Lendsqr and HyperVerge partner to thwart loan fraudsters in Africa
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Lendsqr and HyperVerge partner to thwart loan fraudsters in Africa

Since the advent of digital lending, the time it takes to get loans has reduced from days to sometimes seconds. Unfortunately, it has also made it easier for fraudsters to use stolen identities to take loans. This has given rise to the use of globally recognized methods such as liveness checks with facial recognition, which can easily identify and verify customers instantly.

SnapCash, Irorun and other apps for 50,000 naira in Nigeria
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SnapCash, Irorun and other apps for 50,000 naira in Nigeria

From as little as 2,000 naira to as much as 50,000 naira, the goal remains the same: to address immediate emergencies.

All you need to know about core banking applications
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All you need to know about core banking applications

So what exactly is a core banking system? At its most basic, it’s the central software platform banks use to manage customer accounts, process transactions, handle deposits and withdrawals, and oversee everything from loan disbursements to compliance checks.