MADRID, May 27, 2024 /PRNewswire/ -- Global Voice Group
(GVG) now features as one of the top 100 Africa-focused innovative
RegTech organizations that are set to power Africa to a $1
billion market size by 2025.
This acknowledgment bears witness to GVG's compliance monitoring
capabilities within the Mobile Money (MM) ecosystem. GVG developed
the Mobile Money Monitoring (M3) solution, an intelligent data
platform that supports East African regulatory authorities in
monitoring the fast-expanding MM market. Through M3, the
authorities can ensure the security and integrity of the related
financial transactions, as well as transparency and compliance, for
enhanced revenue assurance. M3 currently monitors approximately 25%
of the financial flows passing through MM platforms in East Africa, verifying over 90 billion USD worth of transactions
annually.
Moreover, the platform is also in use in Central and
West Africa, in the Republic of
Congo and in Ghana. In Congo, M3 has brought the local
telecommunications regulator, the ARPCE, 100% visibility and
control over all utility payments made via Mobile Money to the
government. In Ghana, it has
contributed to an average annual growth of 20% in revenue since its
deployment. Overall, M3 has captured, verified and analyzed
1 trillion USD in MM transaction
value since 2014.
After demonstrating the relevance, effectiveness, and innovation
of the M3 solution to the jury, composed of recognized leaders of
the Regtech industry, GVG was shortlisted and, following the voting
phase, earned a place on the prestigious list. The M3 platform uses
machine learning to ensure effective oversight of the MM market,
ensure regulatory compliance and detect suspicious transactions.
Since its first implementation in 2013, GVG's M3 solution has
provided the relevant regulatory authorities with reliable MM
ecosystem metrics to support data-driven decision-making, promote
compliance within the market, and reduce fraud and revenue
leakage.
Responding to the announcement, James
Claude, GVG's CEO, declared: "It is with a great sense of
achievement that I see GVG featuring among the 100 top RegTech
providers in Africa. On behalf of
the whole company, I sincerely thank Africa RegTech Horizon, as
well as our voters, for supporting us in what we do best: providing
governments and regulatory authorities with the market insights
they need to address the challenges related to the fast-expanding
financial ecosystem."
The Africa RegTech Horizon-100 list is a directory of
African RegTech companies and solution providers compiled to
showcase the products and services of the latter, as well as assist
financial institutions, regulators, and governments in identifying
high-performing and trustworthy RegTech providers.
About GVG
Founded in 1998 and present in 11 countries, Global Voice
Group is a global provider of ICT and RegTech solutions for
governments and regulatory bodies. GVG assists governments and
authorities, through Big Data analytics, in their digital
transformation and the effective promotion of compliant and truly
inclusive digital ecosystems. The company monitors, collects and
analyses data from crucial economic sectors and turns it into
actionable information. We promote data-driven
decision-making.
Discover GVG's
website: www.globalvoicegroup.com
Photo -
https://mma.prnewswire.com/media/2421578/Global_Voice_Group_2024.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/gvg-featured-on-the-2024-africa-regtech-horizon-100-list-302155235.html