Open up the payments infrastructure

Our financial systems are mainly guarded by banks, and often companies who provide remittance services rely on banks to ensure money moves around. However, banks can decide to ‘off-board’ those remittance service providers from one day to the next, putting remittance senders at risk of losing access to the service at short notice. This practice is called de-risking, and could easily be mitigated by allowing these non-bank remittance providers to access the payment infrastructure directly, so they are no longer solely reliant on banks.