Business and Economy

Innovation Made Easy: Sumsub’s Partnership with FinTech Association of Nigeria

The FinTech Association of Nigeria (FintechNGR) has established a strategic partnership with Sumsub, a prominent provider of identity verification and compliance solutions. This collaboration signifies a significant achievement in the progress of the Nigerian FinTech industry and highlights Sumsub’s dedication to promoting innovation and regulatory adherence in the area.

Through this alliance, Sumsub will collaborate closely with FintechNGR to deliver advanced identity verification and compliance solutions customized for the requirements of Nigerian FinTech firms. By utilizing Sumsub’s state-of-the-art technology, both emerging FinTech startups and established entities will have access to robust tools for enhancing customer onboarding processes while ensuring compliance with regulatory standards.

Given the rapid changes in regulatory environments worldwide, compliance has emerged as a key focus for FinTech enterprises. Sumsub’s proficiency in compliance automation and Know Your Customer (KYC) procedures will enable FintechNGR members to navigate intricate regulatory frameworks effortlessly, thereby fostering trust and confidence among customers and regulators\

“Sumsub’s exceptional FinTech solutions are a perfect fit for the Nigerian market,” stated Dr. Babatunde Obrimah, COO of FintechNGR. “Their cutting-edge innovation and understanding of the African sector are unparalleled.”

Driving Innovation

The collaboration between Sumsub and FintechNGR is set to spark innovation within the Nigerian FinTech sector. Through the provision of cutting-edge identity verification technologies and industry best practices, the partnership aims to expedite the creation and implementation of groundbreaking financial solutions that cater to the changing demands of Nigerian consumers and businesses.

Community Engagement

In addition to delivering state-of-the-art solutions, Sumsub and FintechNGR will work together on a range of initiatives designed to promote knowledge sharing and collaboration within the Nigerian FinTech community. By organizing workshops, webinars, and networking events, members will have the chance to share insights, gain knowledge from industry leaders, and establish strategic partnerships to foster collective growth and influence.

“We are thrilled to announce our collaboration with FintechNGR,” stated Richy Emah, Business Development Manager at Sumsub. “By merging Sumsub’s proficiency in identity verification and compliance with FintechNGR’s extensive understanding of the Nigerian FinTech landscape, we are confident in our ability to empower FinTech firms to excel in a swiftly evolving regulatory environment, all while propelling innovation and delivering exceptional user experiences.”

The partnership between Sumsub and FintechNGR marks a significant stride in the progression of the Nigerian FinTech ecosystem. Through their combined efforts, both organizations are well-positioned to transform the approach of FinTech companies towards compliance and innovation, ultimately fostering increased financial inclusion and economic prosperity throughout Nigeria.

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