The RegTech Company of the Year award recognises a company that has achieved significant business growth through innovation by helping organisations simplify, streamline and automate the regulatory compliance processes of their businesses, while reducing the risk of fines, penalties and adverse legal outcomes.
“The rapid growth of fintech, mobile financial services, open banking, near instant cross-border payments and blockchain have created fertile ground for unscrupulous individuals to exploit the system. VerifyMe has displayed excellent creativity and innovation in helping their clients evolve amidst complex regulatory requirements across the global financial services industry.
Receiving the award on behalf of the company, Chief Operating Officer, VerifyMe Nigeria, Sarah Essien, said: “We are thrilled to receive this recognition for the crucial role we are playing in advancing the Nigerian digital identity and consumer insights sector.