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ActivEdge Partners Riverbank Solutions to Deliver Electronic Journal Manager

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ActivEdge Technologies Limited, one of the fastest growing Pan African Information Technology Company has teamed up with its Kenyan partner, Riverbank Solution to build a multiplatform Electronic Journal Management Software, the first of its kind in Africa.

This strategic move is geared towards empowering banks in Africa to seamlessly collect and manage the Electronic Journal records of ATMs deployed in its network into a central pool for onward use by banks for other processes especially reconciliation of transaction.  

Banks in Africa face enormous reconciliation challenges and most are running with imbalanced books that run into millions of US dollars posing huge threat to survival of the banks, accuracy of records and payment of claims to customers who suffer ATM Dispense errors.

Following recent implementation of Transaction Lifecycle Management System to some of its client banks, ActivEgde Technologies found a gap in effectively managing this aspect of data for effective ATM reconciliation.

This motivated us to commence a research in conjunction with our Kenyan partners – Riverbank solution towards ensuring that banks desiring to accurately reconcile ATM transactions can seamlessly pick EJs from ATMs in their network to perform near online real-time data reconciliation and manage claims in the event of ATM dispense errors without impeding the performance of ATM network.

This gave rise to creation of experienced team of developers who have deep understanding of the local challenges especially in Nigeria and Kenya and are able to address the variety of challenges faced by the banks in these countries.

According to Nicholas Mwendwa CEO of Riverbank, “this success will come as a huge relief to banks in Africa who have immense need for accurate and near real-time reconciliation. In the near future, this solution will also be perfected for movement of recorded videos files in the ATMs at off peak hours to help banks monitor and attend to incidences in ATMs. We are very excited at the interest that this development has generated in a very short time by banks in Nigeria, Ghana, Uganda and Kenya who are in a hurry to have these challenges behind them. Our target is to have this solution deployed in as many as 50,000 ATMs between now and the end of 2015”

Speaking at the product lunch ceremony, Emmanuel Kalu who is the chief technology officer of ActivEdge Technologies commended the spirit of collaboration by Activdge Technologies and Riverbank as well as the cooperation of other stakeholders especially some banks in West and East Africa who volunteered information about their challenges and allowed use of their operating environment for effective testing of the solution.

He believes that the cross pollination of ideas between the developers and ex-bankers from the two regions who worked on this project enabled the team to have a very wide perspective of the common challenges faced by banks and how best to address them.

Emmanuel further said “This is the first time that I have seen two independent companies from two separate regions share codes and collaborate to build an application based on local knowledge and elaborate customer feedbacks. It took us about 3 months to both architect and deliver the product which is now GA (generally available) and I am very happy that we have a product that can address the ever lingering challenges of EJ management and ATM transaction reconciliation.”

Electronic Journal Manager – EJ Manager is a scheduled web service that streamlines the collection and management of Electronic Journals of ATMs of Banks in a centralized manner. 

Banks need solutions that can help them ensure that all transactional data from ATMs are fully collected into a central pool. Apart from collecting these journals from ATMs, the system also has the capability to inform banks of ATMs who may not have submitted their EJs as well as those who may have network issues. With this data available in a centralized location, banks can now carry out other processes ranging from reconciliation, ATM monitoring, etc.


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E-Business

NITDA, NIMC Partner for Seamless Data Exchange Capabilities

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National Information Technology Development Agency (NITDA) and the National Identity Management Commission (NIMC) have announced a collaboration on National Public Key Infrastructure (PKI) and Digital Public Infrastructure (DPI) to enhance synergy between digital identity, payment ecosystems and secure seamless data exchange capabilities for Nigeria.

NITDA, NIMC Partner for Seamless Data Exchange Capabilities

l-r: Kashifu Inuwa, Director General of NITDA, and Bisoye Coker-Odusote,  Director General of NIMC, during the meeting at the NIMC headquarters in Abuja..

NITDA, which made the announcement on its X handle, said that the collaboration was to further strengthen Nigeria’s digital economy in line with President Bola Tinubu’s Renewed Hope Agenda,

During the meeting, Kashifu Inuwa, director general of NITDA, and Bisoye Coker-Odusote, director general of NIMC, with some management staff of both organisations, discussed various initiatives, which include building DPI stacks for a secured and seamless data exchange and forming partnerships to transform the national identity system.

