Bank Al-Maghrib (BAM) continues its commitment to support the emergence of fintechs, with a view to improving financial activities through technology.
These are the key words of Fadwa Jouali, head of the FinTech and payment development department at the Central Bank, during a webinar organized by the Central Bank for the benefit of students of the National School of Commerce and Management (ENCG ) from Dakhla.
Placed under the theme “digitization: lever of financial inclusion”, the event was opportune for the manager to reiterate that BAM is working to strengthen and coordinate the efforts of public and private actors in favor of the development of fintechs on the Moroccan market. .
“Bank Al Maghrib has opted for the establishment of a provision of legal and regulatory support, in order to help these technological companies working in the financial service to integrate the markets and to give them the possibility of being in contact with local players who will be able to support them and sign contracts with them, ”declared Fadwa Jouali, specifying, in this regard, that BAM’s objective is to promote a legal and regulatory framework conducive to the development of financial innovations. , through the strengthening of the legal framework to support the growth of electronic payments, the introduction of new categories of payment services and the consolidation of the regulatory framework governing consumer protection through the healthy use of secure means of payment.
For more details, she raised that one of BAM’s missions is to preserve the security of payment systems and means, by setting up the monitoring framework for monitoring cyber risks, in particular with the increase in services. online and mobile applications and ensuring the cyber-resilience of current and future payment systems.
For the promotion of financial inclusion
On this occasion, Sara El Haddouti, in charge of financial education programs at the Moroccan Foundation for Financial Education, focused on digital financial services (DFS) and the role of financial education in the era of digital finance, before emphasizing the need to raise awareness of the use of these services through the distribution of video clips and the development of e-learning modules.
And before closing this webinar, all the speakers agreed that the health crisis has shed light on the importance of accelerating the process of implementing the digitalization of payments roadmap, calling for the mobilization of the authorities to put in place specific measures relating to financial inclusion and the generalization of the use of electronic payment.
Finally, it should be remembered that it is within the framework of the celebration of the Arab Day for Financial Inclusion, commemorated on April 27 of each year, that BAM has launched in collaboration with its partners, from April 21 until June 2021. , a series of webinars for the benefit of students from several higher education institutions spread across the country.
This initiative aims to highlight the measures and projects carried out by public and private stakeholders, as part of their actions to promote the financial inclusion of different segments of the population, individuals and businesses.