There has been significant growth in the number of financial technology solutions available to consumers in South Africa. More commonly known as fintech, these solutions mainly aim to replace all the functions that a customer would typically perform in a physical bank branch with a digital app and platform.
However, this welcome convenience and efficiency come with their own legal and regulatory risks. Among those risks are privacy, data protection, security, to name but a few.
Joining us on this episode of Tech Legal Matters is Lucien Pierce, an attorney in South Africa, who will help us unpack some of the legal and regulatory considerations for FinTech solutions in South Africa.