How AI Can Detect Fraud in African Fintech

Learn how AI is helping African fintechs fight fraud, detect suspicious activity, and protect digital transactions at scale.

Wema Bank cuts fraud losses by 95% in 2024

Last year, the bank promised to hire more people in its digital compliance department to reduce the number of fraud cases

As African finance fights back against fraud, Reporta steps up to the plate 

The relationship between banks and fintechs can be tense. But Aderinlola believes as long as fintechs adhere to the banks’ rules of engagement, there should be no issue.

Nigerian Banks lose ₦472m to POS and mobile fraud in Q1

According to NDIC, the number of POS and mobile fraud cases increased by 19.51% in the first quarter of 2023. This is likely due to the growing popularity of these payment methods in Nigeria.