Consumer Data, Bedrock of Africa’s Emerging Open Finance System – THISDAYLIVE

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Consumer Data, Bedrock of Africa’s Emerging Open Finance System Access to credible consumer data has been identified as a critical layer that will enable a viable open finance system in Africa. According to Sarah

Access to credible consumer data has been identified as a critical layer that will enable a viable open finance system in Africa.

Essien, who was speaking on the sidelines of the just concluded 6th edition of the African Fintech Summit held in Cape Town, South Africa, said: “As the continent continues to ramp up efforts to open the financial space to the estimated 57 percent of Africans who are currently locked out, collaborative, conscientious and deliberate efforts must be made towards creating an environment where these populations feel represented, safe and secure enough to remain within the system.

She said: “We are excited about the prospects of QoreID in transforming businesses across Africa and helping them drive growth within new markets. QoreID’s robust trust-based infrastructure is not only helping businesses know who their customers are but is also giving them credible insights into what they are so they can deliver fit-for-purpose solutions to the market.”

Other services are: Alternative Credit Analytics, Income and Statement Verification, Marketplace Data, Real-time Vehicle Verification, Asset Verification, and Identity Authentication.

 

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