FinClusive

Excited to see The Digital Dollar Project release its latest paper, "Modernizing the U.S. Dollar for the Future of Digital Networks", a comprehensive framework for ensuring that a tokenized, digital U.S. dollar is both competitive and secure in an evolving financial landscape. At FinClusive, we are proud to have contributed to this effort, particularly in financial crimes compliance (FCC)—a cornerstone of ensuring that digital assets, whether CBDCs, stablecoins, or tokenized deposits, are trusted, transparent, and fit for purpose across real-world applications. The paper makes a compelling case for collaboration and innovation in modernizing our financial infrastructure. Modernizing the U.S. dollar isn’t just about digitization—it’s about embedding security, compliance, and interoperability at the core. A robust, tokenized financial system will enable greater financial inclusion, reinforce U.S. leadership in digital assets, and ensure that innovation is built on a foundation of safety and accountability. A huge thanks to the Digital Dollar Project team and all contributors driving this conversation forward. Read more: https://lnkd.in/eGHaEabX #DigitalDollar #Compliance #FinancialInclusion #Fintech #Blockchain #Tokenization

?? The latest Congressional Research Service report on de-banking and de-risking highlights a persistent challenge in financial access: the gap between perceived vs. actual risk. Entire industries—from crypto and MSBs to low- and moderate-income communities and remittances—often face exclusion due to compliance concerns driven by perception rather than practical, ongoing evidence. Yet, despite increasing regulations and rising compliance costs, illicit activity and fraud persist in the financial sector, proving that exclusion isn’t the answer. Financial institutions often de-risk due to reputational concerns, historical biases, or regulatory uncertainty—rarely due to actual risk. Many providers make a business decision to avoid certain client segments, deeming the regulatory scrutiny and compliance costs too high. Regulators and enforcement authorities have often reinforced this caution, discouraging engagement with specific activities or customer types. However, modern compliance solutions can bridge this gap—enhancing security, increasing transaction throughput, and improving transparency without restricting access! At FinClusive, we believe the most efficient and secure way to address this challenge is by embedding modernized compliance tools. That’s why we offer capabilities like efficient KYC sharing, digital identity and credential verification, and the orchestration of global AML/FCC tools within a single workflow. By leveraging modern compliance solutions, banks and financial service providers can meet regulatory requirements while keeping these sectors connected and compliance-ready. The opportunity is clear:?? ? Leverage embedded compliance tech to mitigate risk through engagement, not exclusion ? ? Align regulatory frameworks with modern compliance tools to improve privacy, security, and financial system integrity The solution isn’t exclusion—it’s empowering financial institutions with the right tools to reduce risk while keeping services accessible. Consortia are already forming to drive these initiatives forward, providing infrastructure upgrades that better align with regulatory objectives. Now, regulators and policymakers must keep pace by?enabling compliance through innovation, not outdated exclusionary measures. Check the report: https://lnkd.in/egQ82iDB #FinancialInclusion #DeRisking #Compliance #Innovation #Web3 #Fintech?

Grateful for the opportunity to join Policy Week 2025! This event has brought together policymakers, industry leaders, and regulatory pioneers to tackle the evolving landscape of digital assets, blockchain, regtech, and fintech. The discussions on fit-for-purpose frameworks and actionable industry outcomes have been more important than ever. Excited to see how these insights shape the future! #PolicyWeek2025 #RegTech #DigitalAssets #FinTech

President Trump’s “Strengthening American Leadership in Digital Financial Technology” executive order marks a significant shift in the U.S. approach to #DigitalAssets. By prioritizing innovation, regulatory clarity, American competitiveness, and the sovereignty of the U.S. dollar, this order sends a strong signal of support for the sector. While these are welcome developments from a proactive administration, two key concerns must be addressed to ensure a comprehensive and effective approach: ?? CBDC Ban: The outright ban on central bank digital currencies (CBDCs)—including their study or development—risks U.S. competitiveness. With 130+ countries studying or deploying CBDCs, the U.S. must engage in this dialogue. Exploring diverse forms of digital dollars—such as stablecoins for payments, tokenized deposits for efficient intrabank operations, or wholesale CBDCs for reserve digitization—can unlock significant opportunities across various use cases while safeguarding privacy. ?? Regulatory Gaps: The creation of a Presidential Working Group on Digital Asset Markets within the National Economic Council is a positive step toward fostering a cohesive federal framework and addressing challenges like the derisking of digital asset services. However, the inclusion of the #SEC and #CFTC as members, while excluding federal banking agencies, is concerning. Too often, digital assets are assessed solely through the SEC and CFTC lens, which lack jurisdiction over payments. Including banking and payment regulators, such as those under the #FFIEC, would ensure that regulatory guidance aligns with the diverse use cases of digital assets, from payments to tokenization. While the revocation of prior federal executive orders and regulatory guidance may disrupt continuity, this new order offers an opportunity for the U.S. to lead in digital finance with a forward-looking and balanced approach. At FinClusive, we remain committed to advancing practical use cases and collaborating with the government and industry to drive innovation while safeguarding consumer protections and financial system stability. We are eager to see the practical steps for implementing this new order and offer the administration—and the new Congress—our continued support.

