Why DCM

Championing Innovation

We are pioneers in the use of alternative data for credit profiling and have extensive experience in leveraging AI/ML in mitigating associated risks.

Through quick, collateral-free short-term loans, easy access enabled by technology and comprehensive product management capabilities, our digital platforms are promoting financial inclusion and creating investment opportunities.

We help lenders assess credit risk no matter what their sales channel is and no matter what level of the economic pyramid people are at.

Mobile Money in Ghana

The financial sector in Ghana has grown rapidly since 2010, and with it the share of Ghanaians with access to formal financial services, which is a measure of financial inclusion.

But access to financial services across regions and by key demographics is still low. Rural access to formal financial accounts is also still low.

Insufficient financial literacy is an important long-term factor for low savings rates in Ghana, and more broadly, financial illiteracy suppresses consumers’ demand for financial services. In addition, persistently high interest rates in Ghana are a major barrier to affordable access.

Despite all the challenges in building a more financially inclusive economy, there has been significant growth in the number of financial access points over the past five years. This growth has been primarily related to the spread of mobile money. Ghana is the fastest growing mobile money market in Africa. The expansion of the agent distribution network was critical to the success of mobile money.

Ushering financial inclusion in Ghana

This dynamic development indicates the potential of digital financial services and payments to further enhance financial inclusion in Ghana.

The government has facilitated interoperability across payment instruments by establishing a mobile money switching solution. Interoperability has increased the convenience and value proposition of digital financial services (DFS) for many financial consumers.

But more can be done to leverage innovative digital technology, as is recognised in the Government’s National Financial Inclusion and Development Strategy (NFIDS). The roadmap aims to build on technological advances and ecosystem evolutions to create a resilient, inclusive, and innovative DFS ecosystem in Ghana that bolsters social development, and a robust economy that supports a thriving private sector.

A strategic approach

The only way for the industry to thrive and truly benefit Ghana’s underserved is by levelling the playing field and allowing an open competitive space through adopting the following:

Link informal channels with formal financial services

Since informal groups, which are largely organised, play a critical role in the provision of financial services in Ghana, there is an opportunity to increase formal financial inclusion by linking them for formal financial services providers.

Improve financial capability

Improved financial literacy programs could stimulate demand for services, as they would arm the financial consumers with the information needed to identify the benefits and risks of financial products.

Leverage data to improve access to finance

The government should take the lead in developing sound policies and/or legal frameworks to mandate data-sharing.

Source: 4th Ghana Economic Update – Enhancing Financial Inclusion Africa Region (June 2019)

Bringing Financial Empowerment to Ghana

Our unique positioning as a team of specialists with global exposure and extensive local knowledge gives us an edge in the Ghanaian market.

We bring a balance between strong financial understanding and deep technological expertise. We combine the best of both worlds to deliver a differentiated experience.

This distinction helps us stand out in our journey to becoming a partner of choice and an all-round digital service provider for FIs who are invested in the future.

True Promise of Value

Unrivalled experience

DCM has developed its patented technology based on 10+ years of risk modelling R&D and online lending experience.

A team of experts

Our global team includes nearly 100 leading credit risk experts, data scientists, developers, analysts, business development professionals, and we are growing.

Data advantage

We can analyse data from a wide array of consent-based alternative sources, from psychometrics to social media, for an accurate perspective of creditworthiness.

Tools and technologies

Our unique credit decisioning tools draw from diverse, large and unstructured data sources using deep learning, AI and advanced analytical techniques.

Global coverage

Over fifty fintech, bank and microcredit institutions, across twenty emerging markets leverage our platform and technology, and we partner with thought leaders in technology, banking and microcredit.