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This compendium, prepared by the Division for Public Institutions and Digital Government (DPIDG) of the United Nations Department of Economic and Social Affairs (UN DESA), aims to capture emerging trends in digital responses of UN Member States against the COVID-19 pandemic along with other digital government initiatives and provide a preliminary analysis of their main features. These cases are shared for exchange of information so that Member States can learn from each other and possibly create new partnerships.

The Bank of Sierra Leone (BSL) seeks to provide a regulatory environment that is conducive for the deployment of new and innovative financial technologies (FinTech) and business models in Sierra Leone, with support from the MM4P programme of the United Nations Capital Development Fund (UNCDF) and Financial Sector Deepening Africa (FSDA). They are launching the Sierra Leone FinTech Challenge, and winners will be provided access to regulatory sandbox and financial support US$ 100,000 to pilot their
product. The sandbox is intended to facilitate BSL’s understanding of emerging technologies and support evidence-based approaches to regulation that advance the goals of financial inclusion, financial stability, integrity and consumer protection, and finally foster responsible innovation that benefits consumers in Sierra Leone by improving the quality of, and access to, financial products and services. Applicants will be charged an application fee of SLL 100,000.

Country
Sierra Leone
Institution

Bank of Sierra Leone (BSL)

Category
Digital Government
Focus
E-ServiceRegulationRegulatory Sandbox
Technology

FinTech