Fintech Blog
Published in

Fintech Blog

Global remittance map, failure of remittance techs to disrupt the market and what role do agent networks play today?

A short study on the back of a recently published IMF paper

Several factors come to play:

  • Overall retrenchment of banks and sizzling of the global correspondent banking network, a result of more watchful application of not only stringent AML directives, but OFAC surveillance — both coming with heavy fines;
  • The ensuing bad lemon car situation: bad practices displace good ones. Unavailability of banking network dissalows for building bank-grade identity. Unavailability of identity disallows for bank-grade products provisioning. Disruption did not happen, the market rather evolving slowly.



Promoting equitable innovation in fintech around the world

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Daniel Gusev

14 years in global payments and ecommerce. 3 exits. VC at @gauss_vc