Presentation on the impact of the RBA shift to AML/CTF

The study aimed to review the impact of the switch from the KYC approach to the risk-based approach on financial inclusion.

Report on the impact of the shift to a risk-based approach to AML/CTF

South Africa has implemented a shift from a rules-based approach to anti-money laundering and combating terrorist financing (AML/CTF) to a risk-based approach (RBA), a move that came into effect with the amendment to the Financial Intelligence Act.

In every crisis there is an opportunity that exists where innovative individuals can build solutions to the challenges we will be facing.

While financial inclusion has risen to 68% globally, Sub Saharan Africa continues to lag with only 32% of its citizens having an account at a financial institution.

David Porteous, Founder of BFA, discussing push and pull models of digital identity along with discussing a national e-identity; the Estonia e-residence identity.

In mid-July, FinMark Trust and Bankable Frontiers Associate (BFA) set off to Malawi to conduct a feasibility study of the potential of a digital financial identity

Malawi Digital Financial ID Feasibility Assessment

The feasibility assessment aimed to provide recommendations on the use cases of domestic financial inclusion the digital financial ID

Access to formal remittance services is difficult for many migrants because of the onerous documentation requirements.