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  • Article, Qorent-Xperts
The Critical Role of API Security in Financial Institutions

The Critical Role of API Security in Financial Institutions

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  • Article, Press Mentions
Lagos, 4/03 – Qore, the leading Banking-as-a-Service platform provider in Africa, has partnered with QoreID, A VerifyMe Company, Africa’s foremost data and e-KYC technology provider, to deliver robust, reliable, and real-time identity verification and AI-powered authentications that safeguard financial institutions against financial crime and ensure regulatory compliance. Qore is dedicated to giving more than 500 financial institutions within their ecosystem, in Africa, a competitive edge through their Banking-as-a-Platform (BaaP) proposition, offering complete access to tools created by third-party providers from across the continent. The strategic alliance between Qore and QoreID (A VerifyMe Company), drives the 'know your customer' (KYC) automation and validation process for financial institutions. This will enhance transaction quality, streamline customer onboarding processes, minimize and mitigate fraud resulting from impersonation. Financial institutions can now leverage Qore’s AI (Artificial Intelligence) capabilities to assess the risk associated with onboarding customers, thwart identity theft, prevent money laundering, and uphold compliance standards. This achievement stems from the integration of QoreID’s photo-matching biometric service, which ensures that a customer's photo is captured and matched against the image on their government-issued ID using the government agency database before an account is opened. The services provided by QoreID (A VerifyMe Company) align with Qore’s campaign to reduce fraud within financial services. “We are thrilled to partner with QoreID” says Mudiaga Umukoro, Chief Operating Officer, and Co-founder of Qore. He further states, “Ensuring regulatory compliance and safeguarding the integrity of our customers' data is paramount. By partnering with QoreID, we are reinforcing our commitment to delivering the highest standards of trust, transparency, and security to our valued clients. The robust KYC services offered by QoreID, combined with our advanced solutions, will allow us to provide our customers with an even more secure and reliable identification process to curb fraud cases.”

Qore Partners with QoreID, (A VerifyMe Company) to Enhance Financial Security in Africa

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  • Article, Qorent-Xperts

 Design Thinking in Fintech; Creating User-Centric Experience

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  • Article, Qorent-Xperts

Unlocking the Power of Artificial Intelligence Chatbots in the Financial Services Sector in Africa.

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  • Article, Qorent-Xperts

Naira Currency Volatility: A Challenge for Tier 1 Financial Institutions

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  • Article, Press Mentions

Embracing a Cashless Economy: The Role of POS (Points of Sale) Terminals in Nigeria

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