Mariama Jalloh-Heyward的动态

As Africa rapidly embraces digital transformation, it opens up new opportunities for financial inclusion. Yet, this progress also comes with heightened risks—most notably, a surge in application fraud. Traditional fraud prevention methods are no longer enough to keep up with the increasingly sophisticated tactics used by modern fraudsters. So, how can businesses and financial institutions stay ahead of these challenges? On 30 October, join industry experts (Jason Abbott, Director of Fraud Solutions, Provenir and Mariama Jalloh-Heyward, Programme Director, AIR - Alliance for Innovative Regulation) as we dive deep into this critical issue and explore how adopting a holistic fraud prevention approach can safeguard against rising threats. Gain practical insights and strategies to help redefine your approach to fraud prevention in Africa’s digital age. ?? Key Takeaways: - Current fraud trends in Africa's digital landscape - The limitations of traditional prevention methods - How a holistic approach can improve your fraud detection and prevention efforts Secure your spot now: https://shorturl.at/8k5vC Segun Aina, Chilekwa Banda, Ali Hussein Kassim, Jameelah Sharrieff-Ayedun, Ph.D., Patrick Saidu Conteh PhD, FCCA(UK), MBA, BSc(Hons)., Alex SEA, Kagisho Dichabe, Reuben Mwatosya, Cathy Starr, Josephine Olok, Noha Shaker, Digital Finance Practitioners Association of Zimbabwe, DRC Fintech Association, Association Fintech Madagascar, Fintech Association Of Nigeria Association For Digital Finance Practitioners - ADFP Zambia, Association of Fintechs in Kenya, Ghana Fintech and Payments Association, Fintech Association of South Africa (FINASA), Mauritius Africa FinTech Hub, Egyptian FinTech Association, Tanzania Fintech Association (TAFINA), FITSPA Uganda, Fintech Association of Botswana, FINTECH.MZ - Mozambique Fintech Association, Alliance of Digital Finance and Fintech Associations Wave Mobile Money, Making Finance Work for Africa (MFW4A), Ripple, Cedar-IBSi Capital & FinTech Lab, AFRICA FINTECH FORUM, Ecobank Transnational Incorporated, Cenfri, Africa Digital Financial Inclusion Facility (ADFI)), Digital Pilipinas, International Digital Economies Association iDEA

Have you been affected by digital fraud? Join us as Jason Abbott from Provenir and Mariama Jalloh-Heyward from AIR - Alliance for Innovative Regulation bring their wealth of experience to address one of Africa's most pressing challenges. This dynamic session will focus on the theme: "Mitigating Digital Fraud in Africa: A Holistic Approach to Combating Emerging Threats." Our esteemed panelists will explore the latest trends, risks, and innovative strategies to protect businesses and consumers in Africa's burgeoning digital economy. From regulatory frameworks to technological solutions, they’ll provide you with actionable insights to safeguard your organization against the ever-evolving landscape of digital fraud. This is a must-attend webinar for anyone involved in Africa’s financial sector, whether you're in fintech, banking, or any industry impacted by digital transactions. You can’t afford to miss this opportunity to learn from industry leaders and equip your team with the tools to combat fraud effectively. Secure your spot today and don’t forget to share this opportunity with your colleagues and network! Register now: https://shorturl.at/8k5vC Segun Aina, Ali Hussein Kassim, Jameelah Sharrieff-Ayedun, Ph.D., Patrick Saidu Conteh PhD, FCCA(UK), MBA, BSc(Hons)., Alex SEA, Kagisho Dichabe, Deji Ajani, Ph.D., Adrian Pillay, Reuben Mwatosya, Josephine Olok, Cathy Starr, Digital Finance Practitioners Association of Zimbabwe, DRC Fintech Association, Association Fintech Madagascar, Fintech Association Of Nigeria Association For Digital Finance Practitioners - ADFP Zambia, Association of Fintechs in Kenya, Ghana Fintech and Payments Association, Fintech Association of South Africa (FINASA), Mauritius Africa FinTech Hub, Egyptian FinTech Association, Tanzania Fintech Association (TAFINA), FITSPA Uganda, Fintech Association of Botswana, FINTECH.MZ - Mozambique Fintech Association, Alliance of Digital Finance and Fintech Associations Wave Mobile Money, Making Finance Work for Africa (MFW4A), Ripple, Cedar-IBSi Capital & FinTech Lab, AFRICA FINTECH FORUM, Ecobank Transnational Incorporated, Cenfri, Africa Digital Financial Inclusion Facility (ADFI), Digital Pilipinas, International Digital Economies Association iDEA

