Fintech seems to be technical but because we are all involved in it one way or another, we definitely have lessons and opinions on what needs to be done.
1. Is the business environment in Kenya conducive for FinTech business?
My answer would be yes. Yes because our internet penetration levels are really high compared other African states. Keeping in mind how mobile money has also picked up, there is definitely a conducive environment for fintech.
3. Have banks finally caught on FinTech with their solutions?
Banks have not really caught up but they are trying to blend their products with technological solutions. The wake up call seems to be when interest rates were capped.
4. How will bitcoins & block chain technology affect the market?
Crypto currencies such as bitcoin have started being hyped by block chain enthusiasts. However, the moment CBK will recognise it, it's true effect will be seen.