Firm launches tech to curb financial crimes in banks

Facctum, a risktech company specialising in anti-financial crime solutions, have introduced its next generation technology to help Nigerian banks fight financial fraud.

The new innovation according to the firm became necessary as the Nigerian financial service industry adjusts to a new risk environment, following the recent grey-listing of the Nigeria by the Financial Action Task Force (FATF).

The Facctum Director of Business Development – EMEA, Nicolas Willard said, the technology will “bring anti-financial crime solutions much closer to the Nigerian financial and fintech industry as Nigerian institutions are growing quickly and modern risk management technology plays a critical role in ensuring that new opportunities are both safe and sustainable.

“This approach makes Facctum solutions very relevant to the risk profile and compliance objectives of African financial institutions.”