The war in Ukraine has highlighted the need for stronger financial connectivity across borders. According to Mikkel Velin, co-CEO of embedded finance provider YouLend, KYC (Know Your Customer) requirements can exclude refugees from obtaining mortgages and business financing. Fintech solutions, such as Cheqd's blockchain-based self-sovereign identity (SSI) solution, can offer a solution by analyzing more data streams quickly. Other companies are also solving different problems, such as the Turkish government's use of the blockchain to optimize the issuance of work permits to refugees and hold validated documents in a digital wallet.
