Regfyl, a startup specialising in Anti-Money Laundering (AML), fraud prevention, and regulatory compliance, emerged as the winner at the Africa Fintech Summit Pitch Competition held recently in Washington D.C.
The Africa Fintech Pitch Competition is a flagship event of the bi-yearly summit that brings together leading fintech innovators, investors and policymakers from across the globe.
Regfyl showcased its cutting-edge technology that utilises artificial intelligence to provide unparalleled AML and fraud prevention solutions, tailored specifically for the diverse and evolving needs of financial institutions in Africa.
CEO of Regfyl, Dr. Tunde Ibidapo-Obe, stated, “Winning this competition highlights the transformative potential of our solution in tackling compliance challenges such as fraud and AML. We provide global-standard compliance solutions at affordable local prices, mitigating forex fluctuation risks.”
CTO, Dr. Tomiwa Erinosho, remarked, “Regfyl’s AI-powered toolkit excels in accuracy, particularly its self-populating politically exposed person (PEP) identification module. The company has also invested heavily in research to support rapidly scaling institutions, enhancing efficiency for fraud and compliance teams across Nigeria and beyond.”
