Digitalization and Financial Data Governance in Africa: Challenges and Opportunities
African Economic Research Consortium
Digitalization has transformed global financial markets and is quickly emerging as an avenue for future economic development. However, due to the dynamic nature of the digitalisation processes, ubiquitous challenges affecting their collection, processing, quality and security of collected data have continued to emerge, thereby creating opportunities for financial data governance. In this policy paper, we outline the state of financial-data governance and practices in Africa. We also identify questions and dilemmas facing scholars, practitioners and policymakers as we journey into a digitalized future.