De-banking, debunked: Cloud-based due-diligence offers glimmer of hope for remitters

Dec 18 2015 By Nathan Lynch, Regulatory Intelligence The Australian remittance sector is pinning its hopes of survival on a new cloud-based platform that proposes to allow banks to conduct enhanced due diligence on payment providers, their customers and fund recipients. A former Westpac executive is spearheading the new industry-driven solution, which was created in…