In recognition of its contribution to the growth of the technology sector in the country, a digital identity and Know-Your-Customer technology company, VerifyMe Nigeria, has won the award for RegTech Company of the Year at the 2022 Banks and Other Financial Institution Awards organised by BusinessDay Media.
According to a statement issued by the technology firm, it stated that the RegTech Company of the Year award identified a company that had achieved significant business growth through innovation by helping organisations simplify, streamline and automate the regulatory compliance processes of their businesses while reducing the risk of fines, penalties and adverse legal outcomes. Other nominees within the category were: Carbon IVS, Shufti Pro and Smile Identity.
Speaking at the award ceremony, Publisher of BusinessDay, Frank Aigbogun, said VerifyMe’s win was informed by the company’s top market position as a provider of Know-Your-Customer, anti-money laundering and customer due diligence solutions in Nigeria and other sub-Saharan African countries.
According to Aigbogun, ‘’the company’s solution removes the guesswork and fragmented task delegation from the due diligence and compliance process with regard to different entity types, mandated documentation, data fields, questionnaires, and checklists. Equally important for the awards review committee, VerifyMe has been very proactive in public education about the importance of KYC at various fora, media channels and events’’.
Speaking after receiving the award on behalf of the organization, the Chief Operating Officer, VerifyMe Nigeria, Sarah Essien said, “We are thrilled to receive this recognition for the crucial role we are playing in advancing the Nigerian digital identity and consumer insights sector. It takes a committed team to build a successful brand and we could not have done this without our amazing team, partners and customers.”
