Regfyl, a startup specializing in Anti-Money Laundering (AML), fraud prevention, and regulatory compliance, has emerged as the winner at the 2024 Africa Fintech Summit Pitch held in Washington D.C.
The competition is a flagship event of the bi-annual summit, that brings together leading Fintech innovators, investors and policymakers from across the globe.
Regfyl won with its cutting-edge technology that utilizes Artificial Intelligence (AI) to provide unparalleled anti-money laundering (AML) and fraud prevention solutions, tailored specifically for the diverse and evolving needs of financial institutions in Africa.
CEO of Regfyl, Dr. Tunde Ibidapo-Obe, while receiving the 2024 Africa Fintech Summit award, said:
“Winning this competition highlights the transformative potential of our solution in tackling compliance challenges such as fraud and AML. We provide global-standard compliance solutions at affordable local prices, mitigating forex fluctuation risks.”
CTO of Regfyl, Dr. Tomiwa Erinosho, said:
“Regfyl’s AI-powered toolkit excels in accuracy, particularly its self-populating politically exposed person (PEP) identification module.
The company has also invested heavily in research to support rapidly scaling institutions, enhancing efficiency for fraud and compliance teams across Nigeria and beyond.”
The new win follows Regfyl’s greatly lauded performance as a runner-up at the prestigious Oxford Cambridge University’s – Oxbridge AI Challenge in London, UK, in December 2023.
