{"id":181784,"date":"2024-05-13T17:21:43","date_gmt":"2024-05-13T17:21:43","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/05\/13\/harnessing-fintech-potential-requires-collective-effort\/"},"modified":"2024-05-13T17:21:43","modified_gmt":"2024-05-13T17:21:43","slug":"harnessing-fintech-potential-requires-collective-effort","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/05\/13\/harnessing-fintech-potential-requires-collective-effort\/","title":{"rendered":"Harnessing Fintech potential requires collective effort"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Finance Minister, Dr Mohammed Amin Adam, has underscored the need for collective action and strategic partnerships to fully harness the potential of financial technology.<\/p>\n<p>Fintech, a term that refers to the application of technology to enhance financial services and products, has the potential to create new markets and provide consumers with greater convenience and efficiency.<\/p>\n<p>Moreover, fintech can utilise big data, artificial intelligence, and machine learning to analyse investment opportunities, optimise portfolios, and mitigate risks.<\/p>\n<p>Addressing the audience at the 3i Africa Summit in Accra on Monday, the finance minister emphasised the importance of all stakeholders coming together to ensure the realisation of this goal.<\/p>\n<p>\u201cRealising the full potential of fintech in effecting substantive change necessitate concerted efforts and strategic alliances among various stakeholders including governments, regulatory bodies, financial institutions, technology firms and civil society organisations.\u201d<\/p>\n<p>\u201cWe must also transcend national boundaries and forge strategic partnerships spanning sectors industries and jurisdictions to make meaningful progress,\u201d he stated.<\/p>\n<hr\/>\n<p><em><strong>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/em><\/p>\n<p><em><strong>Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU:\u00a0https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/em><\/p>\n<div class=\"google-auto-placed ap_container\">\n<p><em style=\"background-color: #ffffff;\"><strong>No spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital<\/strong><\/em><\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister, Dr Mohammed Amin Adam, has underscored the need for collective action and strategic partnerships to fully harness the potential of financial technology. Fintech, a term that refers to the application of technology to enhance financial services and products, has the potential to create new markets and provide consumers with greater convenience and efficiency. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":181785,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-181784","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Harnessing Fintech potential requires collective effort - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/05\/13\/harnessing-fintech-potential-requires-collective-effort\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Harnessing Fintech potential requires collective effort - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Finance Minister, Dr Mohammed Amin Adam, has underscored the need for collective action and strategic partnerships to fully harness the potential of financial technology. Fintech, a term that refers to the application of technology to enhance financial services and products, has the potential to create new markets and provide consumers with greater convenience and efficiency. 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