Technology
Driving Digital Payment Growth: Perspectives from Interswitch at CeBIH 2023
Although the 2023 Committee of e-Business Industry Heads (CeBIH) annual conference has come to an end, echoes of the insightful conversations and the exchange of forward-thinking ideas continue to linger. A notable highlight from the conference was the appeal from financial stakeholders for collaborative efforts to enhance and drive the growth of digital payments in Nigeria.
This year’s conference, themed, ‘Driving Market Expansion through Ecosystem Collaboration’, emphasized the importance of joint efforts in driving economic growth and prosperity.
In line with its commitment to enhancing collaboration as well as driving the growth of digital payments in Africa, one of Africa’s leading integrated payments and digital commerce companies, Interswitch featured as the premium sponsor of the 2023 annual conference of CeBIH.
Speaking during the event, Akeem Lawal, the Managing Director for Payment Processing and Switching (Interswitch Purepay), stated that mutual partnerships help shape the financial industry and position industry players for emerging technologies and future disruptions.
He noted that digital payment has evolved globally, and it has become imperative for financial players to leverage collaboration to co-create products for growth and profitability. He expounded on Interswitch’s efforts in collaborating with other players in the industry to drive economic prosperity.
In the interest of strategic associations, Interswitch recognizes the impact of supporting initiatives such as the CeBIH conference, where salient issues regarding the advancement of the financial ecosystem and related matters are identified and brought to the fore. Its appreciation of the platform is consolidated by its premium sponsorship of the 2023 event.
The company’s forward-thinking approach to topics such as collaboration, financial inclusion, modernization, and value financing aligns with its vision to propel growth across Africa.
Furthering Interswitch’s commitment to payment advancement and consolidation, Susan Fasipe, Head of Retail Payments at Interswitch, delivered an insightful paper where she delved into the dynamic landscape of payment modernization trends, elucidating on the transformative impact of evolving consumer expectations and technological advancements.
Fasipe emphasized the importance of continuous innovation in the payment sector, highlighting the role it plays in meeting the ever-changing demands of customers. Case in point is the newly developed Interswitch Enterprise Payment Platform which enhances business development and provides seamless payment solutions to customers across Africa.
Similarly, Paul Ohakim, Vice President for Issuing & Acquiring Management at Verve said Verve recently designed the Verve Ultra card product to provide banks, microfinance banks and merchants with credit facilities to solve their customers’ urgent needs.
He highlighted the Verve Ultra card’s value proposition such as the contactless payment capability, and a 45-day interest-free period among other benefits, reaffirming Verve’s commitment to enhancing financial inclusion and enhancing the overall experience for cardholders.
The event ended on a high note as Mitchell Elegbe, the founder and GMD of Interswitch Group was awarded the 2023 Payment Industry Lifetime Achievement Award in recognition of his outstanding contributions to the financial industry since inception.
As participants reflected on the event marked by intriguing debates and strategic networking, the consensus was clear., through such ecosystem collaborations, the financial industry can effectively address and overcome the complexities of today’s financial environment.
Technology
Identy.io Announces Strategic Expansion into Nigeria, Kenya
By Adedapo Adesanya
A global biometric authentication technology company specialising in secure, mobile-first identity verification, Identy.io, has announced its expansion plans into Africa with a pilot focus on Nigeria and Kenya.
The firm disclosed in a statement that it has appointed a regional leadership team to engage with key stakeholders across the government, financial services, telecommunications, and other regulated sectors in both countries.
These include Mr Olajide Olasiyan-Ola as Regional Head for West Africa, Mr Edwin Mutisya as the Senior Sales Manager, and Mr Matus Kapusta as the Product Director for Identy.io’s Automated Biometric Identification System (ABIS) product portfolios.
Amid the need for effective identity solutions becoming increasingly urgent, countries like Kenya and Nigeria are making significant investments in public digital infrastructure by integrating identity systems with public services, financial access, and mobile connectivity as part of their broader economic development agendas. This is helping to implement national digital identity systems to improve service delivery, promote financial inclusion, and develop digital public infrastructure.
