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African central banks come together for data sharing TechSprint 6 hours ago
Source: Fintech Sandpit Four Central Banks in Africa are looking at ways to share data to enable greater access to finance and promote COVID-19 recovery through collaboration with the RecovTech (Recovery Technology) TechSprint, commencing this week. Participants will work together to co-design a data sharing platform to address the international “data silos” and identify key “data deserts” where data is not available on key demographics of the population.
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This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Money Mules - An Identity Crisis 5 hours ago
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Money mules are a hot topic in fraud prevention circles these days. But wait a minute, isn t that more of an AML issue? I mean the literal definition of money laundering is concealing the origins of illegally obtained money . That s money muling to a T. However, when you look across the lifecycle of muling activity, it becomes more complex. And when it comes to categorizing money mules within a specific fraud/AML use case, mules indeed have an identity crisis.
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This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
How Regulators Respond to Fintech: Evaluation of Different Approaches 3 hours ago
Innovative technologies change the landscape of financial services. Thanks to decentralization and digitalization, essential financial services such as lending and money transfers are now accessible for everyone, regardless of their credit history and geographical locations.
However, exactly because fintech services are so omnipresent, they also present certain risks, many of which are connected with their safe and fair use. In this post, we will talk about the challenges in fintech regulation and discuss the pros and cons of