Philip Acton
DreamStart Labs Inc.

Philip Acton is an Advisor at DreamStart Labs Inc, an award-winning provider of digital banking technology for Savings Groups. He has spent more than 25 years in microfinance as Advisor and CEO across Africa and in India. Most recently he was CEO of a socially focused digital retail bank in the UK.

Articles by Philip Acton

  • Philip Acton / Finn Tiedemann

    Savings-Led Digital Finance: The Dawn of a New Era?

    The digital lending market surpassed $300 billion in 2020, with significant growth among emerging markets customers who access “instant loans” from their mobile phones. But according to Philip Acton and Finn Tiedemann at DreamStart Labs Inc., there are growing concerns about the risky practices used by some of these digital lenders. They argue that one solution may come from a new generation of “savings-led” digital finance apps that use clients' savings capacity as a proxy for their ability to repay loans – a development they describe as an important milestone in digital finance.

    Finance, Technology
    credit scoring, data, digital finance, financial inclusion, fintech, savings
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