Youverify, a leading provider of AML compliance automation solutions for financial institutions, has been awarded the prestigious GRC and Fincrime Award 2024 as the "Best GRC and Financial Crime Prevention Solution Provider of the Year." This marks the third consecutive year Youverify has secured this honour from The Morgans, solidifying its reputation as a leader in combating financial crime.
In a highly competitive field, amidst the transformative wave of digital innovation led by fintech giants like Moniepoint and Opay, Youverify stood out for its cutting-edge approach. Leveraging machine learning, explainable AI, and real-time monitoring, Youverify addresses the ever-evolving challenges of anti-money laundering (AML) compliance and fraud prevention.
Serving over a thousand financial institutions—including banks, fintechs, and non-banking financial entities—Youverify's solutions enable seamless customer onboarding, robust compliance checks, and fortified protection against fraud and AML threats. This recognition underscores Youverify's commitment to excellence and innovation in safeguarding the financial ecosystem.
Dr. Gbenga Odegbami, CEO of Youverify, expressed his pride in this milestone achievement, saying, "Winning this award for the third consecutive year is a testament to our unwavering commitment to excellence. We are dedicated to making compliance accessible and effective for African financial institutions, enabling them to meet global standards in fraud prevention and risk management."
The award highlights Youverify’s significant role in transforming the compliance landscape across Africa. By blending authoritative and public data sources, Youverify enables financial institutions to properly classify customers based on risk levels, detect and report suspicious activities, and stay compliant across multiple jurisdictions.
Hakeem O. Akiode, Head of Growth at Youverify, added, "This recognition from The GRC and Fincrime awards motivates us to continue pushing boundaries in compliance technology. Our focus on leveraging data and AI to empower financial institutions across Africa and beyond demonstrates our commitment to making a tangible impact on the financial ecosystem." As regulatory scrutiny intensifies worlwide, Youverify remains at the forefront, driving innovation to ensure compliance and security for the financial sector.
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