Connect with us

E-Business

Azentio Software, Regula Partner to Reinforce Identity Verification for Digital Onboarding

Published

on

Kindly share this post

Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, has announced a strategic partnership with Regula, a global developer of forensic devices and identity verification (IDV) solutions.

This partnership will enable Azentio to harness Regula’s expertise in identity verification and thereby, boost its ability to seamlessly embed IDV in its digital onboarding solutions. Two Regula’s solutions, Regula Document Reader SDK and Regula Face SDK, will be integrated with Azentio ONEBanking and Azentio ONECapitalMarkets platforms.

With a complete identity verification flow, Regula Document Reader SDK will ensure automated and secure identity proofing, while Regula Face SDK will instantly perform biometric verification including liveness detection and face matching within a single interaction.

These technologies will equip Azentio’s clients with instant and fraud-free ID verification, adding confidence, efficiency, and security to their operational processes.

“Regula Document Reader SDK allows comprehensive identity document authenticity checks as an integral part of a larger KYC procedure. In remote onboarding scenarios, the solution instantly captures a provided ID, automatically identifies its type, reads and cross-validates data from visual zone, MRZ, barcode, and RFID chip to ensure there are no inconsistencies, and performs extensive authenticity checks of every security feature to determine any alterations that may indicate fraud.

Backed by Regula’s proprietary document template database, which is the most comprehensive in the world with over 13,000 templates of IDs from 247 countries and territories, Regula Document Reader SDK can verify nearly any identity document regardless of its type or country of origin.

For Azentio’s vast clientele of banks and financial institutions with operations across Asia, the Middle East and Africa, it will be a vital and versatile asset.

Regula Face SDK will help Azentio’s clients reinforce identity verification with biometric checks, using the solution’s advanced face matching and liveness detection technologies.

It helps ensure that an organization onboards a real person and they are who they claim to be by comparing a selfie with other portraits in the identity document. Biometric verification is a reliable anti-fraud measure that helps significantly eliminate the risk of even the most sophisticated presentation attacks.

Khaled Berjawi, Head of Product Management, Banking & Capital Markets, Azentio, stated, “At Azentio, cultivating a seamless, secure, and technologically advanced digital onboarding experience is not just a mission; it’s an obsession.

“With Regula as our strategic partner, we’re not merely changing the game; we’re rewriting the rules of trust in the digital age. Together, we’re guiding our clients towards a future where trust meets innovation, orchestrating a symphony of cutting-edge technology and unwavering trust that sets the stage for a new era of identity verification.”

Ihar Kliashchou, Chief Technology Officer, Regula, commented, “We are glad to join forces with Azentio to bolster identity verification in remote onboarding and KYC processes for banks and other financial institutions across continents.

“Financial services are among the most vulnerable industries when it comes to identity fraud. Our recent survey showed that such a threat cost nearly half a million US dollars to every third bank in the world last year. So, this industry really needs the strictest regulation and consequently, the most powerful solutions that can meet such high standards.”


Kindly share this post

Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

E-Business

CNCF, Andela Partner to Train Over 20,000 African Tech Professionals

Published

on

Kindly share this post

The Cloud Native Computing Foundation® (CNCF®), which builds sustainable ecosystems for cloud-native software, along with Linux Foundation Education, the training and certification arm of the Linux Foundation, has partnered with Andela, home to the world’s largest private tech talent marketplace, to train 20,000 to 30,000 African technologists in cloud native basics to enable them to excel in jobs globally as cloud-native development grows.

The training—done at no cost to the participants—will begin next year and unfold over two to three years. Participants will have the opportunity to train for the Kubernetes and Cloud Native associate (KCNA) certification, which demonstrates a user’s foundational knowledge and skills in Kubernetes and the wider cloud native ecosystem, and the Certified Kubernetes Application Developer (CKAD), which certifies that users can design, build, configure, and expose cloud native applications for Kubernetes.

“This partnership showcases the global impact of CNCF’s education programs. By standardizing cloud native knowledge, developers across the globe can confidently work toward certifications that will enable them to land developer positions both within their own countries and globally,” said Chris Aniszczyk, CTO at the CNCF.

“By partnering with Andela, which has a long history of training technologists in Africa, we see great opportunity in providing our training to communities that may otherwise not have access. Together, we can create a win-win for companies that need workers and workers that need opportunities.”

According to Google’s Africa Developer Ecosystem Report 2021, the increased global demand for remote tech talent, which was accelerated by the pandemic, created more remote employment opportunities for African developers. Now, 38% of African software developers work for at least one company based outside the continent.

“We are excited to partner with CNCF to extend training and, ultimately, enhance job opportunities for African workers. The continent is emerging as one of the most important markets in the world.

“It has the fastest-growing population of developers, and its young workforce will be key to solving the tech talent shortage,” said Carrol Chang, Andela CEO. “Organizations are looking for talent with advanced skill sets like AI and cloud-native, and this particular skill set is a perfect addition to the Andela marketplace.”