?? New #Cybersecurity Executive Order: Progress on #DigitalIdentity ?? The White House’s latest cybersecurity executive order, issued last week, marks a significant milestone in tackling the escalating threats in the digital world, including identity-related cybercrime. This EO addresses many critical issues FinClusive has highlighted in guidance to legislators and regulators, emphasizing the national security implications of digital identity and security in the open web. We’re proud to see our contributions reflected in this important progress. Congratulations to the practitioners at the White House and industry leaders who played a key role in shaping this initiative! Adversaries and organized crime have been exploiting compromised identities across sectors such as government benefits, banking, fintech, crypto, healthcare, and more. This EO establishes a much-needed foundation for strengthening digital identity infrastructure. It emphasizes the importance of digital identity and verification technologies and processes that achieve two critical goals: combating threats like fraud and identity theft while enhancing #ConsumerProtection and #privacy. These principles are integral to modernizing digital identity and enabling greater trust within highly regulated industries like #FinancialServices. While more work is needed to develop a comprehensive digital identity strategy, this EO is a significant step forward. We urge President Donald Trump’s new administration—amid its efforts to reignite U.S. technology leadership—to ensure that advancing digital transformation includes modernized digital identity solutions. These solutions should uphold U.S. privacy interests, enhance Americans' security in the digital domain, and revitalize U.S. competitiveness. At FinClusive, we remain committed to supporting policymakers and the broader ecosystem in advancing robust, privacy-first solutions that protect Americans from identity theft and cybercrime. We look forward to building on this EO to enhance trust frameworks in critical industries such as payments and open banking. As technology continues to transform financial services in an increasingly cross-border and digitally native environment, modern identity systems must keep pace. Read more: https://lnkd.in/eseustEN

?? We’re thrilled to announce our strategic partnership with Switch Reward Card! This partnership leverages FinClusive’s compliance-backed identity credential to streamline onboarding and ongoing monitoring, reducing costs and creating a seamless, secure, and unified compliance framework across Switch Reward Card’s ecosystem. "Our collaboration with Switch Reward Card demonstrates the value that a comprehensive platform, with identity credentialing at its core, plays in supporting businesses with interconnected compliance needs," said Amit Sharma, CEO of FinClusive. "By deploying FinClusive’s Compliance-as-a-Service (CaaS) platform and FinCID across their network, Switch Reward Card is establishing a unified set of compliance processes, enabling them to lower costs while enhancing onboarding efficiency across all affiliated entities." ?? Read more about this partnership: https://bit.ly/3DXM9XM Together, let’s continue driving innovation in compliance and financial services! #Compliance #Innovation #FinCID #FinancialInclusion #Partnerships

It’s time to stop being a passive participant in the digital economy and reclaim ownership of your identity. Together, let’s champion a future where your data is YOURS to control. Listen to the latest episode of "Coercive Capital with Elaine Dezenski," featuring FinClusive CEO Amit Sharma, on the Illicit Edge network for an insightful conversation about the critical role of #DigitalIdentity in reshaping financial integrity and combating illicit finance. ?? Watch on YouTube: https://lnkd.in/g58GPcZe ?? Listen on the go: https://lnkd.in/g-M96Ekp #DigitalIdentity #PrivacyFirst #DataOwnership #Empowerment

As FinClusive CEO Amit Sharma said, in an increasingly digitally-native world, the verification and validation of oneself, along with the ability to track and trace bad actors and networks exploiting it, are #identity challenges at the core. Listen to the latest episode of "Coercive Capital with Elaine Dezenski" on the Illicit Edge network for an insightful conversation about the critical role of #DigitalIdentity in reshaping financial integrity and combating illicit finance. ?? Watch on YouTube: https://lnkd.in/g58GPcZe ?? Listen on the go: https://lnkd.in/g-M96Ekp

??? New Podcast Drop! Fighting Financial Crime with Digital Identity Innovations Identity is Everything: Former U.S. Department of the Treasury official and financial integrity veteran Amit Sharma joins the latest episode of "Coercive Capital with Elaine Dezenski." https://lnkd.in/ez6bT8AW Digital assets are simply a criminal's dream for conducting all sorts of illicit activity, right...? Mr. Sharma thinks not: "It's just categorically untrue.?It’s factually untrue...?The data just doesn’t bear out that digital assets categorically are the go-to for criminals..." What do you think? The landscape of financial crimes compliance is rapidly changing, and at the center of it lies digital identity. This episode dives into the transformative power of ID technologies, blockchain, and crypto to make a safer and more inclusive global financial system. Thanks to Illicit Edge partner TRM Labs for sponsoring this episode! Watch on YouTube or listen on the drive home: https://lnkd.in/esAEmsEC #sanctions #crypto #AML #financialcrime #blockchain Thomas A. Luke Guinan

Excited to share my conversation on Coercive Capital with Elaine Dezenski, where we explore the critical role of #DigitalIdentity in reshaping financial integrity and combating illicit finance. In this episode, we delve into how innovations in identity verification, blockchain, and crypto are not just advancing compliance but building a safer and more inclusive financial system for all. A big thank you to Illicit Edge and TRM Labs for bringing this important dialogue forward. ?? Watch on YouTube: https://lnkd.in/g58GPcZe ?? Listen on the go: https://lnkd.in/g-M96Ekp #digitalidentity #data #finance #blockchain #AML #financialcrime #crypto