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ARTICLE · 22 JULY 2022

Digital Banking - Being Future Ready

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One of the effects of the COVID-19 pandemic has unquestionably been our increased reliance on emerging technologies to the extent that it now forms an integral part of our ‘new normal' way of life.

MauritiusTechnology
Sharmilla Bhima
Sharmilla Bhima
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On the Mauritian landscape, much of the legislative novelties brought about since the outbreak of the COVID-19 pandemic has focused on the reinforcement of our international financial centre to enable the application of emerging technologies (predominantly Fintech) such as peer to peer lending and crowdfunding.

Fintech has been described as the driver of digital adoption and financial inclusion as it has effectively been the catalyst for digital banking and therefore made space in today's virtual world for both the vulnerable populations and those who are traditionally less digitally savvy (i.e. 65+ years).

WHAT THEN IS DIGITAL BANKING – THE REASONS FOR AND THE APPREHENSIONS ?

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