A new regulatory intelligence platform, WemTrack, has launched with a mission to help banks, fintechs and payment service providers (PSPs) across Africa manage compliance requirements more efficiently amid increasing regulatory complexity.

Designed as a real-time compliance automation tool, the platform offers financial institutions structured and actionable insights on regulatory updates, helping them stay ahead of policy changes from the Central Bank of Nigeria, global card schemes and other oversight bodies.

Built to function as a “Bloomberg Terminal for compliance”, WemTrack features tools such as AI-curated rulebooks, compliance scoring, webhook notifications, and auto-synced audit calendars, with seamless integration into enterprise systems like Jira and Slack. One of its standout features is a “Rule Diff” engine that allows institutions to compare regulatory changes side-by-side, reducing response time and limiting compliance risks.

The platform is the brainchild of Oluwemimo Richard Ekpu, a former commercial banker with over a decade of experience in MSME banking and risk management. Ekpu previously held leadership roles at Diamond Bank and later Access Bank, where she oversaw thousands of small and medium enterprises and directed the rollout of digital payment solutions. In 2023, she joined Unified Payments as Head of Financial Institutions, a role that exposed her to widespread gaps in how institutions manage compliance across fragmented regulatory regimes.

She said: “There was no shared intelligence layer. Regulatory changes would happen overnight, and institutions had no systemised way of responding. WemTrack was built to solve that problem.

“Now in the pilot phase with select PSPs, the platform is also in discussions with regulators to introduce shared observatory dashboards, tools that could provide real-time visibility into how institutions adapt to policy updates. Ekpu believes that regulatory cooperation will be central to the success of WemTrack and other infrastructure solutions aimed at building trust and resilience in Africa’s financial ecosystem.

“This is not just about avoiding fines. It’s about turning compliance into a programmable, strategic asset,” she said.