Now reading: Financial Inclusion

Financial Inclusion

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.
Digital Transformation & Data

Understanding retailers’ motivation for providing financial products and services in South Africa

A number of financial products and services are offered by or through retailers in South Africa. This spans the broad financial services spectrum including transactional, savings, insurance and credit products. This 2014 study sought to understand retailers’ motivation for providing these financial services more fully. It studied FMCG retailers, cash-based

29 November, 2013
Digital Transformation & Data

The emergence of entry-level bank branches in South Africa

Between 2003 and 2011, the provision of bank accounts in South Africa grew from 30% to 46%. Technology and branchless solutions play key roles in improving access to financial services. Physical bank branches are, however, often critical to persistent high-value take-up and use of financial products as it plays an

6 November, 2013
Financial Inclusion

Mapping the retail payment services landscape in Zambia

This 2012 study analysed the demand, supply and regulatory framework for retail payment services in Zambia, how they can play a transformative financial inclusion role, and the market and regulatory challenges to be overcome for that potential to be realised. The report is part of a series of studies that

15 July, 2013
Financial Inclusion

The nature of informality in the South African funeral services market

Implications for policymakers and regulators Funeral insurance is the most prevalent form of insurance in South Africa with just less than 90% of all risk cover being attributed to this form of insurance, more than a quarter of which is informal. This 2012 paper presents the nature of informality in

5 June, 2013
Financial Inclusion

Update on microinsurance innovation in Colombia

This case study on microinsurance innovation in Colombia forms part of a series of case studies on alternative, innovative microinsurance distribution models prepared for the International Labour Organization’s Microinsurance Innovation Facility. The case study covers three channels, namely the partnership between Codensa, an electricity utility company, and the insurance company Mapfre;

4 December, 2012
Digital Transformation & Data

Beyond sales

New Frontiers in Microinsurance Distribution The International Labour Organization’s (ILO) Microinsurance Innovation Facility (MIF) commissioned Cenfri to compare innovative distribution models from India, South Africa, Colombia and Brazil. The study was based on several case studies conducted and commissioned by Cenfri. The aim was to create a typology for innovative

1 December, 2012
Financial Inclusion

Tanzania access to insurance

This series of documents brings together research and analysis on the country context, demand, supply and regulatory framework for insurance in Tanzania. It includes a series of eight documents, consisting of one headline findings document and seven input documents, each focusing on a specific thematic area that build ups the

7 November, 2012
Financial Inclusion

Mapping the retail payment services landscape in Zimbabwe

Zimbabwe is unique in that there is a significant proportion of the population who were formerly customers of formal financial institutions who have since left the system, often due to mistrust in market stability. This 2012 study analysed the country context, demand, supply and regulatory framework for payment services in

25 October, 2012
©2008 – 2022 Cenfri. All Rights Reserved | SEO