Fintech firm guarantees SMEs against fraud, cyberattacks

QorePay Technology Solutions, a new financial technology company has allayed the apathy of some Small Businesses Owners of doing digital transactions, saying its payment gateway is built with biometric authentication, blockchain and Artificial intelligence to prevent cyberattacks.

The Chief Executive Officer of the firm, Mr. Josh Owoseni, admitted that fraudulent activities pose a threat to businesses in the country, but said the payment gateway is designed to ensure safe processing and transmission of financial transactions.

“So it was actually built on the blockchain technologies as well as leveraging AI solutions. What is actually more important to us is to create a platform where it is easily utilised, easily managed, it’s user friendly, and then transaction is actually fast. Our core objective is to provide a secure, affordable and fast environment for users to be able to leverage and improve their businesses,” he said.

He added the payment gateway offers a dashboard to help business owners balance both their expenditures and revenues.

“We basically have a data analytics platform that actually helps to have insights of customers, businesses to understand how they can make their decisions on how other businesses are actually thriving,” he said.

The firm’s Chief Financial Officer, Tolani Ogunsola described the FINTECH industry as a catalyst to boost the economic growth of the country, through employment.

“Truth be told, there is actually a big market for FinTech looking at over 200 million people. There are a lot of businesses that do not actually understand why they have to go digital, there are a lot of businesses that are still underserved.

“And of course, when there is job creation, the economy starts going higher,” he said.