Through the delivery of our consulting services, a number of us at DVC Consultants have had real time exposure to terrorism. While in Northern Nigeria consulting for HMG, one of our directors had to take evasive action from Boko Haram road blocks. On another occasion, while consulting for a private security firm in Kenya, another director came in rather too close proximity to Al Shabaab.

There seems to be a close connection between poverty and terrorism. In fact, many argue that poverty breeds terrorism. Even if it does not do so in a direct manner, one only needs to look closer to find the intricate ties between poverty and terrorism. Poverty’s role in terrorism becomes clearer when viewed through the lens of interconnectedness that unravels and unpacks the consequences of poverty. For instance, poverty often deprives people of an adequate education and can lead to marginalization in society, both of which can result in extremist beliefs among impoverished people. These 10 facts about poverty’s role in terrorism make the connection clearer.

10 Facts About Poverty’s Role in Terrorism

  1. The world’s most dangerous nations are also among the poorest. For instance, the Global Terrorism Index (GTI) in 2012 revealed that lower-middle-income countries accounted for seven of the 10 countries most affected by terrorism. Nations such as Iraq, India, Pakistan, Afghanistan and Nigeria, which were among the 10 most dangerous countries, also struggle with rampant poverty.
  2. Poverty often deprives people of the ability to obtain an adequate education, and a lack of education leaves many people vulnerable to negative influences. Oftentimes, children from low income or extremely poor families only able to receive an education at madrassas or religious schools, which are targeted by violent extremists looking to indoctrinate and recruit innocent youngsters. Additionally, the top ten most dangerous countries in the 2012 GTI consisted of nations with high illiteracy rates.
  3. Impoverished people often grow up in marginalized and poor areas, which are overlooked by the government. A deep sense of marginalization can lead such people to engage in terrorist activities.
  4. Poverty often goes hand-in-hand with poor governance in a nation. In fact, sometimes poor governance continues the cycle of poverty. Poor people in such nations often feel marginalized not only because of their status but also the hopelessness that comes with the justified mistrust in their government. As a result, they might join groups that promote extremist actions in order to feel like they are being heard and their needs are being considered.
  5. Feelings of deprivation that are caused by being unemployed or the fear of unemployment can lead to extremist thoughts in people, thereby inviting them to engage in terrorist activities. For instance, a 2005 study found a significant positive correlation between state-level unemployment and the incidence of right-wing extremist crimes.
  6. Poor healthcare or lack of access to healthcare is very common in poor countries. In fact, most of the 10 most dangerous countries in the 2012 GTI are also among the places where the most people die from preventable diseases.
  7. More than the lack of material resources, the feeling that an individual cannot make meaningful life choices to alter their living conditions can also lead some to engage in desperate acts. Poverty strips people of their dignity, opportunities and meaningful choices.
  8. Terrorist groups’ community development activities demonstrate a link between insurgency and extreme poverty. For instance, Hamas spends most of its resources providing social, cultural, welfare and educational activities for the Palestinian people, and the Taliban built madrassas to offer free education to poor children in Pakistan and Afghanistan.
  9. Even among those living in first world countries, a propensity toward terrorism has been found in groups that live below the poverty line. For instance, according to a 2008 Census Bureau study, American Somalis, 82 percent of whom live near or below the poverty line, are the largest group traveling to fight with jihadist groups abroad.
  10. World leaders agree that poverty is linked to terrorism. For instance, in reference to budget cuts, Secretary of Defense James Mattis famously said, “If you don’t fund the State Department fully, then I need to buy more ammunition ultimately.”

So rather than spend US$ 639 billion on defence in the USA,  and £48.3 billion in the UK in 2019, to in part tackle global terrorism, we should be committed to finding solutions to ending this vicious cycle of poverty.

DVC Consultants, the London based Management Consulting firm, which specialise in disruptor and challenger brands, has established, in conjunction with a Gulf based VC Fund, a FinTech challenger startup. Through their Strategic Alliance and Joint Venture Division, the new venture is focused on the unbanked and underbanked in emerging economies. The new brand is called banktotal.

Utilising blockchain and cloud-based solutions, the venture leverages technology and software to digitize and streamline retail banking for emerging economies.


The World Bank has set 2020, as a target year to achieve Universal Financial Access (UFA). This initiative calls for adults everywhere to have access to a transaction account to store money, send and receive payments. We have a well formulated strategy to play a part in helping them deliver on this.

Ours is a disruptive philosophy. We believe technology is subordinate to function, and that the user experience is everything. We focus on the end as much as the means. We understand customer pain points and bank limitations. We are building a global network to make payments, collections and offer savings and loans at a significantly reduced cost.

Shari’ah Compliant Products

With a quarter of the world practicing Islam many of our products will be Shari’ah Compliant.

We are creating a brand built on the values of trust, security, growth and protection.  a brand which offers everyone access to the savings and credit, that is an essential building block for economic growth.

Blockchain technology has the potential to help the unbanked and underbanked by allowing them to create their own financial alternatives in a clear and systematic way.   The greatest challenge banks face when trying to serve the unbanked is that many of them do not have clear identifying information, making it difficult to implement the regulatory requirements to set up an account.

Blockchain provides individuals with a digital identity for use in their banking. It makes remittances simple and efficient. Blockchain can even encourage and permit low-income individuals in different countries to save and lend together.

How does this work in practice?

Our products are utilising both Ethereum based and other Blockchain technology as well as Cloud-based solutions.

Ethereum is an open-source, public blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions.

Ethereum is a decentralized platform that runs smart contracts; applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

These apps run on a custom built blockchain, a powerful shared global infrastructure that can move value around and represent the ownership of property.

This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or futures contract), all without a middleman or counterparty risk.

We are developing products that do the following;

*enable peer-to-peer value exchange and payments using a digital wallet platform.

* enable the unbanked to have control over their financial lives and access financial services previously unavailable.

* allows users to create Rotating Savings and Credit Associations on the Blockchain.

* allows individuals to build a Blockchain powered credit score.

* enable blockchain and biometrics to create apps that will allow transactions and investment in the third world.

*earn tokens at home, using bio-identification procedures, and exchange those tokens for local currencies in an app.

* allow those without any formal identification to have an opportunity to create a digital bio-identification straight from their smartphones.

It is banktotals firm belief that disruptive technologies and the smart phone can make serious inroads into combatting global poverty, one of the root causes of terrorism. They believe that first world governments and financial service providers have a duty of care to invest in this, in order to ensure global prosperity and peace.

Quentin Anderson is Executive Chairman of DVC Consultants and C0- Founder and CEO of banktotal.

DVC Consultants is a market leader in transformative consulting. It creates and consults to disruptor, disrupted and challenger brands.

It is clear that brands and their owning companies have no room for complacency, and need constantly to evolve, or risk becoming extinct.

DVC Consultants has therefore developed LOAF (Leadership and Organisation in Anarchic Flux) as a proprietary consulting process for supporting our clients in being disruptors and challengers, rather than being on the receiving end of companies more innovative.

Challenger and Disruptor brands succeed because they emerge from developments not properly observed by market incumbents.

LOAF works because it builds on DVC’s expertise and experience in an eclectic and wide range of sectors and disciplines, including branding, economics, politics, government affairs consultancy and new technologies.

Thought Leadership- Cogitare

Cogitare-The Latin for “To Think, ” is the collective name for DVC Consultants thoughts, insights and perspectives on a broad and eclectic number of subjects. From Brexit to Global Poverty, Islamic Banking to Subsistence Agriculture, Disruptive Technologies to The World Bank. It reflects the wide range of sectors and issues we consult on. We hope you enjoy reading them.


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