Financial services

A financial sector in full transformation

The financial services sector in Africa is experiencing strong growth, with an annual rate of 8.5% between 2017 and 2022, nearly double the global average. However, this momentum relies on continuous structuring and adaptation to technological, regulatory, and strategic developments.

With increasing banking penetration and the diversity of players—from local banks to pan-African groups—the market remains heterogeneous. Each operator must adjust its positioning and offerings to meet the specific needs of its clientele.

The digital revolution, particularly Fintechs, is profoundly transforming the sector.

Furthermore, compliance with international regulations is a major challenge. Basel II/III, IFRS standards, and tax regulations such as FATCA and CRS require banks to improve risk management and increase transparency.

Define your strategy and achieve compliance with Baker Tilly Guinea

Thanks to its expertise and long-standing presence in Guinea, Baker Tilly Guinea supports industry players in their transformation by offering tailored services in auditing, consulting, compliance, and risk management to meet the challenges of a rapidly changing market.