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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
Security forces neutralise two notorious bandits in Benue clearance operation
By: Zagazola Makama
Security forced have neutralised two suspected notorious bandits during a clearance operation in Ukum Local Government Area of the state.
Sources told Zagazola that the operation followed credible intelligence received on Tuesday at about 1:00 p.m.
The report indicated that a criminal gang led by one Senen Hemen, also known as Orpa, was sighted along the pipeline axis between Gbeji and Igbongom communities in Ukum.
According to the sources, security forces were promptly mobilised to the location, where the gang engaged the operatives in a gun duel.
During the exchange, Hemen and another gang member identified as Mzungweve Ichur, both from Igbongom, were shot dead, while others fled the scene with gunshot injuries.
The sources confirmed that the corpses of the two suspects had been recovered and deposited at a private mortuary in Gbeji, while a manhunt had been launched in the surrounding bushes to track the fleeing accomplices.
The sources assured residents that the operation was part of ongoing efforts to rid Ukum and adjoining areas of violent criminal gangs.
Security forces neutralise two notorious bandits in Benue clearance operation
Gunmen abduct worshipper in Oyo community
By: Zagazola Makama
Gunmen have abducted a worshipper from a mosque in Gbonkan Village, Ipapo, Itesiwaju Local Government Area.
Sources said that the victim, identified as Amadu Usman, was kidnapped on Monday night while praying at the mosque alongside his elder brother, Adamu Usman.
The sources said seven armed men invaded the mosque at about 9 p.m. and whisked the victim away to an unknown destination.
The sources said that a joint team of security forces, Amotekun Corps, vigilantes and local hunters had since launched a search-and-rescue operation, combing surrounding bushes to track down the suspects and rescue the victim.
Gunmen abduct worshipper in Oyo community
Troops of Operation FANSAN YANMA repel bandit attack in Malumfashi, Katsina
By: Zagazola Makama
Troops of Operation FANSAN YANMA, in collaboration with the Police, Community Watch Corps and local vigilantes, have repelled a bandit attack in Malumfashi Local Government Area of Katsina State.
Sources said that the incident happened on Tuesday evening when armed bandits launched an attack on a hunters’ camp in Naalma village.
According to the sources, the troops and other security operatives responded swiftly to a distress call and engaged the bandits in a fierce gun battle, forcing them to withdraw.
“During the operation, Usman Lawal, 35, the Commander of the Hunters’ group, sustained fatal injuries. One of the bandits was neutralised while the rifle earlier seized from the hunters’ commander was recovered.
“Other fleeing bandits are suspected to have escaped with gunshot wounds. Troops are currently conducting cordon-and-search operations within the area,”said the sources.
Troops of Operation FANSAN YANMA repel bandit attack in Malumfashi, Katsina
Security forces neutralise two notorious bandits in Benue clearance operation
Gunmen abduct worshipper in Oyo community
Troops of Operation FANSAN YANMA repel bandit attack in Malumfashi, Katsina
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