The World Bank’s ID4D data indicates that approximately 80 per cent of adults in Sub-Saharan Africa possess basic identification. However, there are significant disparities between countries, with many having coverage below 70 per cent. These gaps hinder access to essential services and economic opportunities.
With Identy.io coming into the fold, its regional leadership team will collaborate with clients across the public and private sectors to support responsible, scalable identity implementations aligned with national digital transformation priorities.
After Nigeria and Kenya, the firm plans to expand into additional African markets as part of a phased regional growth strategy.
According to Mr Antony Vendhan, Co-founder of Identy.io, “We are transforming the traditional industry model, which often relies on expensive and inflexible digital infrastructure. Instead, Identy.io adopts a software-first approach, minimising reliance on specialised biometric hardware. Our technology supports biometric capture using standard smartphones, processes identity documents, issues digital identities to individuals lacking formal identification, and facilitates large-scale biometric verification and deduplication.”0
“This innovative yet simplified approach allows our clients to reach underserved communities by providing individuals with multimodal access to secure their digital identities and explore new economic opportunities,” he stated.
As part of Identy.io’s industry validation strategy, the company’s ABIS system has completed MOSIP’s partner compliance process and is listed on the MOSIP Marketplace. This platform offers compliant technologies that governments and ecosystem partners can evaluate for MOSIP-aligned deployments. MOSIP helps governments conceive, develop, implement, and own foundational digital ID systems tailored to their unique needs.
Technology
ZeroDrift Receives $2m in Pre-Seed Capital for AI-driven Tools
By Dipo Olowookere
A $2 million pre-seed round to automate compliance in real time, unlocking business velocity while giving compliance teams infrastructure to scale oversight has been received by ZeroDrift.
The fresh capital was pumped into the firm by a16z speedrun. It is to support the company’s go-to-market launch, product expansion across communication channels, and continued development of its AI-driven compliance engine.
The organisation plans to deepen its coverage across financial services before expanding its rule-based compliance engine into other regulated sectors, including insurance, healthcare, ESG disclosures, and AI governance.
The long-term vision is to become the universal trust layer for any system that communicates, ensuring that as AI and automation scale, trust, safety, and compliance scale with them.
ZeroDrift is an AI-native communication firewall that validates and fixes content before it is sent, giving compliance teams control at scale and business teams the speed to execute.
The platform encodes SEC, FINRA, and firm-specific policies into machine-readable rulepacks, then enforces them at the point of creation.
ZeroDrift integrates directly into tools teams already use, including email, browsers, CRMs, websites, social platforms, and AI systems.
Content is checked instantly, issues are flagged with suggested fixes, and compliant messages move forward without delay. Compliance teams retain full visibility through centralised dashboards, audit trails, and exam-ready evidence generated automatically.
ZeroDrift is launching initially in financial services, serving registered investment advisors, asset managers, broker-dealers, and wealth platforms.
The market includes more than 15,000 RIAs, 3,500 asset managers, and hundreds of thousands of registered representatives in the United States alone.
Early use cases include faster campaign launches, higher sales velocity, safe deployment of client-facing AI, and instant exam readiness without last-minute scrambles.
“People do not want to be non-compliant. They have no way to know if what they are writing is acceptable until it is too late.
“Compliance should be a guardrail that lets teams move faster, not a gate that slows everything down. Our goal is to make compliance happen automatically at the speed of work,” the chief executive of ZeroDrift, Kumesh Aroomoogan, said.
A representative of a16z speedrun, Troy Kirwin, said, “Compliance has quietly become a limiting factor for how fast regulated companies can operate. ZeroDrift flips that dynamic by preventing violations before they happen and making compliance a built-in part of everyday workflows.”
Technology
Region-Aware Login Systems Adapting Security Rules to Local Regulations
The online world often feels borderless, but geography has never mattered more for security. As data laws like GDPR and CCPA evolve, the “one-size-fits-all” login is becoming obsolete. Sophisticated platforms now use region-aware systems—intelligent gateways that detect a user’s location and recalibrate security protocols to meet local legal requirements. By treating location as a primary credential, these systems move away from the “Wild West” era, allowing companies to respect digital sovereignty while maintaining a high-performance experience.
