The business of digital identity verification, digital data compliance, and digital system security assurance are growing really well right now in Nigeria. Those laws are beginning to work and companies are adjusting for compliance. Also, with many of the law enforcement agencies requiring documented SOPs (standard operating procedures), especially for legal issues, people in this space are having a great rainy season in Nigeria. This is a huge growth area.
So many innovations are emerging. One of our startups in Tekedia Capital, OneID Global Technologies Inc (oneidtech.com) has invented a way to use your electricity meter number to verify your address, expanding the whole nexus of KYC, by connecting that “address” to an additional physical layer.
Banks, insurers, etc, please explore with the team, and see how their APIs can improve your KYC systems.
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