100% transparency and accountability for all payments and purchases.
Enhanced due diligence
Where there’s reliance on the informal financial sector in unbanked crisis zones, the conventional wisdom is that transactions must occur in the dark. The resulting concerns about where funds may end up has led to formal financial institutions cutting off the supply of money. To keep the lifeline open, specialists from multiple disciplines, not usually available in the aid sector, designed the robust SecureAid system. This system and its supporting legal framework proves it is in fact possible to bring light to the people and entities behind the transactions, and build the confidence of banks and regulators to release the original source of funds.
Only once the highest reasonable standard of due diligence possible in a crisis zone is conducted on individuals, businesses and facilities providing essential services, digital accounts are opened. These accounts are supplied funds by those intent on providing financial support safely, quickly and cost-effectively.
SecureAid does not get involved in the actual money flow. The transfer of value between accounts mirrors the corresponding payments and purchases made – from and to the right people. A very practical solution to the risks of diversion and interference from armed groups.
Inerrant electronic handshake
At the heart of SecureAid is the digital transaction, confirmed on a mobile app by both parties using their respective electronic signatures – eliminating the fraud and human error available through handwritten, paper-based alternatives.
Each account holder is issued with an electronic or physical Amanacard with a QR code. Together with a 6-digit PIN this securely authenticates the cardholder.