At commencement of the project, we researched the landscape tapping into desk based research and telephone discussions, to identify a variety of stakeholder groups, including:
- Other regulators
- Relevant Government departments
- Traditional Banks, Insurers, Microlenders, Insurers and Wealth Managers
- Entrepreneurial start-ups
- Investors and Donors
- Accelerators
- Universities
The PMA were themselves surprised how we were able to compile this list without knowing the region. They themselves were not aware of many of the stakeholders we unearthed.
With help from PMA we arranged a series of group meetings, engaging with over 100 stakeholders from all parts of the ecosystem. The meeting helped us understand the drivers for change, the opportunities that Fintech can present, as well as the challenges. Based on this research, we produced a landscapinbg report capturing the current ecosystem.
We then developed a comprehensive 180 page recommendations report, factoring in the driver for change, the action plan, risks and mitigation strategy as well as KPIs and KRIs to track progress.
We consulted all stakeholders again on the recommendation, to produce a final Palestine National Fintech Strategy.
To ensure a coordinated implementation effort, we designed a comprehensive governance and oversight arrangement, using existing structures as far as possible, in order to speed up implementation.