Capacity building for African central banks regarding Digital Financial Services

Capacity building for African central bank staff with regard to techs and innovation related to Digital Financial Services (DFS)
The Africa Digital Financial Inclusion Facility (ADFI) supports central banks in strengthening their capacities to provide swift regulatory responses to the emergence of digital finance and the various innovations introduced by FinTechs. The project aims to deliver a tailored capacity-building program that meets the specific needs of central banks. It is intended i) to address the technical training needs expressed by central bank staff, and ii) to foster the sharing of experiences and promote peer learning.

The services provided by HORUS, with its partners CENFRI and ACRC, include the following activities:

• Assessment of central banks’ training needs related to digital finance;
• Design of a tailored capacity-building program, delivered in various formats (webinars, virtual training sessions, and in-person workshops);
• Development of training modules for the eight priority topics: Regulation of Digital Financial Services; supervision of Fintechs; Instant Payment Systems and Interoperability; AML/CFT Standards Applied to Digital Financial Services; Consumer Protection in Digital Financial Services; Agency Banking; Open Banking; Cybersecurity and Fraud Prevention;
• Organization and facilitation of two webinars and of technical training sessions: two virtual training sessions covering the eight identified topics, and a one-week in-person training session in Addis Ababa (Ethiopia) to deep dive the eight topics with around fifty participants from fifteen selected African central banks;
• Capitalization and dissemination of key lessons learned.