Moving Beyond the Universal Digital Identity
In the early days of the internet, security was largely a choice made by the platform provider. If a company wanted to require a long password, they did; if they didn’t, a simple four-digit PIN might suffice. However, we have entered an era of “Regulatory Fragmentation.” Governments now take an active role in defining what “adequate security” looks like, and these definitions change as soon as you cross a digital border. A platform that ignores these regional nuances risks more than just a poor user experience; it risks massive fines and the potential loss of its operating license.
The concept of a “universal” login is being replaced by “contextual authentication.” This means the system asks: “Who are you, and where are you?” before it even presents the password field. By understanding the context of the login attempt, the system can dynamically adjust. For example, a user logging in from a jurisdiction with strict data-export laws might be blocked from accessing sensitive information unless they pass an additional biometric check, whereas a user in a less regulated area might enjoy a faster entry process.
Strategic Compliance in High-Regulated Environments
High-compliance industries like finance and gaming require 100% certainty regarding a user’s location. In these sectors, regional adaptation is a foundational requirement for doing business legally.
For example, online casinos, like https://nv.casino/en, demonstrate why these adaptations are essential for a safe experience. Because state and national gaming laws vary significantly, a region-aware login ensures that the software instantly recognizes a player’s jurisdiction and applies relevant safeguards. In some regions, this means enforcing strict two-factor authentication (2FA); in others, it involves real-time identity verification against local databases. This localized approach protects user data and ensures providers remain compliant with diverse gaming commissions without creating a restrictive experience for the player.
The Multi-Layered Tech Stack Behind Global Gateways
Modern systems verify location by analyzing multiple “signals” within milliseconds. To ensure speed and accuracy, several core technologies work in tandem behind the scenes:
- IP intelligence: Databases map IP addresses to physical locations while filtering out known proxy servers and fraudulent VPNs.
- Latency analysis: By measuring the time data takes to travel, systems can detect if a user is “spoofing” their location from across the globe.
- Edge computing: Processing logic at local server nodes ensures that regional rules are applied instantly without slowing down the page.
- Device fingerprinting: Identifying hardware and software settings helps verify if a device matches the typical profile for its reported region.
Solving the Friction Problem with Adaptive Security
The “Holy Grail” of login security is “Adaptive Friction.” The idea is to make entry easier for “known” or low-risk attempts while automatically “dialing up” security for high-risk regions or strict regulatory territories.
This prevents forcing users in low-regulation areas through unnecessary verification steps. By tailoring security to the location, platforms offer the smoothest possible entry point while maintaining a competitive edge. This localized efficiency has become a major selling point for global apps, reducing user frustration caused by irrelevant security hurdles.
Key Steps for Building a Future-Proof Login Framework
Implementing a region-aware system requires balancing legal mandates with technical integration. The following steps provide a roadmap for moving toward a more adaptive security model:
- Map global regulations: Identify user locations and the specific privacy mandates for each territory.
- Define security templates: Create distinct “profiles”—such as “Strict European” vs. “Standard North American”—that the system can swap between instantly.
- Establish fallback protocols: Ensure the system defaults to the most secure option if a location cannot be verified with absolute certainty.
- Perform regular audits: Because digital laws shift frequently, regular reviews of the underlying rulebook are essential to remain compliant.
The Cultural and Legal Shift Toward Digital Sovereignty
The concept of “Digital Sovereignty”—subjecting data to the laws of its physical location—will define the next decade of internet growth. Region-aware login systems are the first line of defense in this organized digital society.
Ultimately, these systems build trust by respecting the laws of a user’s home country. Security is no longer just about keeping hackers out; it is about ensuring that digital entry is as respectful and legal as navigating the physical world. By embracing geographic intelligence, platforms build smarter gates that welcome every user appropriately, no matter where they stand.
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