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Automated risk profiling and rating for financial institutions in Africa

Risk profiling and rating helps financial institutions assess the risk associated with new customers - both individuals and businesses. It helps banks make informed decisions about the level of due diligence required for each customer and ensures compliance with applicable laws and regulations.

AML Screening in Africa: How digital AML screening platforms boost accuracy and reliability

Financial institutions need to invest in a substantial anti-money laundering (AML) technologies to catch criminals, to meet compliance requirements, and to avoid the heavy penalties for failing to do so. AML screening helps financial institutions in Africa improve compliance.

PEP screening in Africa: Landscape, challenges and automation

Financial crimes pose a significant concern for financial institutions, and organizations are obligated to comply with anti-money laundering regulations to combat such crimes. As part of this compliance, institutions must identify customers who may have a higher risk of being involved in financial crimes. PEP screening helps identify high-risk customers and prevent financial crimes.

How to build a reliable PEP screening process with Laboremus

Politically exposed persons (PEPs) pose a higher risk of corruption and involvement in money laundering and/or terrorist financing. To mitigate the potential risk, financial regulators require financial institutions in Africa to implement enhanced due diligence (EDD) measures and clearly identify PEPs. Here we summarise key considerations for financial institutions and banks to build a reliable PEP due diligence process.

How Laboremus works as a KYC and KYB middleware for banks in Africa

As adoption of digital banking accelerates in Africa, financial institutions are quickly running into the limits of their existing infrastructure. We explore how legacy infrastructure disrupts growths for banks in Africa and how using Middleware solutions can accelerate your digital transformation journey.

Customer Onboarding

Streamline data collection and validation with digital customer onboarding

Financial institutions in Africa have struggled to fully leverage customer data as an asset. With a digital customer onboarding process, financial institutions improve the quality of customer data captured on the first interaction and ensure that all data is automatically validated to meet desired accuracy standards.

Customer Onboarding

How digital customer onboarding reduces fraud risk for financial institutions

As banking in Africa proliferates and becomes increasingly digital, financial institutions are left grappling with two key challenges on their journey to growth: How to accelerate customer acquisition? And how to reduce and counter the risk of identity fraud?

How Automated KYB works and its benefits for financial institutions in Africa

Automating KYB is a challenge for banks and financial institutions. There are many hurdles that need to be overcome. Laboremus has automated the KYB process for banks and financial services companies in Africa.

Fintech startup Laboremus Uganda receives further funding from European investors

Uganda-based fintech startup Laboremus has received further funding to accelerate the adoption of digital KYC and customer onboarding solutions in Africa.

KYB in Africa: Complete Guide to Know Your Business in Africa

A deep dive into KYB for banks and financial institutions in Africa. KYB is essential for financial institutions to verify the identity and legitimacy of their business partners, customers and suppliers.

Risks for financial institutions that don't have a robust KYB process

By implementing automated KYB verification, financial institutions can optimise their operations, offer superior experience to their customers and massively reduce their risk to fraud.

Uganda-based fintech offering onboarding-as-a-service receives scale-up funding

DOB Equity and FCA Investments announce a seed investment to accelerate the implementation of the company’s vision to build credit infrastructure for all African financial institutions.

Laboremus wins tender to develop Digital ID verification for Financial Sector

Bank of Uganda (BoU), in collaboration with Uganda Bankers’ Association (UBA) and Financial Sector Deepening Uganda (FSDU) have signed a contract with fintech company Laboremus Uganda to develop a digital ID verification system to be used by all banks and other licensed financial service providers in the country.

Laboremus partners with ADC, Rabobank to develop dairy industry

ADC, Rabobank Foundation and Laboremus Uganda are happy to announce a partnership to help Uganda’s dairy farmers and cooperatives grow.

FSD Uganda and Laboremus partner on farmer financing

Laboremus launches digital platform to improve access to credit for smallholders & improve management of cooperatives. Funding received from Financial Sector Deepening Uganda will help build resilience of smallholder farmers and the groups that serve them.

More news and insights

Automated risk profiling and rating for financial institutions in Africa

AML Screening in Africa: How digital AML screening platforms boost accuracy and reliability

PEP screening in Africa: Landscape, challenges and automation

How to build a reliable PEP screening process with Laboremus

How Laboremus works as a KYC and KYB middleware for banks in Africa

Customer Onboarding

Streamline data collection and validation with digital customer onboarding

Customer Onboarding

How digital customer onboarding reduces fraud risk for financial institutions

How Automated KYB works and its benefits for financial institutions in Africa

Fintech startup Laboremus Uganda receives further funding from European investors

KYB in Africa: Complete Guide to Know Your Business in Africa

Risks for financial institutions that don't have a robust KYB process

Uganda-based fintech offering onboarding-as-a-service receives scale-up funding

Laboremus wins tender to develop Digital ID verification for Financial Sector

Laboremus partners with ADC, Rabobank to develop dairy industry

FSD Uganda and Laboremus partner on farmer financing

Press Coverage

Fintech Laboremus Uganda secures funding to grow its platform in neighbouring markets

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New system launched to profile borrowers

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BOU, bankers roll out digital ID verification for customers

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ICT Minister Frank Tumwebaze Launches Refactory Program, to Boost Innovations

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More banks go digital to slash operational costs

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NORAD awards $2M grant to CIU, Laboremus & Fontes Foundation to bring high-quality technology and entrepreneurial education

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Limited access to background data hinders access to credit

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