Further to the COVID-19 pandemic, technology and innovation are proving a tremendous catalyst for the country’s financial services sector, accelerating the digitalisation journey that had already been trending, well before the start of the health crisis.
The new normal has given rise to a drastic increase in online transactions and remote working, causing not only an extension of the cloud to the edge but also leading to a significant transformation of the digital workplace. Hence, organisations in the financial services are turning to the next generation and adapting to innovative and technological ways of conducting business and trading without necessarily minimising the human footprint.
With the services that Credentia International as a group provides its Clients and Partners, we distinguish ourselves from the rest by ensuring cohesiveness with the regulatory bodies; we stand apart by tailoring each Client’s needs specifically to their business conditions, therefore meeting their needs for more traditional fiduciary, offshore and residential structures while moving towards more technological and fast-advancing services which are available in Mauritius but are not yet utilised to their strategic and profitable capacity. We will continue to accompany our clients towards the future and be a step ahead to help them reach their vision faster in the best possible conditions.
The future of banking and financial services is online, so it is imperative that industry leaders such as Credentia International move towards more flexible, intelligent and agile environments. Keeping the latter in mind, Mr Gopaul and his team focus on providing you with timely information on how things are changing so that you as a client can plan to navigate your vision towards advancement.
Digitalisation in banking has also become a must in this modern era. Cheque transactions, Internet Banking, mobile banking, cross-border transfer of funds, among others, are just a few examples of the evolution of the sector in Mauritius.
The Financial Action Task Force (FATF) has been considering fintech and regulation technology (Regtech) in an attempt to support innovation in financial services, while addressing the regulatory and supervisory challenges posed by emerging technologies. The FATF has agreed to initiate a project on investigative best practices related to virtual currencies/crypto-assets, and more recently virtual assets to assist law enforcement in the light of the growing risks.
Moreover, the recent outbreak of COVID-19 has led the Central Bank to urge the population to resort to digital transactions carried out on their Internet Banking and Mobile Banking platforms and use contactless card payment during the lockdown period.
In general, Mauritius has taken significant initiatives in joining the trend for digitalisation. Concrete plans have been proposed by the Government to harness the real potential of digital technologies and Credentia International is climbing on the bandwagon early, joining the innovative thinkers of tomorrow.
Several sectors have different regulatory institutions, but the Government is aiming at converting the institutions into a single regulatory entity which would provide for a standard, transparent regulatory system. The Financial Services Commission is the core service provider that enables financial institutions like Credentia International to cater to clients who are looking to move with the times.
We provide you with a 1Klick way forward for all your needs, including Financial Services Licensing requirements to set up your business onshore and offshore, Consultancy, Outsourcing some of your services requirements in accounting and compliance, assisting you to establish a physical presence in Mauritius with working employees catering to your clients’, information on other facilities such as schooling for your children, medical assistance for the maintenance of a healthier lifestyle and investment opportunities for residential purposes.
At Credentia, we believe that human talent, expertise and experience can make a difference in the way we deliver unparalleled, exceptional and consistent service whilst propositioning a way to operate the day to day.
With a high-calibre team carefully selected individuals and a solution-oriented work environment, life at Credentia thrives on a culture that supports talent, openness, ambition and coherency.