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
Datahacks4Fi Presentations Rwanda. insight2impact (i2ifacility) was funded by Bill and Melinda Gates Foundation in partnership with Mastercard Foundation. The programme was established and driven by Cenfri and Finmark Trust.
Financial inclusion has in recent years found itself at a cross-road. Ambitious government targets, private sector investment and innovation, and steadfast support from the development community has greatly increased the number of individuals with financial services globally. The availability and uptake of these products have in many cases, however, failed
In my time as a demand-side researcher, I’ve often been labelled as a highly technical researcher. This identification of me as technical comes largely from my ease and comfort in working with data and the many kinds of software that you can use to understand it, but it also comes
I designed a mobile survey today and really enjoyed it. You might be thinking: of course it is satisfying, it is easy. But that really isn’t the case. Mobile surveys, and in this case SMS mobile surveys, require a different approach, and when you’re trained in a more traditional, face-to-face
Why is it that 80 percent of bank account holders in Madagascar only use their accounts once a month or less? What makes the parents of a child requiring unforeseen medical treatment in the DRC choose to approach their mutualitée (a local form of informal mutual aid society) for a
The purpose of this note is to describe a process that can be used to design valid and reliable financial inclusion measuring instruments. It is often the case that important measurement dimensions are excluded from financial inclusion surveys. This could be due to an oversight on the part of the research team, lack of
The IFC handbook explains the potential that data and analytics present for financial inclusion and for FSP operations. This is the third handbook on digital financial services (DFS) produced and published by the Partnership for Financial Inclusion, a joint initiative of IFC and The MasterCard Foundation to expand microfinance and advance DFS in SubSaharan Africa.
Exploring the potential of alternative data for creating new markets. Financial service providers are increasingly adopting alternative data to understand and viably serve new segments of the market. Two main trends give rise to this: There is an increase in the amount of alternative data available, and analytical capabilities are improving to more accurately predict future financial behaviour, based
I bought myself a fitness band recently and I’ve found it quite useful in encouraging me to get off the couch. But, if I’m completely honest, I know I overstate how useful it actually is. When people ask me about it, they usually want to know how many steps I