Have you been affected by digital fraud? Join us as Jason Abbott from Provenir and Mariama Jalloh-Heyward from AIR - Alliance for Innovative Regulation bring their wealth of experience to address one of Africa's most pressing challenges. This dynamic session will focus on the theme: "Mitigating Digital Fraud in Africa: A Holistic Approach to Combating Emerging Threats." Our esteemed panelists will explore the latest trends, risks, and innovative strategies to protect businesses and consumers in Africa's burgeoning digital economy. From regulatory frameworks to technological solutions, they’ll provide you with actionable insights to safeguard your organization against the ever-evolving landscape of digital fraud. This is a must-attend webinar for anyone involved in Africa’s financial sector, whether you're in fintech, banking, or any industry impacted by digital transactions. You can’t afford to miss this opportunity to learn from industry leaders and equip your team with the tools to combat fraud effectively. Secure your spot today and don’t forget to share this opportunity with your colleagues and network! Register now: https://shorturl.at/8k5vC Segun Aina, Ali Hussein Kassim, Jameelah Sharrieff-Ayedun, Ph.D., Patrick Saidu Conteh PhD, FCCA(UK), MBA, BSc(Hons)., Alex SEA, Kagisho Dichabe, Deji Ajani, Ph.D., Adrian Pillay, Reuben Mwatosya, Josephine Olok, Cathy Starr, Digital Finance Practitioners Association of Zimbabwe, DRC Fintech Association, Association Fintech Madagascar, Fintech Association Of Nigeria Association For Digital Finance Practitioners - ADFP Zambia, Association of Fintechs in Kenya, Ghana Fintech and Payments Association, Fintech Association of South Africa (FINASA), Mauritius Africa FinTech Hub, Egyptian FinTech Association, Tanzania Fintech Association (TAFINA), FITSPA Uganda, Fintech Association of Botswana, FINTECH.MZ - Mozambique Fintech Association, Alliance of Digital Finance and Fintech Associations Wave Mobile Money, Making Finance Work for Africa (MFW4A), Ripple, Cedar-IBSi Capital & FinTech Lab, AFRICA FINTECH FORUM, Ecobank Transnational Incorporated, Cenfri, Africa Digital Financial Inclusion Facility (ADFI), Digital Pilipinas, International Digital Economies Association iDEA

Join us for our upcoming webinar, "Mitigating Digital Fraud in Africa: A Holistic Approach to Combating Emerging Threats," on October 30, 2024. As Africa's fintech sector continues to grow, the fight against digital fraud becomes more important than ever. This webinar will provide a thorough exploration of strategies to tackle these challenges. Our key speakers include Mariama Jalloh-Heyward, a fraud prevention expert in fintech, who will offer valuable insights on strengthening defenses against digital fraud, and Jason Abbott, a leader in financial security, who will share proven methods and emerging trends for combating digital threats in the fintech industry. Don't miss out—register now: https://shorturl.at/8k5vC Segun Aina, Chilekwa Banda, Ali Hussein Kassim, Jameelah Sharrieff-Ayedun, Ph.D., Patrick Saidu Conteh PhD, FCCA(UK), MBA, BSc(Hons)., Alex SEA, Kagisho Dichabe, Jo?lle Sow, Reuben Mwatosya, Josephine Olok, Benazeer Sa?doo, Noha Shaker, Digital Finance Practitioners Association of Zimbabwe, DRC Fintech Association, Association Fintech Madagascar, Fintech Association Of Nigeria Association For Digital Finance Practitioners - ADFP Zambia, Association of Fintechs in Kenya, Ghana Fintech and Payments Association, Fintech Association of South Africa (FINASA), Mauritius Africa FinTech Hub, Egyptian FinTech Association, Tanzania Fintech Association (TAFINA), FITSPA Uganda, Fintech Association of Botswana, FINTECH.MZ - Mozambique Fintech Association, Alliance of Digital Finance and Fintech Associations Wave Mobile Money, Making Finance Work for Africa (MFW4A), Ripple, Cedar-IBSi Capital & FinTech Lab, Provenir, AFRICA FINTECH FORUM, Ecobank Transnational Incorporated, Cenfri, Africa Digital Financial Inclusion Facility (ADFI), Digital Pilipinas, International Digital Economies Association iDEA

