The fintech industry in Africa has experienced rapid growth over the past seven years, emerging as the most populous and well-funded sector among tech startups on the continent. However, as the industry continues to expand, so do the threats to its security, one of which is The increasing availability of AI impersonation technology.
This is one of the most significant concerns, as it has the potential to compromise the effectiveness of current KYC protocols and other fintech security measures. On the show, Lanre Ogungbe, CEO of Prembly (parent company of Identitypass) elaborates further
Lanre is a strategic advisor at Johns Hopkins University's technology venture where he advises multiple startups within the university ecosystem. Additionally, he sits on the National Assembly Business Environment Roundtable in Nigeria, where he provides invaluable insights from his expertise in digital business to craft effective legislation.