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. |
Insight2impact hosted a workshop for the FSD Network entitled Location Matters: GIS in Financial Inclusion on 22 and 23 July 2015. This two-day workshop in Johannesburg, South Africa, focused on how Financial Sector Deepening Trusts (FSDs) and their partners can use geographic information systems (GIS) and geospatial data to better
Decoding the customer – First impressions from a more granular understanding of client typology is the first note to be published from the MAP Global Insights series, and unpacks the target market segmentation approach that is central to programme’s client-centric analytical methodology, providing a clear and concise look at the emerging cross-country customer
Financial services, including savings accounts and investments into capital assets such as land, have traditionally excluded women in the ASEAN region. Evidence shows that including them can greatly influence the intergenerational wealth of their families. This report focuses on the role played by remittances in achieving broader development objectives with
Zambia is one of nine countries in sub-Saharan Africa with more registered mobile money accounts than bank accounts (GSMA, 2013). Previous case studies investigating the rise of m-insurance (i.e. microinsurance sold through mobile phones) in Zimbabwe and Tanzania, highlighted that whilst m-insurance initiatives have the potential to enhance access to
In 1778 the first modern-day savings bank in Germany was founded in Hamburg. The bank was set up to develop solutions for people with low incomes to save small sums of money and support business startups. Fast forward two centuries and there are now 431 savings banks in Germany with
Agent networks are critical for expanding access to financial services in developing countries. They enable providers to offer viable cost-effective financial services at scale in developing countries reaching previously unserved and underserved adults. The focus has traditionally been on networked agents but increasingly providers are recognising the potential of un-networked
Financial inclusion emerged as a key pillar of the ASEAN Economic Community (AEC) beginning in 2015. The ASEAN Financial Inclusion Conference in 2014 concluded with the release of the “Yangon Outcomes for Financial Inclusion”, a set of recommendations to accelerate financial inclusion in the ASEAN region. This 2014 report focuses
The insight2impact data quality team supports Mozambique’s Financial Sector Deepening Trust (FSDMoç) 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
Most providers of health microinsurance have struggled to achieve sustainability without public or donor support, despite health insurance being one of the most sought-after microinsurance products in many regions of the developing world. A lack of data and adequate skills for pricing, as well as the challenges around effectively forming