How eKYC is Simplifying Financial Access in Africa African businesses are rapidly adopting digital solutions, driving a surge in demand for secure and efficient eKYC verification. Smile ID's report shows a 50% increase in KYC checks in the first half of 2023 compared to the same period in 2022. This rise in eKYC usage coincides with a decrease in fraudulent onboarding attempts (from 28% to 23%). The report also highlights that Kenya has seen a rise in fraud attempts (10% in January to 17% in June 2023), making it the highest-risk country for ID fraud. On the other hand, South Africa has seen a significant drop (from 17% to 8%) in fraud attempts. Governments across Africa are implementing digital identity systems to keep pace with the digital transformation. Examples include Ethiopia's "Fayda" program and Kenya's new digital ID system. These initiatives are expected to further accelerate financial inclusion on the continent. Africa is becoming more popular in the fintech world by the day. International Fintech Business (IFB) offers different financial licenses such as forex, gambling, and PSP in South Africa. Contact us today! For details: [email protected] More info: ifbusiness.uk #IFB #Fintech #KYC #Africa?

?? ???????????????????? ?????? ???? ??????????'?? ?????????????? ???????????? ?????????????? ???????????? – ?????????????? ?????? ?????? ?????????????????? ???????????? ?? This week, a high-profile case took center stage in Kenya’s Anti-Corruption High Court, revealing the extent of a staggering Ksh 449.6 million heist from Fuliza, Safaricom’s mobile lending platform. Seven suspects were arraigned, facing allegations of laundering millions through various bank accounts, acquiring luxury vehicles, and even evading the platform’s safeguards. As investigations deepen, corporate entities are now under scrutiny, with possible insider involvement suspected. ?????? ?????????????????? ???????????????? ???????? ?????? ????????: 1. How did 23,000 SIM cards change hands without detection? 2. How did the suspects bypass Fuliza’s security protocols? 3. What role did corporate entities play in facilitating this operation? The court has ordered the forfeiture of high-end assets and placed serious focus on strengthening the financial sector’s internal controls and due diligence mechanisms. This case serves as a wake-up call on the vulnerabilities within mobile lending and digital banking. ?????? ?????????????????? ?????? ?????? ?????????????????? ????????????: ?? Enhanced Security and Monitoring: Safeguards for both lending and large transfers must evolve to detect and halt unusual activity more effectively. ?? Collaborative Investigation: Working closely with law enforcement and asset recovery agencies is essential to track, recover, and prevent further losses. ?? Accountability in Corporate Structures: Corporate entities, especially financial institutions, must prioritize transparency in their processes and remain vigilant against potential money-laundering channels. This case highlights the growing sophistication of financial fraud and the need for a robust digital finance framework. A proactive approach, strengthened by cross-sector partnerships, could safeguard millions in assets, while helping to maintain customer trust in digital lending. Photo courtesy: DCI, Kenya ???? #FinancialSecurity #DigitalFinance #AntiCorruption #AssetRecovery #Kenya

Navigating the FinTech Revolution: Balancing Innovation and Stability The rapid growth of FinTech has undoubtedly transformed the financial services landscape across West Africa. While this innovation has expanded access to credit, streamlined payments, and driven economic progress, it has also introduced new risks that regulators must address. As the Central Bank of Nigeria Governor Olayemi Cardoso rightly pointed out, the increasing transaction volumes of Non-Bank Financial Institutions (NBFIs) and Other Financial Institutions (OFIs) pose a potential threat to financial system stability. This is a valid concern that must be tackled proactively. However, the solution is not to stifle #FinTech innovation. Rather, it is to develop robust regulatory frameworks that foster compliance with international standards and mitigate systemic risks. This includes: ?? Strengthening anti-money laundering practices ??? Enhancing supervisory capacity on cybersecurity and FinTech regulation ?? Implementing risk-based supervisory approaches By striking the right balance between innovation and stability, we can harness the transformative power of FinTech while ensuring the financial sector's resilience. This will be crucial as the NBFI sector continues to grow in influence and importance across the WAMZ region and Africa in general. The path forward requires collaboration between #Regulators, #FinTech firms, and traditional financial institutions. Together, we can navigate this digital revolution and unlock new frontiers of financial inclusion and economic prosperity. #FinTech #FinancialRegulation #FinancialStability #Innovation #WestAfrica

