Re-Establishing Trust - High Risk Industries and Banking

For the last nine months FINTRAIL has been working with the awesome team at the Antwerp World Diamond Centre (AWDC) who represent 1700 Antwerp based diamond traders, to address some of the challenges their members and industry as a whole are having with access to viable bank accounts. The issues they've been having are due to the perceived high financial crime risk within the diamond industry and the associated bank de-risking phenomenon.

The short video below highlights one of the exciting developments coming from our work with AWDC and is a great example of where Financial Technology (FinTech) and Regulatory Technology (RegTech) can combine to offer solutions to some really complex challenges for traditional and non-traditional financial services. Our focus has been on how we can re-affirm trust across all stakeholders and ensure there is a sustainable and commercially viable solution for all parties.