Now reading: Finding the missing pieces of the puzzle: using regtech to combat illicit financial flows

Payments & Remittances

Cenfri has broad experience in fit-for-purpose payment systems in emerging markets, particularly in Africa. We work towards making retail payments a public good, assisting central banks, payments operators and payment system participants navigate domestic and cross-border payments modernisation in a manner that contributes to economic inclusion.

We have worked extensively in instant/faster retail payment systems and in improving access to remittances for low-income households. Other projects range from diagnostic and landscaping studies, developing a national payments vision, to analysing payments legislation and regulation, and feasibility studies on central bank digital currency (CBDC). The convergence of payments and identity, as well as the focus on digitising the entire value chain rather than limited use cases, is central to our theory of change in digital payments.   

We have worked with IFAD’s Financing Facility for Remittances, the World Bank, the Millennium Challenge Corporation, AfricaNenda, FSD Africa, FSD Kenya, GIZ, UNCDF, BankservAfrica, Finmark Trust, the African Union and the Alliance for Financial Inclusion.

Illicit financial flows
Digital Governance, Digital Financial Services and the SDGs

Finding the missing pieces of the puzzle: using regtech to combat illicit financial flows

Modern financial crime has evolved significantly over the last few decades. Detecting these global networks of sophisticated crime has become more complicated than solving a thousand-piece puzzle in minutes and with half the pieces missing; humanly impossible. This is the kind of complexity that faces the authorities and institutions at

3 July, 2020
Payment platforms
Digital Africa

Payment facilities and Africa’s platform ecosystem: What does the data tell us?

Payment facilities underpin scaling of Africa’s digital platforms. Digital platforms, also known as multi-sided marketplaces, are seamlessly matching customers to suppliers of goods and services in e-commerce and other emerging industries, thereby creating new pathways for individuals to participate in the digital economy. At the heart of the rapid rise

1 July, 2020
impact of COVID-19 on the sustainability of African insurance markets
COVID-19 impact and recovery

Implications of COVID-19 for the sustainability of insurers in sub-Saharan Africa

Webinar: The impact of COVID-19 on the sustainability of African insurance markets Our research in partnership with FSD Africa shows that many insurers in sub-Saharan Africa (SSA) were already vulnerable before the onset of COVID-19 and that the effects of the pandemic will heighten this vulnerability. What are the medium

25 June, 2020
regional digital financial identity
Financial Integrity & Identity

Why it’s time for Africa to adopt a regional digital financial identity

According to the World Bank Group’s Identification for Development, 1.1 billion people globally, including women, children and refugees, lack any form of officially recognised identification. This is a significant obstacle to financial inclusion and other development efforts, and the global community is increasingly focused on addressing the problem. For instance, the

22 June, 2020
impact of COVID-19 on the sustainability of African insurance markets
COVID-19 impact and recovery

Webinar: The impact of COVID-19 on the sustainability of African insurance markets

The COVID-19 health crisis has turned into an economic crisis that is affecting a broad range of sectors. On 27 March, the IAIS released a statement saying that, while insurers “are exposed on both sides of their balance sheets”, they “are generally well capitalised with sophisticated risk management capabilities, which should help the sector as a whole to

18 June, 2020
Staying afloat: The sustainability of insurers
COVID-19 impact and recovery

Staying afloat: The sustainability of insurers

The impact of COVID-19 on SSA insurance markets The COVID-19 health crisis is already turning into an economic crisis that will see a broad range of sectors affected. The IAIS and IMF deem the insurance sector to be relatively resilient as a result of the steps taken in response to

5 June, 2020
Payments and COVID-19
COVID-19 impact and recovery

How to fill the remittance gaps left by COVID-19

When we think of the African diaspora, we often imagine large networks across Europe or North America and the indelible contribution they play to national culture and society. But get in a taxi in Cape Town, South Africa, and there is a high chance your driver is from Malawi, Nigeria,

28 May, 2020
Covid-19 and insurers
COVID-19 impact and recovery

Insurers can play a key role in getting societies back to work

In the midst of the COVID-19 crisis, insurance should be a primary mechanism for many people across the world to cope. Instead, the limited penetration of insurance products in developing countries has pushed insurance to the periphery. However, all is not lost. Insurers still have a key role to play

26 May, 2020
Illicit financial flows
Digital Governance, Digital Financial Services and the SDGs

Finding the missing pieces of the puzzle: using regtech to combat illicit financial flows

Modern financial crime has evolved significantly over the last few decades. Detecting these global networks of sophisticated crime has become more complicated than solving a thousand-piece puzzle in minutes and with half the pieces missing; humanly impossible. This is the kind of complexity that faces the authorities and institutions at

3 July, 2020
Payment platforms
Digital Africa

Payment facilities and Africa’s platform ecosystem: What does the data tell us?

Payment facilities underpin scaling of Africa’s digital platforms. Digital platforms, also known as multi-sided marketplaces, are seamlessly matching customers to suppliers of goods and services in e-commerce and other emerging industries, thereby creating new pathways for individuals to participate in the digital economy. At the heart of the rapid rise

1 July, 2020
impact of COVID-19 on the sustainability of African insurance markets
COVID-19 impact and recovery

Implications of COVID-19 for the sustainability of insurers in sub-Saharan Africa

Webinar: The impact of COVID-19 on the sustainability of African insurance markets Our research in partnership with FSD Africa shows that many insurers in sub-Saharan Africa (SSA) were already vulnerable before the onset of COVID-19 and that the effects of the pandemic will heighten this vulnerability. What are the medium

25 June, 2020
regional digital financial identity
Financial Integrity & Identity

Why it’s time for Africa to adopt a regional digital financial identity

According to the World Bank Group’s Identification for Development, 1.1 billion people globally, including women, children and refugees, lack any form of officially recognised identification. This is a significant obstacle to financial inclusion and other development efforts, and the global community is increasingly focused on addressing the problem. For instance, the

22 June, 2020
impact of COVID-19 on the sustainability of African insurance markets
COVID-19 impact and recovery

Webinar: The impact of COVID-19 on the sustainability of African insurance markets

The COVID-19 health crisis has turned into an economic crisis that is affecting a broad range of sectors. On 27 March, the IAIS released a statement saying that, while insurers “are exposed on both sides of their balance sheets”, they “are generally well capitalised with sophisticated risk management capabilities, which should help the sector as a whole to

18 June, 2020
Staying afloat: The sustainability of insurers
COVID-19 impact and recovery

Staying afloat: The sustainability of insurers

The impact of COVID-19 on SSA insurance markets The COVID-19 health crisis is already turning into an economic crisis that will see a broad range of sectors affected. The IAIS and IMF deem the insurance sector to be relatively resilient as a result of the steps taken in response to

5 June, 2020
Payments and COVID-19
COVID-19 impact and recovery

How to fill the remittance gaps left by COVID-19

When we think of the African diaspora, we often imagine large networks across Europe or North America and the indelible contribution they play to national culture and society. But get in a taxi in Cape Town, South Africa, and there is a high chance your driver is from Malawi, Nigeria,

28 May, 2020
Covid-19 and insurers
COVID-19 impact and recovery

Insurers can play a key role in getting societies back to work

In the midst of the COVID-19 crisis, insurance should be a primary mechanism for many people across the world to cope. Instead, the limited penetration of insurance products in developing countries has pushed insurance to the periphery. However, all is not lost. Insurers still have a key role to play

26 May, 2020
©2008 – 2022 Cenfri. All Rights Reserved | SEO