regional TechSprints

TechSprints will enable fintech innovators and regulators to determine the role of fintech during and post-crisis, and discuss regulatory frameworks to best support innovation.

Global Symposium

Outcomes from the scenarios exercise, as well as the best solutions resulting from TechSprints will be presented at a Global Symposium, where they will be judged by external expert bodies.

Focus regions

Recovtech will focus on three key markets in sub-Saharan Africa – Nigeria, Kenya and South Africa – and one market in MENA – Egypt – to help guide responses to the COVID-19 pandemic in the recovery phase. 

Featured insights

JULY 2021:  PROGRESS NOTE

In January 2021, we held scenario-building exercises across four target markets – Egypt, Kenya, Nigeria and South Africa. In April, we ran two sprints over the course of two weeks. Learn about our progress in July 2021. 

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