This collaboration also aims to harness the potential of the innovative ecosystem and emphasise the use of public-key infrastructure (PKI) to drive digital transformation in Nigeria.

To ensure a smooth implementation, a 12-man committee was set up.

This committee will play a crucial role in kickstarting and harmonising the initiatives and is expected to deliver a comprehensive implementation report within the next 4 weeks.

 

 


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Expert Urges FG to Harmonise NIN, BVN to Tackle Crimes

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Noble Ajuonu, head, Sydani Technologies Ltd., has urged the Federal Government to harmonise National Identification Number (NIN) and Bank Verification Number (BVN) to tackle crimes and insecurity in the country.

Expert Urges FG to Harmonise NIN, BVN to Tackle Crimes

Ajuonu made the call at a media roundtable, organised by Sydani Group in Abuja.

The News Agency of Nigeria (NAN) reports that the roundtable focuses on driving sustainability through a comprehensive analysis of Nigeria’s key development areas.

Ajuonu said that Nigeria could overcome its security challenges and pave the way for a safer, more secure future for all Nigerians by embracing technology and implementing practical solutions,

“We need to harmonise data, prioritise seamless integration of databases like NIN, BVN, and security agency records, establish clear protocols for data sharing and access, with robust safeguards against misuse,’’ expert said.

According to him, the unified data pool will empower intelligence gathering and targeted operations.

He also called for investments in smart surveillance, intelligent video analytics software, training of personnel in data analysis, interpretation of data in real-time to combat crimes.

“There is need to implement a legal framework for call interception in criminal investigations, with strict oversight to prevent abuse, encourage community cohesion, training of tech savvy security personnel with tech-enabled tools.’’

Ajuonu also urged the government to address infrastructure deficit in technology, saying that technology was all encompassing to address insecurity.

“According to the National Identity Management Commission (NIMC), as of December 2023, only 104.2 million Nigerians had been enrolled for the National Identity Number (NIN).’’

Ajuonu added that over 122.2 million citizens left uncaptured for NIN were people in rural areas where enrolment centres, digital services were limited.

“Most crimes are being perpetuated from rural communities and this lack of comprehensive identification creates a gap where elements not captured in the national database can constitute public nuisance, crimes.

“There is the inadequacy in the integration of NIN, BVN and Voters Identification Number (VIN).

“Advanced call interception and analysis tools, used successfully in other countries, could provide invaluable insights into criminal networks and operations but infrastructure is lacking,’’ he said.

Also, Mr Godfrey Petgrave, the Agricultural Expert, Sydani Group, called for empowerment of smallholder farmers with access to finance and training to enhance productivity.

According to Petgrave, Nigeria requires policy reform and institutional strengthening to improve agricultural practices and embrace digital agriculture solutions to address food insecurity.

Mr Akolade Jimoh, another expert of the group on health, advocated for expanded community-based health insurance programmes for rural and underserved areas.

Jimoh added that the country needed to encourage Public Private Partnership to revolutionise products design and quality improvement on health services.


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Konga launches Infinix Brand Week with Incredible Deals

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Konga, Nigeria’s leading composite e-commerce group, is thrilled to announce the launch of amazing deals at its Infinix Brand Week. Infinix, a leading global smartphone brand known for its innovative products and cutting-edge technology promises exclusive discounts and special offers on select smartphones, marking an exciting milestone in the realm of online shopping.

Shoppers can expect nothing short of extraordinary deals on a wide range of Infinix products, all available exclusively on the Konga online platform. With discounts of up to 30% off, this partnership between Konga and Infinix aims to redefine the shopping experience for tech enthusiasts across Nigeria.

Konga Brand Week has become synonymous with excitement and unbeatable deals, and this year’s edition is no exception. In addition to exclusive discounts on Infinix smartphones, shoppers can explore a diverse array of products across various categories, including electronics, fashion, home essentials, and more.

“At Konga, we are dedicated to providing our customers with the best shopping experience possible,” said Rita Ohaedoghasi, VP Marketing at Konga. “The Infinix Week during Konga Brand Week allows us to continue delivering on that promise by offering incredible discounts and special offers on some of the most sought-after smartphones in the market.”

To stay updated on the latest developments and exclusive deals during Konga Brand Week, shoppers are encouraged to connect with Konga across all platforms, including social media and the Konga website. Don’t miss out on this opportunity to score big savings and elevate your tech game with Infinix and Konga.


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