10
AFI INCLUSIVE FINTECH SHOWCASE
INTRODUCING THE FINALISTS - FIRST EDITION IN 2019 Below is the list of the 10 finalists of the FinTech competition (in alphabetical order): GESTELL (OVERALL THIRD PLACE)
IrisGuard is a UK-based electronic payment solutions company that uses end-to-end iris recognition technology to provide financial services to some of the world’s most vulnerable populations. IrisGuard technology has been used to enroll over 2.3 million Syrian refugees, allowing them to make cardless cash withdrawals at selected ATMs, blockchain transfers, remittances and food voucher replacements in supermarkets. IrisGuard always works closely with regulators, be it central banks or telecommunication regulators, GSMA or telecom companies to ensure adherence to the standards and respect to strict KYC/AML requirements. IrisGuard is an established solutions provider for United Nations Agencies such as the High Commissioner for Refugees (UNHCR), the World Food Programme (WFP) and many national governments and non-governmental organizations (NGOs) around the world, in addition to several retail banks across the Middle East.
JUMO Gestell presented by Emmanuel Ruiz Velazquez (Chief Operating Officer) during the 2019 pitch session
Gestell is the first "RegTech" company in Latin America and one of the first in the world to develop advanced analytics technology for financial supervisors. It helps financial institutions and government agencies to make their compliance and regulatory-related activities more efficient and less costly. Gestell created a platform that allows financial institutions to digitally submit information for antimoney laundering and countering financing of terrorism (AML/CFT) compliance to the Mexican National Banking and Securities Commission. This partnership with the regulatory body allows the reengineering of its data infrastructure to strengthen its AML supervisory capacity and to accommodate the growing FinTech sector.
IRISGUARD
Jumo presented by Riyaadh Hanslo (Lead, Sustainability & Stakeholder relations) during the 2019 pitch session.
Jumo uses data science and machine learning to create financial tools that help unbanked and underbanked entrepreneurs — particularly women — access loans and savings products through cellphones. It builds and operates several services for millions of customers in Ghana, Tanzania, Kenya, Zambia, Uganda and Pakistan, including interest-bearing savings products and short-term, structured credit products. It also provides credit that can be configured to fit the needs of individuals, as well as insurance products to safeguard incomes, families, assets and businesses. Their interactions with regulators include competition commissions, telecommunications regulators, investment promotion centres and central/reserve banks. The strong partnerships with mobile network operators (MNOs) and financial service providers (FSPs)
IrisGuard presented by Herbert Louis (Business development consultant) during the 2019 pitch session.
