iDT FINTECH

We support, design and implement technology solutions to increase financial inclusion

FINTECH FOR FINANCIAL INCLUSION

Change text to: Nearly 87% of Sierra Leoneans are unbanked. This segment is made of agricultural workers, the youth, women and marginalized communities. Due to irregular incomes and the lack of accessible financial services, they are in the most danger of suffering in the event of an unforeseen hardship, which makes it difficult for them to rise up from their poverty in the long term.

iDT Fintech is supporting, designing and implementing technology solutions for financial inclusion to bring financial services to the unbanked in Sierra Leone.

KEY STATISTICS

87%

Unbanked Sierra Leoneans

95%

Mobile Network Coverage

$10.7M

Saved in Ebola Crisis

CORE BANKING SOLUTION

Our work in the financial technology space is based on the vision of Financial Inclusion 2.0, the drive to use digital and mobile services to deliver financial services to the unbanked in West Africa’s.

To realize our goal however, several key infrastructural challenges have to be overcome for which we are currently focusing on sustainably developing these key pillars of the ecosystem:

Core Banking As A Service

  • An Apache Finteract based multi-tenant cloud banking solution that allows Microfinance institutions and community banks to focus on their customers and on expanding their services rather than being bogged down by the intricacies of managing complex software systems.

Digital Payments as a Service

  • An Open API, real time Mobile Payment Gateway and Aggregator that makes participating in digital commerce accessible to integrators and innovators.

Credit Lookup as a Service

  • Using financial transaction history, social graphs, mobile re-charge history and other big-data we generate scores of the credit worthiness of consumers which can be accessed by financial service providers and fintechs to incorporate into their products.

Digital Identification as a Service

  • A biometric identification and verification service that traditional financial services and fintechs can leverage to easily and securely identify their clients in a region where identification schemes only cover about 15% of the population.

THE SIERRA LEONE FINTECH ASSOCIATION

We helped establish the Fintech Association to connect all Fintech players in the country, to work with the government to create ease in policy for Fintech adoption and to become the main platform for Fintech advocacy.

STAKEHOLDERS

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