Africa’s integrated payments and digital commerce company, Interswitch, has stated the need to drive Fintech growth by leveraging banking infrastructure with cyber security systems to transcend into new geographies and explore global trends.
The Fintech firm urged conventional banks and lending institutions to equip staffs with risk-based strategies to tackle fraud and syndicate crimes in the banking sector.
The Fintech company also stated the need to expand business operations in digital payment technology through scaling, adapting and advancing Fintechs in areas of tokenization services, APIs, mobile wallet, cross border payments and to drive financial inclusion amongst SMEs.
Interswitch Group explained that in a move to advance Fintechs to explore new geographies there is need to operate beyond local boundaries by transcending digital banking to break barriers of cross-border payment across Africa.
Speaking earlier, Interswitch Business Development manager, Financial Services Business, Chijioke Eze said, the digital payment and mobile channel space is the most exploited channel used by fraudsters to perpetrate financial crimes and different kinds of fraud while…
