- Country: Kenya
- Summary: Cgap Open Finance in Kenya
- KET Ref No: 116561753
- Deadline: 01 Apr 2025
- Financier: World Bank (WB)
- Purchaser Ownership: Government
- Tender Value: Refer Document
- Notice Type: Tender
- Document Ref. No.: 0002014905
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- Description:
- Objectives of this project The primary objective ofthis project is to support the Central Bank of Kenya (CBK) in the design of anopen finance framework for Kenya. The objective of the diagnostic study is toassess the preparedness of Kenya-s financial sector, regulatory and policyenvironment, and other necessary elements for the implementation of openbanking/open finance. The study will provide a comprehensive analysis of thecountry-s financial ecosystem, develop an implementation roadmap, and providespecific recommendations on the design of a robust framework for openbanking/open finance tailored to Kenya-s unique environment and the policyobjectives of the CBK. As a secondary objective, the vendor will support CGAP-s objectivesof public knowledge generation by leveraging the work done to inform thedevelopment of a guide on how to apply the KeyConsiderations for Open Finance recently published by CGAP, the BIS, IMF,UNSGSA and World Bank. Scope ofWork 1) Thediagnostic study is expected to cover: a) Policyobjectives • Definethe key policy objectives for open banking/open finance in Kenya and thebarriers in the current financial ecosystem open finance will address. • Determinethe enabling elements needed for open banking/open finance to achieve keypolicy objectives, including parallel initiatives which could strengthen theimpact of open banking/ open finance (e.g. the Fast-Payment System) • Exploreopportunities and high-potential use cases in banking, payments, credit,investments, insurance, and pensions to support these objectives. • Identifythe financial service providers needed to participate in open banking/openfinance in order to achieve the desired objectives, assess their readiness andwillingness to open banking/open finance, and any challenges associated withtheir participation. b) Legaland Regulatory Review • Evaluateexisting laws and regulations to determine if CBK has the necessary mandate andpowers to lead open banking/open finance implementation. • Identif...
- Documents:
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CLICK HERE TO LOGINCgap Open Finance in Kenya - Kenya Tender
The WORLD BANK(WB), a Government sector organization in Kenya, has announced a new tender for Cgap Open Finance in Kenya. This tender is published on KenyaTenders under KET Ref No: 116561753 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2025-04-01.
The estimated tender value is Refer Document, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.
