Daniel Trías, Consultor y especialista en comercio exterior, banca, finanzas y remesas familiares, fundador de DT Consultoría y Miembro del Consejo Asesor de la IMTC y quien ha acompañado las Asociaciones del Cono Sur en sus reuniones, sus iniciativas para buscar soluciones al De-Risking, como la creación de la CIASEFIM, nos entrega este Documento titulado: “De-Risking: El Riesgo del No Riesgo”. Este documento no sólo ilustra el problema que viven las empresas de servicios financieros de la región sino que plantea una hoja de ruta y sugiere soluciones para que los reguladores, la banca, la industria de servicios financieros, las agencias multilaterales e incluso la clase política, participen en un diálogo constructivo sobre el tema. El no hacerlo seguirá ahondando el impacto sobre la inclusión financiera y la transparencia, fomentando la informalidad y todas las consecuencias no intencionadas, ni imaginadas hoy en día.

Lea el documento en línea, descárguelo como un PDF para imprimir, o para leer en un Tablet o Kindle.



How De-Risking is changing the face of Financial Services worldwide

In July 6th & 8th the Economist published two articles that, again, raised the de-risking threat discussion to new levels. The July 6th article was entitled “The great unbanking [1] –  Swingeing fines have made banks too risk-averse – It is time to rethink anti-money-laundering rules” and the July 8th one: “Rolling up the welcome mat [2]  –  A crackdown on financial crime means global banks are derisking – Charities and poor migrants are among the hardest hit”. For us in the “low-income financial services provider’s sector” [3] the challenges, from regulatory pressures, rise in compliance costs and most of all, de-risking, are a survival issue.

This article is a broad view of de-risking, my opinions on some of the most recent developments that I have been reading, hearing and witnessing recently as we prepare for the “De-Risking Forum” on Nov 30 at IMTC WORLD 2017 in Miami. For detailed analysis on de-risking, its causes and the implications for FIs, you can find many great articles & documents online.[4]


Las Remesas Familiares y el De-risking en México por Salvador Velázquez

Los migrantes mexicanos en los EEUU son los mexicanos de primera clase. Es en general la población tomadora de riesgos, trabajadora, que tiene un diferente Work Ethic, aun con respecto a los propios trabajadores americanos promedio. Le dan un valor diferente al esfuerzo y la remuneración que por dicho esfuerzo perciben. Algunos son verdaderos emprendedores y empresarios triunfantes. Historias de éxito abundan en toda la unión americana. Están muy lejos de los discursos y las campañas políticas en México, en las que, a su pesar, son incorporados en discursos políticos con cargas con contenido altamente demagógico. Son en general escépticos respecto de las agendas políticas de las asociaciones de paisanos en aquel país. Por ello, entre otras razones, son los más proclives a repudiar actos de corrupción; y son, en resumen, usuarios (consumidores) sumamente racionales para el mercado de las remesas electrónicas que vive un momento muy dificil por culpa del De-Risking.


Remittance Expert Leon Isaacs to Chair IMTC AFRICA 2017 in Nairobi in September

Leon is a seasoned expert and business leader in the payments, remittances and money transfer industry. He has over 25 years hands-on experience and since 2007 has led DMA, Developing Markets Associates, a development consultancy based in the UK that provides a broad range of services that helps to mobilise funds into developing markets.

Leon is very active in Mobile Payments policy design and data collection, research into remittance market trends, pricing and new product development, consumer remittance price and quality comparison, financial literacy programmes to remittance receivers, diaspora outreach and diaspora investment analysis and programme design.



How the financial crisis, the evolution of Banking and Unbanking and the rise of technology in financial services are all connected

The financial crisis and the rise of technology in financial services, that has led to an increase in the importance of NBFIs (Non-Bank Financial Institutions) in the provision of financial services, has created a number of challenging situations that might seem unconnected but could be associated to the evolution of a new world financial order.

We will explore in this article two books, discuss small loans by NBFIs, mention the work of a California-based fintech and close with links to introduce our next blog, how the unbanking or derisking is also phase of the struggles we are facing as an industry and a major challenge for NBFIs all over the world.


Money transfer comparison sites

The more I learn about money transfer comparison websites, the more I am fascinated by the results that they provide. And they are getting better and better, and they are each finding a way to present their information and develop their own character. Are they being used by end-users? Who, how? Are they been used by companies to see how the competition is pricing themselves compared to them? How consistent are the best priced companies?
All those questions are probably in your mind. I can’t answer all of them but by the end of your read you’ll probably have a better idea of this new side of this industry.


Remittances are down and Money Transfers are up?

Last week, The Global Knowledge Partnership on Migration and Development (KNOMAD1) published its Migration and Remittances Brief  #27 (April 2017) prepared by Dilip Ratha, Supriyo De, Sonia Plaza and the rest of the team2 of the Migration and Remittances Unit of the Global Indicators Group of the World Bank.

As I mention in the IMTC conferences, these great briefs are the basis for the information I use for my presentations and courses and by far the best information that is collected in the world on remittances.

This is Part 1 of a compendium/overview of what I find more important for the industry in this Brief; I hope it’s a helpful guide in case you have not seen it yet.


Making Way for Digital Agents

A new trend is ready to reinvigorate the remittance industry

The International Money Transfer & Payments industry has always relied on a large network of brick & mortar agents, both in the sending side of a corridor as well as in the receiving side. It is more true in the sending side, where mom & pop ethnic stores have dominated the landscape providing good and reliable services to migrants in many cities & towns in the world. Migrants trust them and even if they are losing ground to retail chains agent networks and other more corporate store chains, they still handle the large majority of orders sent in the US, Europe and the Gulf.

Western Union, MoneyGram, Ria Money Transfer have always published their agent number as a sign of the growth of their collection (on the sending side) & distribution network (on the paying side).


How is technology changing the remittance industry?

In the process of building the RemTECH Awards and asking ourselves what innovation in the remittances industry meant, I searched the internet and talked to colleagues, both in the traditional financial services sector, bank and non-bank, as well as in fintech start-ups.

I began with fintech and what is truly interesting is that there is a broad understanding of what fintech is but almost everyone doesn’t see eye-to-eye in the details. With no boundaries of how much technology has to change a financial service or a product or how much disruptive the company – or the idea is, to be labeled a “fintech”, almost anyone could call themselves a fintech nowadays if it applies technology, in a large measure, to all its processes.

How is technology changing the remittance industry?