Security

Anti-money laundering and terrorist financing measures and financial inclusion

The promotion of formal financial systems and services is central to any effective and comprehensive AML/CFT regime. However, applying an overly cautious approach to AML/CFT safeguards can h…

Blockchain for Social Business: Principles and Applications

This paper identifies and discusses principles and applications of Blockchain that enhance trust, transparency, and auditability in Social Business (SB) activities. It outlines the challenges related to creating a native cryptocurrency for SB, and barriers to infrastructure and technology adoption by different SB stakeholders.

Emerging trends in managing payment fraud

Based on surveys from 566 business leaders, a new VISA report finds that the top 3 (payments-related) fraud concerns are ID verification, data privacy, and transaction monitoring. It calls for taking a more holistic approach to fraud management which involves a mix of new technologies and new skills.

An Introduction to Digital Financial Services (DFS)

Digital Financial Services (DFS) is a relatively new, low-cost means of digital access to transactional financial services. Often termed ‘mobile money’ or ‘mobile financial services,’ DFS is…

The trillion-dollar prize: Plugging government revenue leaks with advanced analytics

Governments can capture about 20% of leakages over several years of concentrated effort using digital payment data, alternative data sources, and advanced analytics. Worldwide, that represe…

Branchless Banking in Pakistan: Opportunities and Challenges

The paper examines strengths, weakness, opportunities and threats of branchless banking and recommends some strategies around the identified challenges with a focus on Pakistan.

The March Towards Digital Money: Bringing The Underbanked In From The Cold

This report provides insights from the Digital Money Index, which tracks the development of digital money readiness in 84 countries. It shows a 5.5% improvement in overall digital money readiness over the last five years.

Global Landscape Study on Digitizing P2G Payments

The paper covers in-depth analyses of how digitizing P2G payments help drive the financial inclusion of poor consumers and identifies some critical factors to develop an efficient and inclusive payment system.

Digital Finance and Innovations in Financing Education

The working paper discusses critical challenges in education finance and the innovations in digital finance, which plays an important role on the Sustainable Development Goal for education.

Alliance featured in Anatalya outcome document

This review of the Implementation of the Istanbul Programme shares best practices and challenges from initiatives implemented in areas related to productive capacity, infrastructure and energy, agriculture, food security and nutrition and rural development, economy, trade, etc

Making Electronic Payments Work for Humanitarian Response

This paper analyzes how existing Digital Financial Services initiatives can better align to support humanitarian response, and uses a framework for comprehensively considering e-payment preparedness. Central African Republic, Pakistan, Nigeria, the Philippines, Somalia, and Yemen have been evaluated as per the framework.

The Impact of Electronic Payments on Economic Growth (2016)

The study provides emperical evidence of how the expansion of electronic payments has a significant, positive effect on future economic growth.

Chilling effect of anti-money-laundering policies for poor countries

The report catalogues extensive suggestive evidence of some of the unintended consequences of AML/CFT and sanctions enforcement by FATF and SSBs simultaneously highlighting their role in increasing the safety and security of the global financial systems.

Assessing risk in digital payments (Gates)

Since digital payments form the foundation for digital financial services, an approach to managing and regulating their risk is the first step. Significant literature exists that outlines th…

Federal Reserve strategies for improving the US payment system

Authoritative guidance on “risk-based” banking

The Financial Action Task Force (FATF) is the global standard setter for combating money laundering, terrorist financing and other threats to the financial system. Their [Risk-based Approach…

IMF Fiscal Transparency Code aligns with BTCA goals

The Financial Action Task Force cautions on the use of virtual currencies