Kenya: Fintech Association of Kenya Appoints Dr. Juliet Ongwae to its Board

By InstinctBusiness May 22, 20240

Dr. Juliet Ongwae has been selected as a Board Director by the Fintech Association of Kenya (FINTAK), starting from May 20, 2024. With this appointment, she brings her wealth of expertise and experience to the forefront of FINTAK’s strategic decision-making processes.

Currently serving as the Senior SupTech Specialist at the Cambridge SupTech Lab, University of Cambridge, Dr. Juliet Ongwae possesses over two decades of deep involvement in the digital financial services (DFS) sector. Her role at the forefront of technological advancements in financial services equips her with invaluable insights into the evolving landscape of fintech.

Drawing from her extensive background, Dr. Ongwae has held positions at renowned organizations such as MicroSave Consulting and Musoni Microfinance. Notably, her contributions span over a decade of service at the Central Bank of Kenya, where she played a crucial role in shaping regulatory frameworks and fostering innovation within the financial sector.

“Her extensive experience and innovative approach to financial technology make her a valuable addition to our team. We look forward to her contributions and leadership in fostering a robust fintech environment in Kenya,” said Duncun Motanya, the Chairperson of FINTAK.

Dr. Juliet Ongwae holds a doctoral degree from the University of Manchester and has been pivotal in harnessing technology to bolster regulatory compliance and financial supervision. Her proficiency spans across various domains including policy design, development of digital financial services (DFS) strategies, fostering product innovation, and harnessing data analytics.

Assuming her new position at FINTAK, Dr. Juliet will spearhead the SupTech/RegTech Committee, charting a course for the fintech community towards adopting more innovative and streamlined regulatory practices. Her leadership promises to catalyze advancements in regulatory technology (RegTech) and supervisory technology (SupTech), thus fostering a more resilient and agile financial ecosystem in Kenya.

“Her appointment supports FINTAK’s commitment to advancing Kenya’s fintech sector by harnessing the potential of technology to create a more inclusive financial ecosystem,” the association said in a statement.