E-Business
Scorto Teams up with Financial Institutions in Sub-Saharan Africa
Scorto Corporation, a globally recognized provider of decision management and risk mitigation solutions and services is teaming up with financial institutions in Sub-Saharan Africa to enhance their risk management framework. One of the recent banks to adapt the new technology is The Eastern and Southern African Trade and Development Bank (PTA Bank), a leading Sub-Saharan provider of development capital since 1985. PTA Bank is relying on Scorto’s solutions to remove constraints to small business lending. This is being achieved by evaluating risk exposure and streamlining decision management lifecycle. “Scorto in our view (as the Bank’s CRAS [Credit Risk Assessment System] team) offered the best CRAS platform in terms of a clear understanding of what we wanted, comprehensiveness of package in terms of scope & design and also appeared very user friendly, basically it offered best value-for-money solution,” says Kingsley Muwowo, Head of Compliance &Risk Management at PTA Bank. “So far we believe the above testimony has been vindicated by our experience working with the Scorto technical team on the ground. This is a team which knows what it is doing. It is certainly a professional, knowledgeable and experienced team.” Scorto is committed to substantially improve capital access for small business in Sub-Saharan Africa. Building technology-driven risk management framework among local financial institutions is one of the company’s top priorities. PTA Bank provides financial resources to both public and private sector projects in financial services, manufacturing, agro-industry, service, mining, infrastructure and tourism. For more information about PTA Bank Scorto Corp. is a globally recognized provider of decision management and risk mitigation solutions and services. Scorto’s business intelligence tools allow accurate decisioning and improve operational efficiency. The company was founded in 2005 and is headquartered in California with seven international representative offices. Scorto was included into FinTech 100 ranking of the top global technology providers to the financial services industry in 2011. work among local financial institutions is one of the company’s top priorities. PTA Bank provides financial resources to both public and private sector projects in financial services, manufacturing, agro-industry, service, mining, infrastructure and tourism. For more information about PTA Bank Scorto Corp. is a globally recognized provider of decision management and risk mitigation solutions and services. Scorto’s business intelligence tools allow accurate decisioning and improve operational efficiency. The company was founded in 2005 and is headquartered in California with seven international representative offices. Scorto was included into FinTech 100 ranking of the top global technology providers to the financial services industry in 2011.
E-Business
ISDL Achieves IMS Certification
Integrated System and Devices Limited (ISDL), a major provider of electronic security solutions, is delighted to announce the successful attainment of ISO 14001:2015 and ISO 45001:2018 certifications following a rigorous audit process conducted by Bureau Veritas Certification Holdings SAS-UK Branch.
In 2021, ISDL bagged the Quality management systems ISO 9001:2015, and now in 2024, with unwavering dedication to customer satisfaction, the occupational Health and Safety system ISO 45001:2018 and the Environmental management system ISO 14001:2015 have been consolidated to form an Integrated Management System.
These certifications, covering ISDL’s headquarters and branches, signify the company’s unwavering commitment to upholding the highest standards of quality management across all facets of its operations.
According to Oluseun Mabogunje, managing director of ISDL, the scope of the certifications encompasses the design, procurement, supply, installation, integration, maintenance, and after-sales support of various electronic security and Extra Low Voltage (ELV) equipment.
Mabogunje expressed his elation at receiving the IMS certifications, emphasizing ISDL’s dedication to delivering exceptional quality and service to its clientele. He emphasized that this achievement underscores the company’s ongoing pursuit of continuous improvement and customer satisfaction.
E-Business
Cybervergent’s Q1 2024 Report Reveals Rising Threat of Remcos RAT Malware in Financial Sector
Cybervergent, a foremost technology company providing automated cybersecurity solutions, in its Quarterly Brief has revealed a troubling trend in the financial sector that shows a spike in attacks utilising the deceptive Remote Control and Surveillance Access Trojan (Remcos RAT) in Q1, 2024.
The findings affirm a stark forewarning to the financial institutions and organisations in the African continent, urging heightened vigilance and proactive measures to mitigate potential escalating risks.
Previously marketed as a legitimate software, Remcos got co-opted by malicious actors and is now a prevalent tool in cybercrime campaigns. This remote access tool grants attackers hidden entry into victims’ devices, allowing them to seize control, pilfer sensitive data, and even introduce stealth backdoors to compromise entire systems. The capabilities of Remcos are diverse and frightening, ranging from disabling vital security features like User Account Control (UAC) to covertly recording user activities.
“As vigilant cybersecurity gatekeepers, we have observed a significant surge in attacks leveraging the Remcos RAT malware,” said Gbolabo Awelewa, the Chief Solutions Officer, Cybervergent. “Financial institutions are particularly targeted due to the sensitive nature of their data and assets. Organisations must remain diligent and adopt proactive monitoring measures to safeguard against such threats.”
The proactive approach adopted by Cybervergent’s Cyber Operations Centre involves meticulous analysis of attacker tactics, constant updating of threat intelligence, and implementing robust endpoint security solutions. These measures are designed to detect, prevent, and neutralise Remote Access Trojans like Remcos, ensuring the continued security and compliance of organisations in the face of evolving cyber threats.
“Our mission is to fortify our clients’ defenses and ensure the seamless operation of their organisations,” added Gbolabo. “By staying ahead of emerging attack vectors and vulnerabilities, we empower businesses to take proactive measures and protect their valuable assets.”
Looking ahead, Adetokunbo Omotosho, Chief Executive Officer of Cybervergent emphasised the firm’s focus on empowering organisations to navigate the complexities of cybersecurity and compliance with dexterity and confidence.
“Cybervergent’s Assurance and Compliance Team has demonstrated unparalleled leadership in the cybersecurity domain, achieving significant milestones and delivering transformative solutions. Our journey through Q1 reflects a deep commitment to advancing the state of cybersecurity compliance, paving the way for a secure and resilient digital future for organisations in Africa and across the world”, he added.
E-Business
Konga Launches Free Same Day Deliveries on Starlink, Apple & Samsung Nationwide
Konga, the only authorised shop-in-shop for Starlink Internet kits in Nigeria, is offering its customers free same day delivery across all major cities in the country.
With prices of Starlink Internet kits slashed by 50%, Konga is delivering additional value so that both homes and businesses in urban and remote places can enjoy infinite possibilities with their internet on both their standard and enterprise installations. This offer which is available both online and in its retail stores nationwide is exclusive to new and existing customers this month.
With the improvement in prices on both original standard and enterprise Starlink kits, customers can now enjoy a global warranty and direct installation services by purchasing only on Konga.
Since the launch of the partnership with the Elon Musk owned satellite internet provider, Nigerians have continued to celebrate the uninterrupted supply of fast and efficient cyber network services from the authentic devices available on Konga.
In addition to Starlink, other unique items from leading global companies such as Apple, HP, Lenovo, Samsung, Zinox, Philips, Intel and many more are available at unbeatable discounts in the Konga Tech Month from the 1st and will run till the 31st of May 2024.
The Konga Tech Month was extended from its traditional 7day promotion to 30days to give more people access to exclusive deals throughout the month. To enjoy these mouthwatering offers, visit konga.com or any of its physical outlets today.
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