Fintech Risk Management and Compliance Webinar Series: How to get your Payments License – Uganda

25 Jul 22 | Published by Ruth Magona

The purpose of the ARMC | Perspectives African Fintech Risk and Compliance Webinar series is to bring the expert speakers together to share our considerable knowledge and experience in risk management, regulatory compliance, data protection and cybersecurity with current and aspiring African or Africa-focused fintechs to build their businesses on a sound risk management footing and culture from day one.

Many new Fintech innovations across the globe were originated in Africa. The willingness of Africans to embrace new technologies seems boundless. Africa is embracing digital solutions in a big way with solutions such as mobile money; digital payments; digital lending and savings; digital insurance; buy now pay later and much more.

Typically, Fintech start up founders, across the globe are not ‘risk management and regulatory compliance’ natives. In recent weeks we have seen an uncomfortable number of Africa-focused Fintechs falling foul of the national and international regulatory standards; especially in relation to licensing and AML (Anti-Money Laundering) Compliance.

In this webinar we will explore:

Bank of Uganda’s expectations of prospective payment service license applicants

Application requirements in relation to risk management, regulatory compliance and AML / CFT (Anti-Money Laundering and Counter-Financing Terrorism) 

Insights into the licensing process

An overview of the Fintech landscape in Uganda

There will be an opportunity to ask questions and improve your knowledge and understanding of the regulatory process.