Training participants will take six to nine months to achieve the KCNA and CKAD certifications and will be selected from Andela’s talent marketplace, which includes 150,000 technology professionals globally, with a large percentage from Africa. Andela’s talent marketplace in Africa spans 49 countries, including Nigeria, Kenya and Ghana.

The company fosters an active community for marketplace participants and has worked with numerous companies, including Google, Meta, Microsoft, AWS, and Nvidia, to train talent in technologies that offer vast workplace opportunities.

The need for cloud-native developers continues to increase and a recent study by CNCF revealed that almost 55% of developers landed a new job as a result of training and certification courses.

Almost 7 in 10 (67%) said it made them feel more engaged and fulfilled in their work. However, 8 in 10 (81%) also said cost prevented them from completing certifications.

“As a non-profit focused on growing open source and cultivating the IT talent needed to sustain it, partnerships – like this one with Andela – help us train and certify underrepresented groups, which is crucial to both our long-term success and amplify our impact,” said Clyde Seepersad, Senior Vice President and General Manager of Linux Foundation Education.


Kindly share this post
Continue Reading

E-Business

Breaking Barriers: QNET’s Product Expo Opens Doors for Nigerian Entrepreneurs

Published

on

Kindly share this post

QNET, a global lifestyle and wellness-focused direct-selling company, in partnership with Transblue Nigeria Ltd, hosted a successful Product Expo at Anchor Events Place, Ikeja, Lagos.

The event showcased QNET’s diverse product line, addressing misconceptions and empowering Nigerian entrepreneurs.

Mr. Akeem Ajisafe, Managing Director of Transblue Nigeria Ltd, emphasized the expo’s significance: “This is our opportunity to showcase our products, tackle misconceptions, and educate people about QNET’s direct-selling approach.”

QNET’s partnership with Transblue has yielded multiple workshops and exhibitions, promoting economic viability and youth empowerment.

Ajisafe highlighted the benefits: “QNET has contributed significantly to Nigeria’s tax revenue, and our programs teach entrepreneurship skills, enabling individuals to build their own businesses.”

Commander Mitchell Ofoyeju, Tincan Island Port Strategic Command, Lagos, praised QNET’s potential: “The product line is amazing, people-centric, and has great potential in Nigeria. It’s impressive, and I recommend it to young Nigerians.”

Ofoyeju emphasized QNET’s capacity-building opportunities: “This can generate wealth, increase productivity, and engage youth meaningfully, keeping them away from crime and illicit activities.”

The expo featured health products, luxury watches, jewelry, and educational materials, demonstrating QNET’s commitment to enhancing lives through innovative products.

As QNET continues to expand its presence in Nigeria, the partnership with Transblue is poised to empower entrepreneurs, promote economic growth, and foster a positive impact on Nigerian youth.


Kindly share this post
Continue Reading

E-Business

ALX Nigeria Champions Innovation and Growth at Akwa Ibom Tech Expo and Ogun Digital Summit

Published

on

Kindly share this post

ALX, Africa’s leading tech accelerator, recently demonstrated its commitment to tech skills acquisition and fostering inclusive growth across Nigeria by participating in two significant industry events: the Akwa Ibom Tech Week and the Ogun Digital Summit.

Ruby Igwe, Country General Manager for ALX Nigeria, attended the Akwa Ibom Tech Expo, where she participated in a panel session discussing the topic ‘Leveraging Innovation for Inclusive Growth’.

She emphasised the critical role of building an inclusive community encouraging freedom and innovation through tech skills empowerment.

“ALX is an organisation focused on development, providing opportunities for the millions of African and Nigerian youths that make up our community. We recognise the uniqueness of each member of our community and encourage them to be themselves.”

Ruby stated. “When we think about innovation we encourage our community members to come from a problem-solving approach. Focusing on the problem and interrogating it with the right data will only lead to coming up with the right solution.”

Nkechi Belinda Idinmachi, Fellowship Specialist at ALX Nigeria, spoke at the event and highlighted the global talent shortage driven by widespread digital transformation across organizations.

“There is a massive shortage of talent globally with a projected spike of 83 million by 2023. ALX is on a mission to create more opportunities for young Africans, and to date, we have trained over 200,000 young people across Africa. We have mastered training at scale with our infrastructure.” She stated.

Following the Akwa Ibom Tech Week, ALX also had a notable presence at the Ogun Digital Summit, which brought together innovators, industry leaders, and tech enthusiasts from across the country.

At both events, participants had the opportunity to engage with the award-winning tech career accelerator and learn about the world-class offerings available within the ALX ecosystem.

From state-of-the-art tech hubs to a vibrant community, and world-class tech programmes, ALX continues to reaffirm its commitment to nurturing the next generation of African leaders.


Kindly share this post
Continue Reading

Trending