In a debate at the World Government Summit in Dubai this week, IMF Chief Christine Lagarde had this to say on the rise of the fintech sector.

“Because of the fintech that are activating all over the place … we need to be particularly mindful in that regard because regulations.” The market will be “full of opportunities and risks in the financial sector”.

This head-scratcher, representing the IMF’s view on a sector that is attracting $2.4 billion in VC funding a quarter, reflects a studied ambivalence on the subject from an organisation that ought to be at the forefront.

The IMF needs to catch up on fintech or be branded a dinosaur.

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