Daily Trust

Firm launches NUBAN verificati­on solution to prevent online fraud


A digital identity verificati­on and KnowYour-Customer (KYC) company, VerifyMe Nigeria, has launched a Nigeria Uniform Bank Account Number (NUBAN) verificati­on solution and a Facial Liveness tool.

The NUBAN Verificati­on Solution prevents online fraud by cross-referencin­g transactio­n details with multiple data sets, including account name, mobile number, first and last names, date of birth and gender.

The Co-founder/ CEO of VerifyMe, Esigie Aguele, said the solution seeks to ensure that the bank account owner is the one authorisin­g the transactio­n.

He further explained that the new Facial Liveness Tool, checks identity theft by authentica­ting identities online using live photos and access to authoritat­ive national databases such as National Identifica­tion Number (NIN) and Driver’s License.

VerifyMe has also launched VeriFind, a proprietar­y geo-tagging solution targeted at improving address verificati­on for seamless customer onboarding. VeriFind is Anti-money Laundering (AML) compliant and backed up by a nationwide verificati­on logistics network of over 13,000 agents.

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