Innovation Accelerator
We exist to…
Actively advance innovation and new ways of working
Collaboration catalyses innovation. The Innovation Accelerator exists to provide a collaborative, exploratory environment for financial sector regulators to learn from and work with each other – and the broader financial sector ecosystem – on emerging innovations in the industry.
Fintechs in South Africa
Access the IFWG “Fintech Scoping in South Africa” report
Events
Cryptocurrecy summit
Starts On:
March 29, 2020
3:00 PM
Ends On:
February 29, 2020
5:00 PM
Fintech space SA
Starts On:
April 29, 2020
3:00 PM
Ends On:
April 29, 2020
5:00 PM
Innovators Hub Launch
Starts On:
April 30, 2020
3:00 PM
Ends On:
April 30, 2020
5:00 PM
Videos
Please note: If you are having trouble viewing videos, you may need to disable your Virtual Private Network (VPN).
Hub Talks Ep03: Project Khokha with Gerhard Van Deventer
- May 2020
- YouTube
In the third episode of Hub Talks listen to IFWG Chairperson, Dr. Arif Ismail, and Senior Fintech Analyst, Gerhard Van Deventer, discussing Project Khokha.
Hub Talks Ep02: Fintech Scoping Report with Dino Lazaridis
- May 2020
- YouTube
In the second episode of Hub Talks listen to IFWG Chairperson, Dr. Arif Ismail, and FSCA Fintech Specialist, Dino Lazaridis, discuss the Fintech Scoping Report.
Hub Talks Ep01: Crypto Assets Position Paper with Anrich Daseman
- April 2020
- YouTube
In the first episode of Hub Talks, listen to IFWG Chairperson Dr. Arif Ismail interview SARB Senior Fintech Specialist Anrich Daseman on the recently released IFWG Position Paper on Crypto Assets.
Live Q&A on the Regulatory Sandbox
- April 2020
- YouTube
Live Q&A with Gerhard Van Deventer, Senior Fintech Analyst at the South African Reserve Bank, and Kagiso Mothibi, Head of the Fintech Department at the Financial Sector Conduct Authority, to discuss the Regulatory Sandbox.
Why the Innovation Hub is needed now
- April 2020
- YouTube
A video from Dr. Arif Ismail, Chairperson of the IFWG, addressing the relevance of the Innovation Hub in the current environment and why we believe fintech innovation is needed now more than ever.
Press Releases
Position Paper on Crypto Asset Press Release
- April 2020
- 174 kb
This press release announces the publishing of the IFWG Position Paper on Crypto Assets, which provides specific recommendations for the development of a regulatory framework for crypto assets in South Africa
IFWG Report on 2019 Workshops
- April 2020
- 178 kb
This press release announces the publishing of the IFWG report highlighting discussions held during its fintech workshops in 2019.
IFWG Report on Fintech Scoping in South Africa
- April 2020
- 125 kb
This press release announces the publishing of the IFWG’s first Fintech Landscaping Report.
IFWG Innovation Hub Launch Press Release
- April 2020
- 148 kb
The IFWG Innovation Hub was launched in April 2020 to respond to changes in the financial sector driven by financial technology (fintech) and to promote responsible innovation in the sector.
Reports
IFWG CAR Working Group Position Paper on Crypto Assets
- April 2020
- 1 mb
This paper looks to provide specific recommendations for the development of a regulatory framework for crypto assets in South Africa, including suggestions on the required regulatory changes to be implemented.
Fintech scoping in South Africa
- October 2019
- 4 mb
The aim of this research was to have a clearer understanding of the South African fintech market and is based on 2019 data covering active fintechs founded during the previous 11 years that have a physical presence serving South African consumers.
2019 IFWG workshops report
- September 2019
- 5 mb
The September 2019 IFWG workshops consisted of six workshops over two days covering the following topics: (1) artificial intelligence; (2) central bank issued digital currencies; (3) cybersecurity; (4) digital identity; (5) innovation for economic growth; and (6) open banking.
Project Khokha: Exploring the use of distributed ledger technology for interbank payments
- June 2018
- 3 mb
Project Khokha was a 2018 proof of concept designed to simulate a ‘real-world’ trial of a distributed ledger technology-based wholesale payment system.
Consultation paper on policy proposals for crypto assets
- June 2018
- 4 mb
This paper highlights the benefits and risks of crypto asset-related activities, reviews the approaches by other jurisdictions, and presents initial draft recommendations for dealing with crypto assets from a South African perspective.
2018 IFWG workshops report
- April 2018
- 6 mb
The inaugural IFWG workshops, held during April 2018, focused on (1) private crypto assets; (2) financial inclusion, (3) innovation facilitation and (4) appropriate policy and regulatory responses to the initial three topics.
