In the “De-risking Cross-Border Payments: Software vs. Sledgehammer” whitepaper, Payall exposes the unintended consequences of global de-risking practices and outlines a smarter, technology-led solution that’s especially relevant for Africa.

Financial institutions across the continent are disproportionately affected by de-risking. Foreign correspondent banks frequently cut ties with African partners—not due to actual risk, but due to compliance complexity, cost, and limited visibility. This erodes access to the global financial system, increases the cost of sending money, and stifles innovation.

But the whitepaper argues this isn’t necessary. It provides a roadmap to staying connected, compliant, and competitive. It’s not about avoiding risk—it’s about managing it better, with the right tools.

What the paper reveals:

– Why traditional compliance approaches fail and result in overreliance on blunt-force de-risking.

– How Know Customer’s Customer (KYCC) and real-time verification can build transparency and trust.

– Why automation and purpose-built software can reduce costs, human error, and regulatory violations—while increasing access.

– Practical ways to modernize risk management, improve auditability, and restore correspondent relationships.

– Insights from global experts with experience in Africa and other “de-risked” markets.

As the African Continental Free Trade Area (AfCFTA) gains momentum and intra-African and global trade expand, Africa needs better cross-border rails—not fewer.