VerifyMe Nigeria, a firm that develops identity verification and e-KYC technology, has announced QoreID, a specialized digital identity and analytics solution for business-to-business(B2B) transactions.
QoreID will offer data services and API architecture to link companies with customers and their information throughout Africa. QoreID offers a range of secure verification and authentication solutions that connect businesses to reliable identities and crucial consumer analytics, like alternative credit scoring for the unbanked and much more. It is aimed at the medium and enterprise business segment.
Speaking at the event, Esigie Aguele, co-founder and chief executive officer of VerifyMe, said QoreID was in a unique position to impact businesses throughout Africa and spur growth in important areas by facilitating quicker, more inexpensive, and more effective client acquisition.
He claimed that it will be supported by regional and international standards for security and compliance, reducing the chance of fraud, mistakes, and other dangers for transactions.
“QoreID is just data infrastructure you can rely on to create your business or goods on,” stated Aguele. Verifying customer information for KYC or authorizing them for credit or other services requires a significant investment of time and resources from many medium- to large-scale businesses. This slows down their efforts to grow their firm and could lead to multiple missed opportunities. Insider abuse is also more likely as a result.
“With QoreID, organizations can easily use our secure API hub or SDKs to meet their business or regulatory requirements in order to promote growth inside important markets and improve their entire customer experience.”