Prembly Partners NAMFISA to Strengthen Innovation And Inclusion in Africa

Africa’s leading provider of compliance and digital security infrastructure, Prembly, has partnered with the Namibia Financial Institutions Supervisory Authority (NAMFISA), to strengthen innovation and inclusion in Africa.

Prembly partnership with NAMFISA will help drive collaboration, identify opportunities, and foster innovation towards building a digital identity framework for Namibia, thus advancing the country’s digital economy at large.

Also, by leveraging Prembly’s expertise in digital identity solutions, NAMFISA aims to create an inclusive and interoperable comprehensive system that supports innovation while meeting regulatory compliance needs.

Speaking on its collaboration with NAMFISA, Prembly’s co-founder and COO Niyi Adegboye disclosed that this partnership signifies the company’s effort to enable innovation and promote safe and digitally sound economies in Africa.

He said, “We are excited to partner with NAMFISA and contribute to developing a digital identity framework for Namibia. This partnership further demonstrates our vision to strengthen innovation and inclusion in Africa, and we are committed to leveraging our expertise and resources to drive this mission forward.

Also speaking on its partnership with Prembly, NAMFISA CEO Kenneth Matomola said, “This partnership with Prembly brings expertise in compliance and digital security to the table. We are most grateful to have received support from Prembly which aligns with NAMFISA’s mission to regulate and supervise Namibia’s financial sector in a manner that fosters innovation, financial inclusion, and stability”.

With Nambia offering strong potential for tech innovation and development, Investors King understands that Prembly’s partnership with NAMFISA is a significant indicator of the development of a large-scale digital security infrastructure that will strengthen the country’s ecosystem.

Having worked with governments and regulatory bodies in over 40 African countries, Prembly has established itself as a leading provider of identity verification, compliance, and online security solutions across emerging markets,

The startup offers the ultimate KYC and Compliance experience across Africa, helping businesses verify, gain deeper insights about customers, and detect and prevent fraud using data directly from authentic issued identifiers and AI-powered technology.

In 2022, Prembly won the Fastest Growing KYC & Verification Company Award during the 2022 NBLA Awards organized by BusinessDay.

With monthly identity verification rates in millions, 100s of digital businesses across emerging markets are being powered to greatness by Prembly’s base array of AI-powered software, which includes, Crypto, Gaming, FMCGs, financial institutions, public sectors, Insurance, Alcohol, and Tobacco.

In terms of unique products, the company has quite a number of them, and one major one with the highest coverage, is its document verification endpoint which allows businesses to verify over 6500 documents across hundreds of countries and regions.