News
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
Police repel bandits attack, rescue six victims in Katsina
By: Zagazola Makama
The Police Command in Katsina, in collaboration with the military and local vigilantes, has repelled a bandits’ attack in Malumfashi Local Government Area of the state.
Sources said that the incident occurred on Wednesday at about 1:20 a.m., when bandits stormed Lamuntani village in Goran Dansaka ward but were engaged in a gun battle by security operatives, forcing them to flee into the bush.
According to sources , six kidnapped victims were rescued unhurt. They include Aisha Rilwanu, 12; Zainab Mansir, 15; Munnir Sani, 19; Salamatu Umar, 19; Asmau Sani, 10; and Jamila Nasiru, 21.
The sources added that while escaping, the bandits attacked nearby Santan Kargo village, where they shot and injured three persons Yusuf Yushau, 30; Ismail Abubakar, 21; and Abdulmumin Sani,who were rushed to Malumfashi General Hospital for treatment.
The sources said two victims were still missing as security forces intensified search-and-rescue operations in the area.
Police repel bandits attack, rescue six victims in Katsina
Army recovers 164 rustled livestock in Zamfara, Sokoto
By: Zagazola Makama
Troops of Operation FANSAN YANMA (OPFY) have recovered 164 rustled animals during clearance operations in Zamfara and Sokoto States.
Sources disclosed this on Thursday, saying the recoveries followed ambushes against terrorists moving livestock across communities.
The sources told Zagazola the troops, working with vigilantes, engaged terrorists attempting to move rustled animals from Talata Mafara LGA to Anka axis of Zamfara, recovering 21 sheep.
“Similarly, troops of 8 Division in conjunction with Keystone forces repelled terrorists who attacked Garbe Kanni village in Tureta LGA, Sokoto. A total of 143 sheep were recovered and a terrorist camp destroyed,” the sources said.
The animals have since been handed over to the chairmen of Bakura and Tureta LGAs for onward return to their rightful owners.
Army recovers 164 rustled livestock in Zamfara, Sokoto
Troops arrest notorious cattle rustlers, recover arms in Plateau
By: Zagazola Makama
Troops of 3 Division/Joint Task Force Operation Enduring Peace (OPEP) have arrested two notorious cattle rustlers and recovered arms and ammunition in Plateau State.
Sources told Zagazola Makama on Thursday in Jos that the operation followed credible intelligence on the activities of cattle rustlers in Kogul village, Mangu Local Government Area.
According to the sources, the troops raided the hideout of the suspects on Sept. 11 and arrested two of them. Items recovered include one AK-47 rifle, one AK-47 magazine, one fabricated revolver rifle, 10 rounds of 7.62mm (Special) ammunition, one mobile phone and cash.
“The arrested suspects and recovered items are in the custody of the troops for investigation. Follow-up operations are ongoing to apprehend other members of the criminal syndicate,” the sources said.
They added that the arrest was significant in curbing the menace of cattle rustling, which has often triggered crisis in Plateau and adjoining states.
Troops arrest notorious cattle rustlers, recover arms in Plateau
Police repel bandits attack, rescue six victims in Katsina
Army recovers 164 rustled livestock in Zamfara, Sokoto
Troops arrest notorious cattle rustlers, recover arms in Plateau
Roger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
THE PLIGHT OF FARIDA
POLICE CHARGE ROOMS, A MINTING PRESS
-
News1 year agoRoger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions4 years ago
THE PLIGHT OF FARIDA
-
Opinions4 years ago
POLICE CHARGE ROOMS, A MINTING PRESS
-
News1 year agoEYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
Columns2 years agoArmy University Biu: There is certain interest, but certainly not from Borno.
-
ACADEMICS2 years agoA History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
Opinions2 years agoTinubu,Shettima: The epidemic of economic, insecurity in Nigeria
-
News5 months agoFAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS
