Digital Finance growth outpaces confidence — Bridgforte

By Babajide Komolafe The rapid growth in digital finance is outpacing public confidence in the financial ecosystem, prompting the Bridgforte Centre for Global Impact to launch a new governance framework and the Trust Lab to strengthen trust in platform-led finansce.

Delivering the keynote address, Deputy Governor of the South African Reserve Bank, Nomfundo Tshazibana, described trust and confidence as “economic infrastructure,” stressing that resilient financial systems are built through “credible institutions, sound governance, effective collaboration and continually earned public confidence.

The Centre disclosed this yesterday at the unveiling of its flagship policy report, Trust Architecture in Platform-Led Finance, launched during a global online dialogue attended by over 400 central bankers, regulators, financial institutions, fintech leaders, consumer advocates, researchers and development partners.