Es Solo’s prepaid card programs facilitate the distribution of NGO/HI aid recipient funds and worker salaries that are currently processed through the NGO/HI or a local bank, often in cash. These programs can increase the speed with which aid recipients and workers receive payments, reduce the burden and wait times on NGOs/HIs in the distribution of salaries and allow NGOs/HIs to better administer, monitor and adjust disbursements through the use of Es Solo’s prepaid card program management software. These capabilities can reduce the time to disbursement from days or weeks to hours, meaning that funds that are desperately needed get to the intended recipients faster.
NGOs and Humanitarian Initiatives
In order to successfully fulfill their individual missions, NGOs and humanitarian initiatives (HIs) must ensure that aid disbursements, worker salaries and critical expenditures are able to be made in a timely manner with a minimum of fraud and delays due to AML/CFT/Sanctions regulations. Es Solo’s funds distribution platform, built on a proprietary digital identity and compliance software framework, ensures that these vital organizations and initiatives can get funds where they need, when they need.
Es Solo provides a complete end-to-end solution for deployment of NGO and HI funds through the following products and tools:
Global Compliance and Digital Identity Programs
Based upon Nestor, Es Solo’s proprietary AML/CFT/Sanctions suite of technologies, NGOs/HIs can efficiently register aid recipients and create digital identities that are compliant with all global AML/CFT/Sanctions regulations. This technology underpins Es Solo’s prepaid card management program and brings aid recipients into the global financial community. Additionally, the widespread deployment of this platform means that fraudulent aid claims are rendered significantly more difficult to commit, thus almost eliminating a serious drain on the already-strained resources of NGOs and HIs.
Business Intelligence Tools
These tools give NGOs and HIs the power to monitor how and when funds are used by aid recipients, enabling the NGOs/HIs to optimize their aid disbursement strategies.