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AI Integration in Nigeria’s Financial Services Receives A Boost
AI Integration in Nigeria’s Financial Services Receives A Boost
By: Michael Mike
3line Limited, one of the trailblazers and creators of secure payments platforms in Nigeria has organized a hackathon to explore the untapped opportunities for AI integration in the payment space.
The event, called Hack-It Challenge at Covenant University, is aimed to bring together tech-savvy youths to collaborate and develop innovative digital solutions that can address the challenges in the sector.
The participants were grouped into teams and guided to use an iterative product development method (Agile Scrum Framework) to enable digital dexterity, talent development, and team competition.
The hackathon resulted in various community-based solutions around wallets that made transactions easy and seamless, making it possible to transact with friends with ease
CEO of 3line Limited, Femi Omogbenigun, emphasized the importance of reaching out to young stars and mentoring them to become innovative and successful entrepreneurs.
He mentioned that the future of financial services would belong to the operators who leverage AI early and use it to solve problems in society.
According to Omogbenigun, the company organized a challenge with two objectives: to reach out to young stars and provide mentorship, and to showcase their commitment to innovation. The challenge aimed to engage with young people and gather insights into their perspectives on the future of payments and financial services.
Omogbenigun spoke about the potential for new technology to make payments easier and more seamless for consumers. He believes that the next game changer in payments will be a solution that solves these problems. Many of the students who participated in the challenge developed solutions around wallets to make transactions easier and more convenient, often with a community-based focus.
Omogbenigun said it was noticed that although the students demonstrated technical expertise, they lacked business pitch skills. He however said this is an area where mentorship can be particularly valuable, as it helps students to develop ideas that are bankable and can be built as a business with a structure in place.
Omogbenigun said while looking to the future of financial services, the importance of leveraging AI to solve problems in society needs to be emphasized, noting that: “While AI is not a new concept, the market is now ripe for its integration into financial services.”
Omogbenigun said that AI can help businesses become more efficient, offer better customer service, and improve business processes overall.
He disclosed that 3line Limited takes pride in being innovative and providing secure payments platforms in Nigeria. They are committed to promoting and fostering innovation in the sector, which is why they organized the Hack-It Challenge. He revealed that the winners of the hackathon were KiwiPay, Team Owo, and Quasars, who were awarded N2 million, N1 million, and N500,000 prizes, respectively.
The Hack-It Challenge successfully brought together young innovators in Nigeria and provided them with the opportunity to collaborate and create solutions that can transform the payment space. 3line Limited remains committed to promoting innovation in the sector and providing secure payments platforms that meet the needs of Nigerians.
AI Integration in Nigeria’s Financial Services Receives A Boost
Army, DSS arrest notorious cultist, gunrunner in Cross River, recover weapons
By: Zagazola Makama
Troops of 13 Brigade, in collaboration with the Department of State Services (DSS), have arrested a suspected cultist and gunrunner during a raid operation in Ikom Local Government Area of Cross River State.
Security sources said the operation was carried out at about 1:10 a.m. on April 3 along Effangha Spring Road in Ikom.
The sources disclosed that the suspect, who hails from Khana Local Government Area of Rivers State, was apprehended during the coordinated raid.
According to the sources, troops recovered one revolver pistol, one sword, two laptops, four mobile phones, one digital camera, one wristwatch, three identity cards, and a sack of garri allegedly used to conceal the weapon.
The suspect and recovered items have since been handed over to the DSS for further investigation and possible prosecution.
Security authorities said the operation is part of ongoing efforts to curb cult-related violence and illegal arms circulation in the South-South region.
Army, DSS arrest notorious cultist, gunrunner in Cross River, recover weapons
Gunmen kill village head, wife in Adamawa, son hospitalised
By: Zagazola Makama
Unknown gunmen have killed a village head and his wife in Tunga Waja community, Lamurde Local Government Area of Adamawa State.
Security sources said the incident occurred at about 8:50 p.m. on April 2, when the assailants attacked the residence of the village head and opened fire on him, his wife and their son.
The sources disclosed that the village head died on the spot, while his wife and son sustained gunshot wounds and were evacuated to a medical facility in Tingno for treatment.
According to the sources, the wife later died at the hospital, while the son is currently receiving treatment.
The motive behind the attack remains unclear, while efforts are ongoing to identify and apprehend the perpetrators.
The incident has heightened concerns among residents, as security agencies intensify efforts to restore calm and prevent further attacks in the area.
Gunmen kill village head, wife in Adamawa, son hospitalised
Three soldiers injured in road accident during pursuit of bandits in Kaduna
By: Zagazola Makama
Three soldiers have sustained injuries following a road traffic accident during an encounter with suspected armed bandits in Birnin Gwari Local Government Area of Kaduna State.
Security sources said the incident occurred at about 3:00 p.m. on April 2, when troops of 2 Battalion deployed at Forward Operating Base Dogon Dawa were returning from an administrative patrol.
The sources explained that the troops reportedly sighted a group of armed bandits attempting to block the road at Ngede Allah and engaged them, forcing the criminals to flee.
During the pursuit, however, three soldiers fell off a military gun truck and sustained varying degrees of injuries, including fractures to the hand and leg.
The injured personnel were immediately evacuated to the 44 Nigerian Army Reference Hospital in Kaduna, where they are currently receiving treatment and responding positively.
Security operations in the area have continued as troops maintain pressure on criminal elements within the axis.
Three soldiers injured in road accident during pursuit of bandits in Kaduna
Man O’ War personnel reports abduction of female colleague in Bayelsa
Army, DSS arrest notorious cultist, gunrunner in Cross River, recover weapons
Gunmen kill village head, wife in Adamawa, son hospitalised
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