Connect with us

E-Business

Trulioo Opens GlobalGateway to Nigeria and Ghana

Published

on

Kindly share this post

Trulioo, leading global identity verification provider, has announced that it is now able to verify customers in Nigeria and Ghana through GlobalGateway- its marketplace of identity data and services.

Trulioo Opens GlobalGateway to Nigeria and Ghana

GlobalGateway coverage in Nigeria and Ghana will help financial institutions accurately and efficiently verify the digital identities of consumers in countries that often lack traditional ID documentation, thus easing access to financial services they otherwise could not obtain.

Nigeria and Ghana have taken significant steps toward increasing access to digitization services, including ID verification.

More financial service providers in these countries are beginning to deploy Know Your Customer (KYC) technologies in their digital channels and both countries have pushed forward digital addressing systems to ease mail delivery: Ghana launched GhanaPostGPS in 2017 and Nigeria teamed up with UK-based What3Words in the same year.

However, despite 69 percent of the world’s adults owning a financial account, up 7 points since 2012, according to the World Bank, most of sub-Saharan and West Africa trail behind the global average. In Ghana, 62 percent of adults 25 and older own an account and just 44 percent of adult Nigerians do.

“While many African countries have made great strides in their national digital identity programs, far too many of the continent’s residents face barriers when attempting to access financial services,” said Zac Cohen, COO of Trulioo.

“Financial institutions are reluctant to do business with citizens who lack a verified digital identity, as it can put them at risk of compliance violations, which in turn constricts citizens’ connection to the global economy.”

A lack of ID documentation was the primary barrier to access of financial services, cited by 26 percent of unbanked individuals in low-income countries.

Despite attempts within Nigeria and Ghana to develop a modern digital identity framework, accessibility to ID systems and services remains low and fragmented.

In Nigeria, just 4 percent of Nigerians are currently enrolled in its ambitious ID program formed in 2014.

In Ghana, ID documentation rates are stronger, yet fewer than 60 percent of residents hold a Ghana Card, the physical and digital document of its national ID program, even though children are issued personal identification numbers at age 6. As a result, many residents of Nigeria and Ghana have limited access to basic financial services.

With this extension, the combined 220 million residents of the two countries can save money safely, start building credit and even out cash flow to better handle emergencies. This expansion of coverage helps further the Trulioo mission to provide cross-border Know Your Customer (KYC) and Anti-Money Laundering (AML)-compliant identity verification for every individual around the globe.

“Extending our verification capabilities to two highly populated African countries will help bring many underbanked residents into the digital economy and enable financial institutions to safely and accurately know who they’re doing business with,” continued Cohen.


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

E-Business

ISDL Achieves IMS Certification

Published

on

Kindly share this post

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.

ISDL Achieves IMS Certification

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.

 

 

 


Kindly share this post
Continue Reading

E-Business

Cybervergent’s Q1 2024 Report Reveals Rising Threat of Remcos RAT Malware in Financial Sector

Published

on

Kindly share this post

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.


Kindly share this post
Continue Reading

E-Business

Konga Launches Free Same Day Deliveries on Starlink, Apple & Samsung Nationwide

Published

on

Kindly share this post

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.


Kindly share this post
Continue Reading

Trending