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A payment originates at a bank, passes through a digital wallet, switches aggregators, and ultimately gets converted into stablecoins. At each stage, part of its transaction trail disappears. Multiple accounts, untraceable merchants, and poorly documented settlements create blind spots where fraud can thrive. When several institutions rely on the same intermediaries, a local incident can spread across the entire system.
Polytechs Global has tested this problem in the field through its monitoring of the online gambling sector. Its solution is called Sentinel, a supervisory hub operating under the governance of the relevant authorities, which cross-references data from banks, electronic money institutions (EMIs), and payment service providers (PSPs). The next step is a joint pilot involving central banks, banks, and fintech companies willing to participate.
Key discussion points
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What data should banks, EMIs, PSPs, and payment orchestrators share to track a payment from initiation through to settlement?
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At what point does a local traceability gap become a threat to financial stability?
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Who should lead a coordinated supervisory framework involving central banks, sectoral regulators, and financial intelligence units?