Regfyl, a startup specialising in Anti-Money Laundering (AML), fraud prevention, and regulatory compliance, emerged as the winner at the Africa Fintech Summit Pitch Competition held recently in Washington D.C.
The Africa Fintech Pitch Competition is a flagship event of the bi-yearly summit that brings together leading fintech innovators, investors and policymakers from across the globe.
Regfyl showcased its cutting-edge technology that utilises artificial intelligence to provide unparalleled AML and fraud prevention solutions, tailored specifically for the diverse and evolving needs of financial institutions in Africa.
CEO of Regfyl, Dr. Tunde Ibidapo-Obe, stated, “Winning this competition highlights the transformative potential of our solution in tackling compliance challenges such as fraud and AML. We provide global-standard compliance solutions at affordable local prices, mitigating forex fluctuation risks.”
CTO, Dr. Tomiwa Erinosho, remarked, “Regfyl’s AI-powered toolkit excels in accuracy, particularly its self-populating politically exposed person (PEP) identification module. The company has also invested heavily in research to support rapidly scaling institutions, enhancing efficiency for fraud and compliance teams across Nigeria and beyond.”
Latest
NOW
Regfyl, a startup specialising in Anti-Money Laundering (AML), fraud prevention, and regulatory compliance, emerged as the winner at the Africa Fintech Summit Pitch Competition held recently in Washington D.C.
8 mins ago
Lagos State has been declared the biggest transit and destination hub for internal or external human trafficking in Nigeria with about 2,074 persons trafficked in the last five years, while 27 were convicted in connection to the crime.
20 mins ago
The National Film and Video Censors Board (NFVCB) has charged stakeholders in the Nollywood industry to ensure that films and musical videos are free of depiction and harmful substances, such as smoking tobacco, criminal acts, ritual killings, and money rituals, among others.
38 mins ago
The people of Soku, in Akuku-Toru Local Council of Rivers State, were excited to receive palliatives from the Niger Delta Development Commission (NDDC) to cushion the effects of health challenges that struck the people early this year.
38 mins ago
The Chief Executive Officer (CEO) of Ove Arup & Partners Nigeria Ltd, Kunle Adebajo, has called for the enactment and enforcement of stringent building codes to mandate the construction of safe and fit-for-purpose buildings.
1 day ago
As the airlift of Nigerian pilgrims entered its second week, the departure of intending pilgrims from six Northern states to the Kingdom of Saudi Arabia will take full swing on Wednesday. Spokesperson for the National Hajj Commission of Nigeria (NAHCON) Fatima Usara in a statement indicated that the pilgrims are from Kaduna, Yobe, Kano, Adamawa,…
1 day ago
Vice President Kashim Shettima has reaffirmed the Federal Government’s resolve to uphold religious freedom and interfaith unity in the country. According to him, regardless of anyone’s position, the place of faith in the nation is not only critical but provides a framework for comfort among citizens and for the stability of the nation at large.…
1 day ago
The Nigerian Army has warned members of the public to exercise caution and restraint in dealing with military personnel and other security operatives, especially when they are in uniform. Army spokesman, Major General Onyema Nwachukwu gave the warning today in a statement. Nwachukwu’s statement is in reaction to recent unrest at Banex Plaza in Wuse,…
1 day ago
Bill Gates, the co-founder of Microsoft and renowned philanthropist, has shared his top book recommendations for the summer of 2024. Known for his dedicated reading habits, his recommendations cover a diverse selection of books including fiction, nonfiction, and even a spy thriller. The list was revealed on his blog, Gates Notes. Bill Gates’ book recommendations…
1 day ago
A 17-year-old aspiring rapper Rylo Huncho (real name Raleigh Freeman III) has died from an accidental self-inflicted gunshot wound. The incident occurred on May 15th while Huncho was filming a video on TikTok. According to authorities in Suffolk, Virginia, Huncho died in his residence. Investigators believe the shooting was unintentional. Disturbing details have emerged, with…
