National financial system architecture to address illicit financial flows

In recent years, financial technology (fintech) has been used widely to innovate, improve and automate the delivery of financial services in many countries, including in Africa. Fintech connects to different sectors and industries such as education, retail banking, fundraising and non-profit management and investment management, as well as the development and use of cryptocurrencies. Fintech thus makes financial systems more efficient and competitive. And it broadens access to financial services for unbanked populations.

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