The financial sector in Nigeria stands to gain a lot from investing in a well-maintained PEP database. However, not much work has been done in that regard, which begs the question; Are there perhaps barriers that stand in the way of implementation? In this blog post, we unravel the state of PEP database development in Nigeria, explore its challenges, and existent solutions, and highlight the potential pathways for improvement.

This blog explores how to identify trustworthy online lending platforms and how lenders can position themselves as credible partners by leveraging AI for a more efficient credit assessment.

Despite its noble intent of combating financial crimes, the far-reaching implications of AML transaction monitoring on personal privacy cannot be overlooked. This presents the dilemma, Is AML transaction monitoring a necessary evil or an unwarranted intrusion?

The current African credit scene highlights a high risk of providing credit services to African consumers. This risk is referred to as credit risk and in this blog post, we will be discussing its impact, particularly within Africa and more importantly, how the implementation of AI helps to effectively manage this risk.

Is Artificial Intelligence effective against fraud? Let’s find out.

In this blog post, we’ll tell you why your business may want to shift its strategy from relying on good luck for dealing with risks that may or may not result in an incident to taking strategic steps to ensure you are risk-proof.

For this blog post, we needed to know the disposition of Nigerian businesses towards Fraud and by extension, fraud solutions. Read to find out.

Fraud as a Service (FaaS) is a disturbing yet increasingly prevalent phenomenon in the digital age, where the commodification of cybercrime tools and services makes it easier for fraudsters to carry out their malicious activities. This blog post delves into the intricacies of FaaS, its current state, its dangers, and how businesses can fortify their defenses against such threats.

As businesses around the globe harness the power of Artificial Intelligence (AI) to redefine efficiency and innovation, Africa isn't far behind. With Enterprise AI solutions being developed at a fast pace, the potential for supercharging efficiency in the African business space is limitless.

In a world where transactions are completed in seconds, the risk of fraud can be a daunting challenge for any financial service provider. Learn how Sigma is proving itself as an effective partner in the fight against fraud in the Nigerian Business Ecosystem.

Thanks to instant payments, financial fraud is getting a turbo boost. This spells certain doom for individuals and businesses, as it means that while they are able to access instant payments and split-second money transfers to supercharge their transactions, they may have to contend with cybercriminals exploiting the same benefits. Here's how this puts your business at risk...

The applications of AI technology have expanded from generative functionalities to include intelligent automation and optimization capabilities for recurring business tasks - all in real time. This new branch of applications for AI technology is known as Enterprise AI. What is Enterprise AI? Enterprise AI is the strategic use of Artificial Intelligence (AI) technologies within organisations tailored specifically for business applications Here's all you need to know...

In this new blogpost, we discuss the concept of digital wallet fraud and the most prevalent types.

In this blogpost, we delve into some of the basics of artificial intelligence beyond the hype of generative AI tools such as ChatGPT and Gemini.

At its core, fraud embodies deceit, manipulation, and misrepresentation, all with the intent of personal gain or causing harm. In this blog post, we dive into the very essence of fraud by focusing solely on what it really is beyond common societal perceptions.

In this blog post, we'll delve into the concept of cost-sensitive learning within the context of credit scoring and fraud detection. We'll explore the fundamentals of this approach, highlighting its crucial role in making informed decisions in financial transactions. Discover why cost-sensitive learning is an absolute game-changer for financial institutions seeking greater accuracy and efficiency in their operations.

Have you ever stood at an ATM, eagerly anticipating a quick transaction, only for the machine to fail in recognizing your face? If so, you've encountered a face verification system. In this blog post, we delve into the unique challenges faced by artificial intelligence face identification models that often struggle to adapt to the uniqueness of African faces. We also shed light on how, at Pastel, we're actively working to overcome these challenges and pioneer AI solutions tailored to the African context.

2023 is the year of Generative AI, yet Generative AI is just one facet of the broader field of artificial intelligence. In this blogpost, we talk about some of the Artificial Intelligence technologies you should get familiar with.

In this blogpost, we delve into the current state of credit scoring in Africa and explore the opportunities that artificial intelligence models present for unlocking financial access within the continent.

In this blogpost, we delve into some of the most impressive ways artificial intelligence technology is transforming the financial services industry, and the potential use-cases of AI in finance.

The recent buzz surrounding generative AI has indeed brought AI into the mainstream, but is that the entirety of artificial intelligence's potential? Delve into this blog post to explore the possibilities offered by artificial intelligence models that extend far beyond the current hype.

In this blog post, we embark on a journey into the enchanting world of Generative AI. Delve into the marvel of how this technology weaves intricate patterns from data to conjure responses that mirror human expression.

Join us in this transformative journey as we introduce Sigma - Pastel's suite of AI products designed to empower Africa's enterprises and revolutionize the financial services industry.