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. |
Financial inclusion has evolved from a grass-root microfinance movement in the 1980s to a mainstream item on the development agenda. Its increasing prominence is attested, amongst others, by the formation of the G20 Global Partnership for Financial Inclusion (GPFI), the recognition of financial inclusion in the Sustainable Development Goals and
Will CBDC solve your financial inclusion woes or further exclude the vulnerable? Central bank-backed digital currency (CBDC) may alleviate financial exclusion barriers, but it comes with risks. Given some of the shortcomings of digital financial services in reaching financially excluded populations, central banks in developing and emerging markets have increasingly
The first GIS-focused community of practice knowledge-sharing session on 26 November 2015 focused on ways to promote maximum usage of geospatial data and financial access maps by the private sector. insight2impact (i2ifacility) was funded by Bill and Melinda Gates Foundation in partnership with Mastercard Foundation. The programme was established and driven by
Funeral parlours and burial societies deliver value to consumers by meeting essential functional needs, but also by meeting social and cultural needs. Funeral parlours have a powerful position in the funeral value chain. This exposes consumers to abuse. Such abuses are common and cut across different spheres, such as health
Underlying the global financial inclusion agenda is the assumption that providing access to and ownership of bank accounts will improve the lives of previously excluded adults and contribute to economic growth objectives. This assumption is reinforced by surveys such as Findex and FinScope, which monitor the progress of financial inclusion
The Finance Forward series aims to collect and present key findings on recent trends, driving forces, and relevant issues impacting upon the financial sector in Africa. The series intends to help leaders scan the larger, interlocking environments from which trends and themes emerge and interpret the contents based on the
The i2i data quality team supports Zambia’s Financial Sector Deepening Trust (FSD Zambia) in their efforts to make geospatial data accessible to financial inclusion stakeholders, particularly financial service providers. This process note serves to capture key learnings of the journey to date. Process notes will be updated periodically, with the aim of facilitating learning
The following is a brief from the insight2impact Data Quality team on their work with financial service providers (FSPs) on pioneering innovations in the application of GIS. It aims to provide a brief snapshot into the possibilities that financial access mapping can unlock. This document forms part of a forthcoming
Herman Smit interviews the new lead of insight2impact – Celina Lee.
In the six countries featured in the MAP Global Insights series, informal financial services persist despite an explicit push both globally and within the countries to migrate consumers towards formal financial services. Whilst it is increasingly acknowledged that informal services often offer benefits that formal services do not (such as
Depth sounding: shifting measurement away from a one-dimensional view of financial inclusion (Note 2) is the second note to be published from the MAP Global Insights series. It introduces a new approach to measuring financial inclusion. To the traditional emphasis on measuring ‘breadth’ – that is, the number of people using any
