With an emphasis on inclusive financial integrity, Cenfri provides technical assistance, tools and skills building to policymakers, regulators, supervisors and compliance heads looking to apply risk-based and outcomes accountable approaches to money laundering, terrorism financing and proliferation-financing risk strategies. Combining our understanding of relevant risks, familiarity with the FATF guidelines, knowledge of identity and identity-proofing capabilities and leveraging our competency in risk data analytics, we support financial service value chains undertake assessments from national level to the financial product level, thereby enabling the adoption of appropriate customer due diligence practices. Cenfri is committed to assisting countries to move off the grey list responsibly, shaping national risk assessment processes with empirical data and working with remittance services’ compliance managers to ensure that low-income households are not disproportionately affected in receiving low-value remittances. We are interested in mitigating the longer-term impact of illicit financial flows using digital technology (regtech, suptech and AI) to evaluate and monitor illicit flows and enhance inclusive financial integrity. We have worked with BankServ Africa, FSD Africa, GIZ, IFAD’s Financing Facility for Remittances, UNCDF and AFI on a range of financial integrity and identity projects. |
Can the location of a platinum mine help financial service providers (FSPs) identify where to locate a bank branch or ATM? What about the locations of bus or taxi ranks? FSPs are increasingly using this type of geospatial (GIS) data to inform their business decisions. Less than a year ago,
Spatial Data for Business Intelligence workshop proceedings. Insight2impact (i2i) in collaboration with Financial Sector Deepening Tanzania (FSDT) hosted the Spatial Data for Business Intelligence workshop on 10-11 November 2016, in Dar es Salaam. The two-day workshop focused on demonstrating the value of spatial data for the financial sector and driving evidence-based decisions
Why what you measure in financial inclusion is so important to the outcomes you achieve Financial inclusion is increasingly recognised as a policy instrument to deliver on policy objectives such as welfare, health outcomes and food security. In fact, it is deemed so important that the recently published United Nations
What does big data mean for microinsurance? There are 24.2 million adults in Tanzania. About 15 million experienced an insurable event in 2013. Less than 3 million of those reported to have insurance and even less (200,000) actually used insurance to manage their risk. In other words, 14.8 million adults
Financial service providers are becoming increasingly aware of the value of data for financial inclusion. Utilising data and drawing on the power of analytics enables financial service providers to better understand consumers, and thus create products that are more affordable, accessible and appropriate to the needs of the underserved. At
Data plays an integral role in all aspects of financial inclusion. Over the next two days, it will feature prominently in deepening our understanding of consumers’ needs and behaviour at the 4th MasterCard Foundation Symposium on Financial Inclusion (SoFi) in Kigali, Rwanda. SoFI brings together over 300 stakeholders in financial
Have you heard of the Fosbury Flop? Probably not. But you’d know one if you saw it. It’s the technique that high jumpers use when jumping back-first over high bars, commonly seen at the Olympics. It wasn’t always the accepted way of doing things, of course. Previously, athletes approached the
Data has permeated all facets of our lives. It is more available and accessible than ever before. In just a few hours one person can create a multitude of data points from just one mobile device. This is what Gabriel’s* morning looks like: 6:10 am: He logs in to Facebook
Patience, a restaurant owner in Goma in the eastern DRC, has a dream of owning her own land. She saves a modest 2000 Congolese Francs (just less than USD 2) every day. This is no small feat: it requires daily sacrifices and a lot of self-discipline. So she doesn’t tell
