UK-based risktech eyes Nigerian market, meets top bankers

FACCTUM, a UK-based risktech company specialising in watch list management and sanction screening services, is set to bring its expertise to Nigeria as it prepares to hold a market entry business meeting with top bankers and other stakeholders in the financial market in Lagos.

The business breakfast meeting, which is scheduled for May 31 will have the leadership of the UK-based firm present its route to market to the Nigerian market stakeholders.

FACCTUM is an effective financial crime risk management (FCRM) technology company that provides critical support for regulatory compliance. The company is a business enabler that greenlights opportunities.

Over the years, FACCTUM has built solutions for agile, low-latency and highly effective risk decision-making at a massive scale. As a product-led SaaS organisation, the company can address customer challenges promptly. Watchlist management is a critical tool for banks and other financial institutions to protect themselves against the risks of financial crimes.

With increasingly sophisticated criminal techniques, it is more essential than ever to have a robust system in place to identify and prevent illicit activity and thereby improve operational efficiency in the business environment to save compliance costs.

Speaking on the upcoming event, the Head of Financial Crime Risk Management Product Strategy, FACCTUM, Chrisol de Assis Correia, said: “We are delighted to bring our products and services closer to the Nigerian financial and fintech industry. Recently, the country has experienced tremendous successes across the globe and this is the time to consolidate on these gains by embracing risktech company and watchlist management.”

Also speaking about the event, Director of Business Development at FACCTUM, Nicolas Willard, said: “We are excited to announce the launch of our new watchlist management solution company that will revolutionise the way financial institutions operate in the country.

“As a leading provider of financial crime watchlist management solutions, we are dedicated to helping our clients fight financial crime by providing the necessary tools to identify, investigate, and mitigate risks.”