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E-Business

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

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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.”


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E-Business

Nigeria Strengthens Cybersecurity, Launches National Cleanup Plan

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Nigerian government, through the Office of the National Security Adviser (ONSA) and the National Information Technology Development Agency (NITDA), has announced a strategic collaboration to strengthen cybersecurity and clean up the nation’s cyberspace.

Nigeria Strengthens Cybersecurity, Launches National Cleanup Plan

Recognizing that cybercrime knows no borders, Nigeria also reaffirmed its commitment to fostering stronger global partnerships within the cybersecurity ecosystem.

This announcement was made during a press conference before the inaugural National Cybersecurity Conference, which is scheduled to take place in Abuja from July 9th to 11th, 2025.

Sa’ad Abubakar, national cybersecurity coordinator from the Office of National Security Advisor, said fighting cybercrime must take the whole of society and the whole of the government approach.

According to him, “Apart from the deterrent approach whereby government agencies such as Economic and Financial Crimes Commission (EFCC) arrest individuals, take them to court and prosecute them, the youth can be nurtured into better citizens who can showcase their capacity in better ways and be useful to the country.”

Similarly, Kashifu Abdullahi, director-general, NITDA,  also stressed the need for collaborative efforts in fighting cybercrimes.

According to him “Then, in addition to that, we also want to build a stronger global collaboration with the global cyber security ecosystem, because when you look at cybercrime in general, it doesn’t respect the borders.

“Someone can commit a crime from Ghana using a Nigerian ID in the US. So you can look at him physically in a different jurisdiction, pretending to be in another jurisdiction, committing the crime in another jurisdiction.

“So without that kind of synergy and working together, it will be difficult to address these challenges. The third one is challenge. The third one is getting an alternative to cybercrime for our kids in Nigeria. We have this as a major challenge.”

Inuwa further highlighted the upcoming conference’s importance, noting that it would tackle key issues through workshops, discussions on emerging threats, cross-border cybersecurity collaboration strategies, and training programmes.

He also announced that the National Cybersecurity Conference 2025 would feature the Cybersecurity Excellence Awards, recognising top contributions in the field.

The DG extended an invitation to global partners to collaborate with Nigeria in building a safer digital future.

The press conference was attended by notable figures, including Ahmad Sa’ad Abubakar, National Coordinator of, the National Cybersecurity Coordination Centre (NCCC); Hanniel Jafar, Representative of the President, of Cyber Security Experts Association of Nigeria (CSEAN); Ankit Shukla, Managing Director, QNA Marketing Management LLC and members of the press and other stakeholders.


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E-Business

AXIAN Telecom Invests in Jumia Post-MTN Era

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XIAN Telecom has acquired an 8% stake in pan-African e-commerce company Jumia Technologies, citing the platform’s fintech and logistics strengths as key drivers of its backing.

This marks the first major telecom investment in Jumia since MTN Group’s exit in 2020.

AXIAN, a fast-growing telecom and digital services provider with operations across Africa, disclosed the purchase in a Schedule 13D filing with the U.S. Securities and Exchange Commission.

While the financial terms were not disclosed, AXIAN Telecom CEO, Hassan Jaber, described the move as a strategic alignment with Jumia’s growth trajectory and digital ecosystem.

“Jumia’s achievements in digital retail and fintech, particularly through JumiaPay and its logistics network, make it a very attractive investment for us. We believe in Jumia’s potential to promote financial and economic inclusion, which aligns with our core values,” said Jaber.

Once dubbed the “Amazon of Africa,” Jumia became the first African-founded tech company to list on the New York Stock Exchange in 2019.

But years of underperformance, leadership changes, and competitive pressures dented investor confidence.

In October 2020, South Africa’s MTN Group offloaded its 18.9% stake for $138 million, well below the $698 million value it once held post-IPO.

Since then, Jumia has undergone a significant transformation. Under CEO Francis Dufay, appointed in 2022, the company exited low-performing markets like South Africa and Tunisia, cut costs, and doubled down on core markets – Nigeria, Kenya, Egypt, and Morocco.

The firm is now focused on high-growth verticals, including everyday essentials and digital financial services.

Jumia’s regional CEO for East Africa, Vinod Goel, recently revealed plans to scale up international brand offerings and open its logistics network to third-party businesses.

Jaber underscored that AXIAN Telecom’s investment signals renewed confidence in Jumia’s long-term potential.

The telecom firm’s CEO said the company views Jumia as a key player in advancing Africa’s digital economy, aligning with AXIAN’s mission through its fintech and digital infrastructure brands such as Yas and Mixx by Yas.

 


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NIMC Plans to Register 95 Percent Nigerians by December

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Abisoye Coker-Odusote, director general, National Identity management commission (NIMC) has said that the commission is set to register 95 percent of Nigerians into the National Identity Database before December 2025.

NIMC Plans to Register 95 Percent Nigerians by December

Abisoye Coker-Odusote,, DG, NIMC

She made this statement at a press briefing to highlight the commissions goal aligns with President Bola Tinubu’s Renewed Hope Agenda, particularly on digital governance and inclusive development.

The mass enrollment drive will be powered by a combination of improved infrastructure, expanded registration centres, and robust public sensitization campaigns.

As of May 2025, NIMC reports over 120 million Nigerians have been enrolled, and about 100 million more would be captured by December.


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