Vision & Mission
SUSTAINABLE DEVELOPMENT GOAL 10
Reduce inequality within and among countries
SDG 10 is to “reduce inequality within and among countries”; ARYZE is building the tools to do so, creating a financial ecosystem that reduces international money transfer costs enough to allow 100% of remittance money to make it back to developing countries.
COMPLIANT KYC & AML PROCEDURES
Today, two billion people are still unbanked, rendering safe financial services such as credit, savings and investments out of their reach. Further, poor economic opportunity has pushed over 164 million people globally to move abroad to find work; in 2018, $689 billion in remittances were sent around the world. On average, 7% of remittances sent are lost to fees, meaning a staggering $48 billion per year is taken away from the global poor. However, over 80% of people in developing economies have mobile phone access, giving digital finance the potential to reach 1.6 billion currently unbanked people. Despite this potential, existing banks and fintechs require clients to have some form of legal identification. One billion people worldwide have no such ID.