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Three Trends Currently Shaping GovTech Landscape

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Here are Three Trends Presently Shaping GovTech Landscape

The COVID-19 pandemic has challenged the majority of countries around the world. While some of the solutions proposed by governments have varied, when it comes to providing social, economic, and medical assistance, those with developed GovTech—a whole-of-government approach to public sector digitization—have generally been more efficient.

The pandemic has highlighted the importance of such systems, but as with any crisis, it has also left many pondering: how will GovTech evolve in the future?

Experts at NRD Companies, a global IT and consulting group of companies specializing in governance and economic digital infrastructure, have elaborated on how the landscape of GovTech might look like going forward.

Remote collaboration

The importance of developing e-government systems has not been overshadowed by the pandemic. In fact, the adverse conditions have only reinforced the need for GovTech solutions as countries seek to deliver their citizens an efficient way of accessing public services. With a deadly virus raging and travel restrictions in place, the crisis has opened up new opportunities for remote collaboration, which is no longer seen as an option, but rather as a necessary component for successful GovTech project implementation.

“As tools, processes, and software constantly improve, it has become possible to implement large-scale GovTech projects entirely remotely, regardless of location and time zones,” said Mindaugas Glodas, CEO at NRD Companies. “Of course, consulting and implementing projects remotely is significantly more complex than doing it the usual way, thus when choosing partners, countries should consider their experience in working with such projects. In any case, moving forward, remote work will stay with us even after the pandemic, as countries are becoming more aware of the benefits such methodology brings to the table.”

One such project involves Barbados, an island country in the Caribbean which has recently agreed, even amidst the pandemic, to take the first step toward digitizing the public sector. Working together with NRD Companies, the nation will implement a progressive e-services delivery platform entirely remotely, encouraging cooperation and data exchange between the public sector and the government by providing a Directory of Services and designated online spaces for citizens, businesses, and the government.

Shift to cloud

Multiple governments around the world still rely on physical, premise-based data centers. Such centers require careful management and are vulnerable to fire, smoke, moisture, flood, pollution, and data leakages. As governments receive more and more sensitive data, storing it in bare metal servers is becoming too risky to continue.

“The limitations of legacy systems are going to encourage a shift to cloud,” said Mr Glodas. “It is no longer safe and practical to store data on physical servers, especially when an increasing number of governments are choosing the digitization path. Going cloud is the next logical step as it provides more resilience, saves money and stimulates innovation.This has been happening for quite some time in the private sector, but the transition in the public sector is only accelerating.”

In particular, private clouds are now on the rise. In 2018, a study predicted that governments will shift to private cloud at twice the rate of public cloud through 2021. Since then, the German federal government, the French Ministry of the Interior and a few Swedish government agencies, among others, have transitioned to private cloud to ensure control and security.

Other countries choose similar cloud solutions. Partnering with NRD Companies, Anguilla, a British overseas territory in the Caribbean, will have its electronic system for the Commercial Registry implemented on a hybrid cloud—a combination of on-premises infrastructure, private and public clouds—to ensure availability in a cost-effective way.

Positive influence of electronic business registries

The private sector is crucial in the country’s fight against poverty through investment and job creation. Where an effective private sector is lacking, business registration reform has been shown to be one of the essential first steps toward improving the business environment and fostering private sector growth. The easier, faster, and cheaper the business registration process becomes, the higher number of businesses are in an economy.

“When local businesses flourish, they create jobs and generate income that can be spent and invested domestically,” said Ieva Tarailienė, Head of Registry Practice at NRD Companies. “And for the businesses to flourish, favorable conditions must be ensured by the government. This is where digitization can help tremendously—online business registries streamline the whole process of formally registering one’s business and at the same time level the playing ground. As long as governments continue developing online business registration registries, it is a no brainer that their economic segments will only improve.”

The benefits of electronic business registries are reflected in the World Bank’s Ease of Doing Business ranking, which often acts as a guiding light for foreign investors. For example, Mauritius, an island nation in the Indian Ocean, has moved up 36 places during the last three years and is now ranked first in the Sub-Saharan region and 13th overall in the latest Doing Business ranking. This is mostly thanks to its paperless e-registry system, recently developed by NRD Companies, which allows businesses and citizens to use over 30 registries completely remotely.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Telecommunications

Lagos Residents Frustrated by Rapid Data Drain, Call for NCC Action

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Lagos residents are expressing increasing frustration over what they describe as the rapid depletion of their data bundles.

Many subscribers are now calling on the Nigerian Communications Commission (NCC) to address their concerns as they suspect changes in billing practices by telecommunication providers.

Numerous subscribers have reported that their data does not last as long as it used to. A Lagos-based teacher, Mrs. Nafidah Zaynab, shared her experience, stating that a N2,000 data bundle, which previously lasted almost a month, now depletes within just a few days.

