Juin 1, 2023 in Coups de projecteur sur les membres by DIACC

Spotlight on FinClusive

1. What is the mission and vision of FinClusive?

FinClusive is a global Compliance-as-a-Service (CaaS) infrastructure provider that enables increased financial engagement by facilitating traditional banking’s connectivity with emerging technology networks, existing and alternative payment rails and financial services providers.

2. Why is trustworthy digital identity critical for existing and emerging markets?

Identity supports FinClusive’s goal to empower its clients to confidently demonstrate compliance with global banking standards, while expanding their services and engagement to businesses, communities and alternative technologies that have been traditionally underserved or unwelcomed within in the global financial system.

3. How will digital identity transform the Canadian and global economy? How does your organization address challenges associated with this transformation?

FinClusive does this primarily by providing strong identity assurance tools, coupled with a global, full-stack, financial crimes compliance/anti-money laundering (FCC/AML)—CaaS, which provides a Compliance-Enabled Credentialing Environment (CECE ™) through its Gateway services, which seamlessly embeds digitally verifiable compliance credentials into both the customer onboarding and transacting processes.

4. What role does Canada have to play as a leader in this space?

Canada is a trusted member of the G7 and global financial network with its strong banking, insurance and securities sectors. Canada’s strong dedication to information security, privacy and fighting financial crime principles needs to be translated into interoperable international standards and practices to ensure that these principles are supported in technology evolution and future networks. Canada needs to be at the table for online evolution and actively participate for it to succeed.

5. Why did your organization join the DIACC?

DIACC is the center of digital innovation in Canada and we look forward to contributing, networking and progressing the industry.

6. What else should we know about your organization?

FinClusive’s wide range of features and tools can help fill in gaps in risk mitigation and enhance capabilities to build and maintain trust online. FinClusive helps in proofing and validation by helping to solve key problems with a wide ranging toolset of data from trusted sources, digital wallet or credential issuance, due diligence and Legal Entity Identifier Issuance. Partner with us or share us with your community! www.finclusive.com