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Digital lending space ripe for firm regulation


Digital lending space ripe for firm regulation
Tuesday March 09 2021
Summary
Over time lending has become more sophisticated which led to the creation of banks which issue loans to borrowers at an interest.
The growth of the banking sector necessitated heavy regulation to protect and guide the sectors’ players and to balance risks and opportunities in loan transactions.
Modern day lending has moved away from the traditional mode where loans were mainly accessible through the banks to digital lending.
The concept of money lending has existed for millennia. Since the commencement of trade, human beings have, on occasion, found themselves on economically unequal situations where one cannot always afford to pay for what they need. It is for this reason that in early civilisations, farmers would borrow seeds and repay with grain after their fields yielded a harvest. They would also borrow livestock on the promise that it would be returned upon the arrival of a ....

Communications Authority Of Kenya , Digital Lenders Association Of Kenya , Central Bank , Competition Authority Of Kenya , Airtel Money , Communications Authority , Digital Lenders Association , Reference Bureaus , Competition Authority , Financial Markets Conduct Bill , தகவல்தொடர்புகள் அதிகாரம் ஆஃப் கேந்ய , டிஜிட்டல் கடன் வழங்குநர்கள் சங்கம் ஆஃப் கேந்ய , மைய வங்கி , போட்டி அதிகாரம் ஆஃப் கேந்ய , ஏர்டெல் பணம் , தகவல்தொடர்புகள் அதிகாரம் , டிஜிட்டல் கடன் வழங்குநர்கள் சங்கம் , குறிப்பு பணியகங்கள் , போட்டி அதிகாரம் , நிதி சந்தைகள் நடத்தை ர சி து ,