Identity Verification API Eases Fraud Concerns in Africa’s Digital Space
Africa’s technology industry is booming, helped by a competitive tech landscape that has contributed to a leapfrogging effect of bypassing traditional paths like landlines straight to mobile phones. And over the years, this development has led to a rapid adoption of eBanking and mobile money payment systems and made the region an important growth market for business.
But despite the huge potential for business growth and development, Lanre Ogungbe
, CEO at Nigeria-based cybersecurity firm Identitypass
, said one major challenge limiting opportunities in the region is the high rates of fraud and cyberthreats and the lack of advanced verification solutions to effectively fight fraudsters.
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