The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have shifted their approach towards real-time fraud detection by launching a new shared data initiative aimed at tackling financial crimes associated with SIM cards.
This initiative, formalized through an agreement signed in Abuja, introduces the Telecom Identity Risk Management Portal, a centralized system that will enable banks, fintech companies, and telecom operators to receive immediate insights into the status of mobile numbers used in financial transactions…Watch Video Here
The portal is designed to identify high-risk numbers, including those that have been recently swapped, recycled, or flagged on blacklists. This capability allows service providers to prevent suspicious transactions before any fraud occurs…CONTINUE FULL READING>>>
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