Nigerian digital identity verification and fraud detection startup, Regfyl, has raised $1.1 million in a pre-seed funding round. The company aims to tackle the growing financial crime and compliance challenges faced by fintech firms and banks in Africa. Regfyl's platform combines various checks into a single API request, offering features like Politically Exposed Persons (PEP) screening, checks against local and international sanctions lists, and ID verification. The company's transaction monitoring system, tailored to Africa's financial sector, differentiates it from other providers. Regfyl plans to use the new funding to expand its business development, engineering, and customer success teams. Regfyl is an innovative Nigerian startup specializing in digital identity verification and fraud detection solutions. The company recently secured $1.1 million in a pre-seed funding round, aiming to address the growing financial crime and compliance challenges faced by fintech firms and banks in Africa. Founded by Dr Tunde I.-Obe and Tomiwa Erinosho, Regfyl focuses on streamlining anti-money laundering (AML) compliance for African fintechs and banks, particularly given that over 90% of fintech companies in Nigeria struggle to meet AML requirements. The company differentiates itself through its AI-powered technology, which is trained on regional data to detect and prevent fraud unique to African markets. With the new funding, Regfyl plans to expand its business development, engineering, and customer success teams. Its platform combines various checks into a single API request, offering features like Politically Exposed Persons (PEP) screening, checks against local and international sanctions lists, and ID verification. Regfyl's transaction monitoring system, tailored to the specific needs of Africa's financial sector, sets it apart from competitors. The company aims to help African financial institutions navigate the complex landscape of rapidly evolving regulations and the need for efficient operations. Musha Ventures,?Techstars,?RALLYCAP VENTURES,?DCG Expeditions,?Africa Fintech Network #innovation #management #digitalmarketing #technology #creativity #futurism #startups

#Ethiopia #Economy The increasing frequency and magnitude of financial fraud in the country shows that the national framework of financial accountability and integrity needs a huge boost. The progress in uptake of digital financial instruments and inclusion of more people to the net means that the risk of fraud is increasing. The progress in terms of enhancing institutional and systemic readiness for preventing and managing financial fraud is very low. Enhancing financial sector integrity is not ticking the boxes of a given AML/CFT standard. It is rather having a system that effectively identifies, mitigates and manages frauds. It is a combination of technological, human and procedural arrangements of scrutinizing transactions. It is also about creating an ecosystem of capabilities that works together to avoid systemic level frauds. From banks to fintechs, from the national switch to mobile banking providers, and from payment service providers to saving and credit associations, there is a lot that needs to be done to create an effective system of financial integrity and accountability. A lot can be learned from our African peers - such as Ghana, Algeria, Botswana and Egypt. Losing 3 billion ETB to local frauds, and leaking 3.1 billion in crossborder IFFs cannot be taken as an easy matter. Much as the Financial Intelligence Center needs a revamp to match the rising risks, ensuring integrity is not about one institution. It rather is about creating the right institutional and systemic elements to protect financial consumers from frauds. It is now the right time to effectively streamline financial integrity and accountability in Ethiopia’s financial sector.

bceao (compte officiel) IB bank Togo Ecobank Cameroon Munya Chiura Flutterwave Africa Private Equity News Team Minerva RegTech Jean-Claude Rochat LEI Africa Central Bank of Nigeria Central Bank of Egypt Damian Crowe ?? Global Financial Scams: An Alarming Overview for 2023 ?? According to Nasdaq's 2024 Global Financial Crime Report, the total monetary loss from financial scams worldwide in 2023 reached a staggering $485.6 billion. This figure underscores the growing threat of financial fraud and its devastating impact on businesses and individuals alike. Key Highlights: - Payments Fraud dominated the losses, accounting for an astonishing $386.8 billion—over 80% of the total losses. Real-time payment systems are particularly vulnerable as fraudsters exploit these platforms to reroute funds. - Business Email Compromise has surged, causing $6.7 billion in losses. Fraudsters increasingly use sophisticated methods to impersonate legitimate businesses, tricking customers into sending payments to fraudulent accounts. #Breakdown of Losses by Scam Type - Payments Fraud:$386.8 billion - Credit Card Fraud: $28.6 billion - Check Fraud: $26.6 billion - Advance Fee Scams:$19.1 billion - Cyber-enabled Scams $10.0 billion - Impersonation Scams:$6.8 billion - Employment Scams:$3.9 billion - Confidence Scams: $3.8 billion In Africa, the financial landscape also faces significant challenges, with over $11 billion accounted for in scams. To combat this, LEI Africa is leading the way by providing comprehensive solutions to banks and fintechs through seamless API integration. Stay vigilant and informed. For more insights and solutions, visit [https://lnkd.in/gHYciK9R). #P2P Payments Gateways #APisLEI #FinancialScams #FraudPrevention #CyberSecurity #LEIAfrica #Fintech #GlobalFinance