Taqanu banking could be a big help to refugees around the world if it ever gets off the ground. The idea behind Taqanu is that those without documents to prove their identity, as in those displaced by war or natural disasters, can use their digital footprint to prove who they are. This digital authentication would allow someone with no traditional ID cards to apply for a bank account or credit card.
Taqanu banking would work to authenticate profiles by contacting friends and references of users and by matching their online persona with any paperwork uploaded to the system. Such a new approach to banking is facing problems getting approval from established institutions. Taqanu banking will present its case to the G20 in summer 2017 in an attempt to get politicians and bankers on board.
Refugee-Friendly Digital Banking
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