The strains of COVID19 coupled with Know Your Client requirements are strangling businesses and the reputation of banks. The lack of trust which heavy and restrictive compliance processes propogate is becoming untenable. The finance industry must find more efficient cash management systems and more COOPERATIVE platforms and eliminate the dreadful delays, sometimes of several months, for a business even to open an essential bank account! Otherwise businesess will have to resort to self finance and unregulated cooperation between themselves, bypassing banks and central bankers altogether!

COVID 19 must be a catalyst for transformation, change & support with a return to the understanding that not every business or client is bad so that business investors must first be trusted before being considered as guilty of over optimistic cash predictions and identity fraud.