While market liberalization and digitization gain traction in Africa, GVG spearheads this transformation with a cutting-edge data acquisition platform that offers full telecom billing and revenue verification at the country level. GVG helps governments and regulators seamlessly upgrade billing events within telecom networks—from calls and SMSs to different types of specialized data services and location-based billing. “Our platform has evolved to address profound changes in the business model of the telecom industry, driven by increasing demand for mobile broadband and the growing impact of OTTs,” says James Claude, CEO of GVG. Deemed as a pioneer in the disruptive RegTech space, GVG also aids the banking and regulatory compliance sectors in keeping pace with the transforming landscape and bridging the technological gap.
GVG’s data acquisition platform leverages big data technologies and machine learning (ML) to collect metadata directly from the telecom network. This enables numerous stakeholders to precisely measure and bill various types of revenues and absorbs the value of metadata without any revenue leakages.
GVG’s uniqueness stems from its ability to work collaboratively with its clients, develop a strong partnership with them, and offer the necessary customization options for their existing infrastructure. “Rather than just establishing provider-client relationships, we firmly believe in partnering with our clients and providing them with proper capacity building,” adds Claude.
In an instance, the lack of adequate regulatory control over the fast-growing Mobile Money (MM) industry in Rwanda posed a significant hurdle for its government and the Rwanda Utilities Regulatory Authority (RURA). They required a system to monitor and oversee MM services in terms of regulatory compliance, security, quality, interoperability, and enforcement of KYC, CFT and AML standards and rules. In 2015, GVG delivered the first phase of its Mobile Money Monitoring (M3) platform that served as a real-time data gateway between MM providers and the Rwandan authorities. A year later, GVG implemented the full M3 platform that included real-time data capacity to empower the RURA with complete visibility across the MM industry in Rwanda. “The RURA received constant updates on MM usage statistics in the country along with detailed transaction information for investigation and regulatory surveillance purposes,” says Claude.
With a significant footprint in Africa, GVG leverages its R&D to develop new scopes of applications for its data acquisition platform, and expand its services to provide digital financial transactions and digital identity, which are critical to the socio-economic development of many countries.