‘Consumer data, bedrock of Africa’s emerging open finance system’

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

Chief Operating Officer, VerifyMe Nigeria, Sarah Essien, said the quest for a sustainable open finance economy in Africa could only be actualised when financial institutions readily connect to credible consumer data that helps them better understand the different customer segments in order to build products that meet their specific needs.

Illustrating with QoreID, the company recently launched B2B infrastructure that connects medium and large businesses to trusted identities and consumer data.

 

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