Timothy Lyman

Lead Financial Sector Specialist

Timothy Lyman was at CGAP until November 2019. During his time, he led CGAP’s work to incorporate consideration of financial inclusion in the work of the global financial sector standard-setting bodies, including as lead Implementing Partner on the work of the G20 Global Partnership for Financial Inclusion focused on the standard setters.

He co-chaired the works of the Basel Committee on Banking Supervision leading to the Committee’s first guidance on a financial inclusion topic in 2010 and currently serves as Vice Chair of the Financial Inclusion Workstream of the Basel Consultative Group—the outreach arm of the Basel Committee. Mr. Lyman serves on the Executive Committee of the Access to Insurance Initiative, Implementation Partner of the International Association of Insurance Supervisors. He has worked on financial inclusion-related policy and regulation and community development for over 30 years, in every region of the world. For much of his career, he was a partner in the law firm of Day, Berry & Howard (now Day Pitney) and served as president of its affiliated philanthropic foundation. From 1994 to 2005, he served as principal outside legal counsel to Save the Children/U.S.

Mr. Lyman has a Law degree from New York University School of Law and a Bachelor’s degree from Harvard University. He speaks French, Spanish, Bosnian/Croatian/Serbian, and German.

By Timothy Lyman


Beyond KYC Utilities: Collaborative Customer Due Diligence

CGAP has developed a typology to help policy makers and financial service providers evaluate the financial inclusion potential of a new range of collaborative approaches to customer due diligence to combat money laundering and terror financing.

Collaborative Customer Due Diligence: New Ways Forward

Financial services providers, regulators and financial intelligence agencies around the world are working more closely together on customer due diligence, often with the help of new technologies. How can financial inclusion benefit?

KYC Utilities and Beyond: Solutions for an AML/CFT Paradox?

From KYC utilities to blockchain apps and new ways to collaborate on customer due diligence, recent developments are chipping away at a major barrier to financial inclusion: the high cost of meeting anti-money laundering and terrorism financing requirements.

Crowdfunding and Financial Inclusion

A financial innovation! The fastest growing financial industry! The next big thing in finance! Crowdfunding has garnered a lot of attention for its potential to further financial inclusion efforts.

Six Tips for Policy on Disruptive Digital Financial Inclusion

Digital technologies are changing the financial inclusion landscape worldwide by revolutionizing access to finance, connecting hundreds of millions to formal financial services for the first time. Financial market regulators, supervisors and overseers are racing to keep pace with these developments.