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South African Digital Identity Startup iiDENTIFii Raises Record $15 Million
Cybercrime within the financial sector is a growing threat to Africa. iiDENTIFii will use this investment to fund its expansion across the continent.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Estonia and Ukraine to Collaborate on Digital ID Development
Estonia and Ukraine have signed a new cooperation agreement in Kyiv focused on fostering an exchange of knowledge in the field of digital transformation.
- Categories
- Technology
- Region
- Europe & Eurasia
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Youverify Secures $1 Million Seed Extension Round, Targets 30 African Countries
Youverify plans to enhance its services and expand its footprint across 30 countries, majorly in the southern, eastern and francophone parts of Africa
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Pakistan’s Digital ID Card Keeps Millions Locked Out
From migrants to trans people, many adults still don’t have the NADRA agency's CNIC card, excluding them from jobs and vital public services.
- Categories
- Technology
- Region
- North Africa & Near East
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Report Proposes Digital ID Changes for Financial Inclusion of Forcibly Displaced Persons
A report has made policy recommendations aimed at clearing the hurdles preventing forcibly displaced persons (FDPs) from having access to financial inclusion services.
- Categories
- Finance, Technology
- Region
- Global
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How Cybercriminals Target Africa’s 500 Million Mobile Subscribers
Cybercrime rings are making bank from the pilfered call credits of unsuspecting mobile phone users in Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital identity
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The Leapfrog Opportunity in ‘Know Your Customer’ Innovation: Why Africa Needs Local, Digitized KYC Solutions
Know Your Customer (KYC) is a critical process for banks, as it enables them to validate their customers’ identities to fulfill regulatory requirements and protect against fraud. But as Timbo Drayson at OkHi explains, KYC is a big and expensive problem in Africa: For instance, in Nigeria some banks are spending up to $1 million per year to manually verify identities, and 15-30% of customers never complete these processes. He explores three key challenges to KYC in Africa, and presents some tech-driven solutions that could allow the continent to leapfrog to a new global best practice for KYC.
- Categories
- Finance, Technology
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Analysis: On the Road to Digital-ID Success in Africa: Leveraging Global Trends
Mobile technology is a key catalyst and potential gamechanger for driving and advancing digital-ID ecosystems in Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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