Digid, a digital onboarding and identity
verification system, is about to be launched in Ghana's technology market,
enabling businesses across multiple sectors, and specially in banking and financial
services sector. This solution will help businesses to onboard new customers
from anywhere, at any time, and via any channel.
ToCode Technologies is a deep tech company
specialising in the development of cutting-edge Artificial Intelligence (AI)
and Machine Learning (ML) solutions. On March 17, 2022, toCode along with CWG
Ghana will host a sensitization event titled 'Digital Customer Experience - A
Profitable Journey!'. Industry professionals from throughout Africa are
expected to attend and contribute.
The traditional customer onboarding process,
particularly in banks, requires the customer to be present in-person at the
branch and provide all relevant papers along with the application form.
This application will then be processed via a
series of processes that validate the customer's eligibility and complete the
customer's KYC. This manual or semi-manual procedure is not only unsustainable
in an increasingly digital age, but also limits new business opportunities too.
Digid enables banks and other organisations
to onboard customers remotely from the comfort of their homes using their
mobile phones. Customers will no longer be required to appear in person at
branch locations to apply for loans or other products and services.
Ramesh Kannan, Founder and CEO of toCode
Technologies said: “The timing and introduction of Digid cannot be more right,
as the main theme of any business has been digitalization for a few years now,
and Digid fits right in. In Ghana, the government is working to centralise the
identification verification process around the Ghana National ID Card, and
Digid's capabilities perfectly complement this effort, increasing value and
facilitating adoption." stated Mr Kannan.
Digid is a digital solution for onboarding
new clients and verifying their identification. Using Digid, banks and businesses can process more applications
and, as a result, acquire more customers too. Businesses can now offer their
services more quickly by automating the whole onboarding process.
“Net-net, Banks can use Digid to process 10
times more applications than before with better accuracy and lesser cost. Besides,
businesses will also be able to give their customers faster access to their
products and services, which can only lead to one thing; a happy customer and a
good brand value,” Mr. Ramesh Kannan indicated.
Apart from delivering a more feature-rich
solution than the competition, Digid distinguishes itself by offering a full
product suite that supports the end-to-end onboarding process. Comparable
solutions in the market provide either 'Onboarding' or 'Identity verification'
functionality. Howerver, Digid addresses both the requirements and provides
unique advantage in places where both are required.
Harriet Yartey, Managing Director of CWG
Ghana, added that: “The partnership with toCode Technologies adds significant
value not just in terms of the AI (artificial intelligence) and cutting-edge
technology they bring to the table, but also in terms of how they solve
business challenges as well.
Digitilization has been a priority for
companies in Ghana over the past several years, and we couldn't be more
enthusiastic about what Digid has to offer in this area.”