Strengthening Digital Banking Frontiers with Facial Recognition Technology

Strengthening Digital Banking Frontiers with Facial Recognition Technology

The evolving digital state of economies is also witnessing an evolution in corresponding threats and risks. And in the new era of digital banking, online fraud has emerged as the most concerning threat to transactions and banking security. According to a 2022 report by Association of Certified Fraud Examiners (ACFE), a whooping USD 4.7 trillion…

Harnessing the Potential of Banking Sector Through Facial Recognition Technology
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Harnessing the Potential of Banking Sector Through Facial Recognition Technology

As the world moves online, banking is keeping pace with the changing technology through its own trail of transformation. This transformation has been especially prominent in the last decade, with rapid digitisation and increased focus on agility in processes. As a by-product of the changing landscape of banking, concerns related to information security, adoption and…

Unlocking a New Era : Biometrics Redefining Security and Revolutionizing the Education sector

Unlocking a New Era : Biometrics Redefining Security and Revolutionizing the Education sector

By Eugenia Marina, Business Development Director, MENA As the world marks the sixth International Day of Education on January 24, 2024 with the theme “Learning for lasting peace,” our search for transformative education tools acquires great significance. In light of the urgent global problems such as violent conflicts, discrimination, racism, xenophobia and hate speech, education…

Nigerian Startup, SafeSenda Launches App to Simplify Crypto-to-naira Exchange Processes
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Nigerian Startup, SafeSenda Launches App to Simplify Crypto-to-naira Exchange Processes

SafeSenda, a Nigerian startup, has launched an app that simplifies the management, exchange, conversion, spending, and settlement of cryptocurrency into naira bank accounts. The SafeSenda app, which was launched earlier this year by Nkechi Iyke-Ukaegbu and Ikechukwu Ukaegbu, simplifies the process of managing and converting crypto assets through an easy-to-use interface. Ukaegbu stated that the…

How Nigerian startups are maximizing biometric technologies
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How Nigerian startups are maximizing biometric technologies

Biometrics are increasingly being used in corporate and governmental security systems, as well as consumer devices. According to Research and Markets, a market research firm based in the United States, the global biometrics market is expected to grow from $17 billion in 2018 to $76 billion by 2027. For a variety of reasons, an increasing…