This sentiment is echoed by many, including Idowu Anabili, a trader who has reduced his data usage due to rising costs.

Abdullahi Yunus, who runs a café, noted a significant increase in his data expenses, spending between N70,000 and N100,000 monthly, up from N30,000. He attributes this spike to faster data consumption.

Telecom operators deny any wrongdoing, attributing the faster data consumption to increased usage by subscribers.

An anonymous official from MTN explained that the variety of activities performed on smartphones has increased, leading to faster data usage.

Airtel Nigeria’s spokesperson, Mr. Femi Adeniran, suggested that background apps and high-definition streaming contribute to the issue.

Despite complaints, operators assert they have not officially increased data prices. They emphasize that automatic app updates and other technical factors may be responsible for the perceived quick depletion.

Experts suggest that the challenging economic climate may be pressuring telecom companies to subtly reduce data value.

The industry has reported a 43% rise in operational costs, although no formal tariff hikes have been announced.

The NCC has clarified that it has not authorized any increase in data tariffs. The commission highlights technical factors like automatic video play and app updates as potential causes for quick data depletion.

In a bid to assist consumers, the NCC has advised turning on data saver modes and managing app updates to conserve data.

To combat the issue, Mobile Network Operators (MNOs) have initiated a campaign to educate consumers on optimizing their data usage.

They recommend practices such as disabling automatic updates and closing unused apps.

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Social Media

Meta Shuts Down 63,000 Nigerian Accounts in Sextortion Crackdown

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In a significant move to combat online crime, Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, has removed 63,000 accounts in Nigeria linked to sextortion scams.

This sweeping action is part of Meta’s ongoing effort to address the growing threat of digital extortion on its platforms.

Unmasking the Scammers

The crackdown, which took place at the end of May, targeted accounts engaged in blackmail schemes.

These scammers posed as young women to coerce individuals into sharing intimate photos, which were then used to extort money from the victims.

The removal follows a Bloomberg Businessweek exposé highlighting the rise of such crimes, particularly affecting teenagers in the United States.

The Global Impact

The U.S. Federal Bureau of Investigation (FBI) has identified sextortion as one of the fastest-growing crimes targeting minors.

The schemes often lead to severe consequences, including the tragic suicides of more than two dozen teens.

In one high-profile case, the death of 17-year-old Jordan DeMay in Michigan led to the arrest of suspects traced back to Lagos, Nigeria.

The Role of the Yahoo Boys

Many of the dismantled accounts were linked to the “Yahoo Boys,” a notorious group known for orchestrating various online scams.

These individuals have been using social media to recruit and train new scammers, sharing blackmail scripts and fake account guides.

Meta’s Response

Meta’s spokesperson emphasized the company’s commitment to user safety, stating, “Financial sextortion is a horrific crime that can have devastating consequences.”

The company is continually improving its defenses and has reported offenders targeting minors to the National Center for Missing & Exploited Children.

To enhance protection, Meta has implemented stricter messaging settings for teen accounts and safety notices regarding sextortion.

They are also employing technology to blur potentially harmful images shared with minors.

Ongoing Efforts

Meta’s actions highlight the complex and evolving nature of online crime. The company has pledged to remain vigilant, adapting its strategies to counter new threats as they emerge.

“This is an adversarial space where criminals evolve to evade our defenses,” Meta noted.

Looking Forward

As digital platforms continue to grapple with issues of privacy and security, Meta’s recent actions demonstrate a proactive stance in safeguarding users.

By dismantling these networks, the company aims to reduce the prevalence of sextortion and foster a safer online environment for all.

The crackdown serves as a reminder of the need for continued vigilance and collaboration between tech companies and law enforcement to protect individuals from the harmful effects of digital exploitation.

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Fintech

Flutterwave Celebrates Inclusion in CNBC’s Top 250 Global Fintechs

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Flutterwave has been recognized as one of the Top 250 Fintech companies globally by CNBC and Statista.

Joining the ranks of industry giants like Ali Pay, Klarna, Piggyvest, and Mastercard, this accolade underscores Flutterwave’s impact on the financial technology sector.

This honor follows Flutterwave’s recent inclusion in Fast Company’s Most Innovative Companies list, highlighting the company’s pivotal role in transforming Africa’s payment landscape.

The recognition is a testament to Flutterwave’s dedication to innovation and excellence in providing seamless payment solutions across the continent.

Expressing gratitude, Flutterwave acknowledged its talented team, supportive board, reliable partners, and loyal customers for contributing to this success.

The company continues to drive progress in the fintech industry, reinforcing its commitment to enhancing financial accessibility and inclusion in Africa and beyond.

Flutterwave’s recognition on these prestigious lists marks a proud moment and a significant milestone in its journey, reflecting the company’s growing influence and leadership in the global fintech arena.

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