Implementing Financial Address Mapper #23
vvujjini
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We at RC community have picked to build the Financial Address Mapper registry, |
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As governments explore efficient ways to reach out to it's beneficiaries and delivery social assistance in cash, reaching the intended beneficiary financial store of value account (could be a bank account, mobile wallet, loading a pre paid card, etc) to make quick transfers becomes an important building block in Govt to Person (G2P) Payments context. There is good amount of demand in this space and having this Financial Address Mapper registry / module as as a self sustaining building block for quick demonstration and eventually adoption with-in the countries.
This registry of Beneficiary ID to Financial Address in normative forms will enable govt departments spread across various sectors (pensions, education, health, social welfare, etc.,) to access this registry for transfers. From Beneficiary perspective, she can easily manage one or more accounts and control flow of benefits instead of managing the linkages across various department apps/services.
More detailed visualisation of this high level solution blueprint is here
Additionally, how Financial Address Mapper interacts with various other solutions in the larger social assistance use cases can be found here
Request RC adoption team help to create Financial Address Mapper registry.
Epic Store: "Implementing Financial Address Mapper registry"
In first phase:
In subsequent phases:
Please note, this is a reference implementation and to demonstrate the power of open source and open standards to showcase one or more solutions working together in a living lab. The idea is to help countries imagine the possibilities of unbundling and scale.
Happy to connect with the team to discuss further on a call and on this discussion thread to hash out additional assumptions for scope in first phase.
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