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Regulatory

NayaOne supports African Central Banks

Four African central banks used NayaOne’s platform in the RecovTech TechSprint to co-design a data-sharing platform tackling data silos and supporting COVID-19 recovery.

2 weeks

TechSprint across 4 central banks

The challenge

Central banks in Kenya, Nigeria, South Africa and Egypt needed to share data to widen access to finance, but faced international data silos and ‘data deserts’ on key demographics.

How it ran on NayaOne

1

Multi-country coalition

Regulators, Microsoft, Cambridge University, commercial banks and fintechs came together for cognitive diversity.

2

Two-week TechSprint

Teams developed prototype solutions to remove regulatory barriers and enable financial innovation.

3

Data-sharing platform

Participants co-designed an open data platform to source mid-size enterprise market data across the four countries.

Outcomes

4

central banks collaborating

2 wks

to prototype solutions

Open

cross-border data platform

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