AI refers to the simulation of human intelligence in machines programmed to think and learn like humans.
CBN report reveals the top three ways Nigerian fintechs are using AI
87.5% of surveyed fintech companies in Nigeria use AI tools for fraud detection. ₦17.6 billion ($11.2 million) was lost to fraud in Nigeria in 2023.
Kaspersky Shares Top 5 Trends in the Financial Sector
BFSI organizations spend an average of $1.2 million annually on cybersecurity, which is significantly lower than the average cost of a major security incident at $3.2 million. Open Banking APIs present both opportunities for innovation and potential entry points for cyber threats.
Google for Startups Accelerator 2025: Empowering South African AI Innovators
Google has opened applications for the 2025 GFSA program in South Africa targeting AI and machine learning startups. Selected startups will receive R1 million in equity-free funding.
5 Latest Cyber Threats Facing Banks, Financial, and Insurance Institutions
AI is being weaponized by cybercriminals to automate phishing attacks and develop sophisticated malware. Ransomware 3.0 employs double and triple extortion techniques, threatening to publish sensitive data if demands are not met.
How African tech companies can transform their communications in 2025
Africa minted two new unicorns in 2024. Expansion of 5G connectivity across the continent.
