The BackEnd is a dive into the product development process in African tech. We take you into the mind of those who conceived, designed and built the product; highlighting product uniqueness, user behaviour assumptions and challenges during the product cycle. — When next you request a loan from a Nigerian bank, you may be required […]
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Cashless economy? Here we come!
The BVN – what the CBN says will be universal identifiers in Nigeria for all bank accounts owned by an individual – is only the latest in a long list of numbers we have to commit to our quickly depleting memory.
Nigerian banks are supposed to start the biometric registration of customers today, in a bid to issue all of us an identification number called Bank Verification Number (BVN). The BVN is a uniform and single identity that will be acceptable across the Nigerian financial system as all other bank accounts operated by any individual will be […]
Somehow, this isn’t quite getting the attention it deserves. Perhaps because it sounds too good to be true. It is both, at the same time. iSec, a startup that has developed secure authentication technology for the Nigerian finance industry has raised [up to]* $10 million from Synergy Capital. According to sources familiar with the transaction, […]