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This compilation is brought to you by the Financing Facility for Remittances
(FFR)
of the International Fund for Agricultural Development (IFAD)

Issue #23: 22 September



Market Insights, Opinion

1. Amir Hemmat: CEO at Welcome Tech explains how his firm assists Hispanic
population with accessing financial services 

 
Welcome Tech, a digital platform, is offering the underbanked or unbanked
Hispanic immigrants and their multi-generational families with the financial
ecosystem needed to be successful in the US. By underserving the immigrant
consumers, we are actually underserving ourselves – as a country. We should all
realize that financial inclusion and societal inclusion “go hand in hand,” Amir
noted.
By Crowdfund Insider

 



Enabling Environment, Article 

2. Regtech firm AsiaVerify provides a much-needed process to KYC across the Asia
Pacific region 

 
 AsiaVerify is a Regtech firm with a mission to simplify the process of doing
business in Asia by providing trust and confidence between parties – including
crypto-asset firms. By utilizing artificial intelligence and a bespoke process,
AsiaVerify provides know your customer (KYC), anti-money laundering (AML), and
other compliance checks, to mitigate risk and to verify business claims.
 By Crowdfund Insider

 



Market Insights, Blog

3. Cryptocurrency flows in Africa
 

 
Although Africa captures only 2 percent of the global value of all
cryptocurrencies received and sent, making it the world’s smallest
cryptocurrency economy, the rising prominence of this innovative form of money
is altering traditional financial flows to and from the continent.
By Brookings 

 



Market Insights, Article

4. First Bank expands IMTO network to boost remittance inflow

 
First Bank of Nigeria Limited has increased its network of International Money
Transfer Operators, in order to expand diaspora remittance inflow into the
country. 
By Vanguard

 

 



 

Market Insights, Webinar

5. Payments and remittances post-Covid 19: taking stock of our new world

 
The webinar will unpack RemitONE’s 2021 innovation in payments and remittance
report for insights.
Wednesday, October 27, 15:00- 16:30 GMT
Know more and register here

 

For more articles and updates on remittance markets
and development, visit the GFRID website

 
Financing Facility for Remittances
International Fund for Agricultural Development (IFAD)
Via Paolo Di Dono 44, 00142 Rome (Italy)
remittances@ifad.org
 
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