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Technology driven banking KYC to deepen mass market engagements

Globally, technology has become an enabler for economies and industries. It is transforming governance, agriculture, health, oil and gas, and financial services, among other sectors, by driving effective and efficient performance largely for the benefit of the governed, consumers and corporations. That's why economies or industries with penchant for adopting innovative technology to drive their [...]

Reinventing banking industry KYC standards

By Luqman Balogun It is not without good reason that Nigeria and Nigerians are unduly maligned for crimes committed in heinous proportions in other climes such as drug trafficking, Internet and credit card frauds, among others. The reason is simple. Nigeria is among the countries in the world where there is inadequate social infrastructure to [...]

Dermalog, Chams implement banking industry KYC project

Leading identity management and transaction payments firm, Chams Plc has entered into strategic partnership with Dermalog Identification Systems on the implementation of the Central Bank of Nigeria (CBN) and Bankers Committee initiated banking industry KYC biometric project. Headquartered in Germany, Dermalog will provide technical support to Chams, the preferred local technology firm providing the end-to-end [...]

YouWin gains Momentum, conducts Biometric registration for 6000 trainees

“Youth Enterprise with Innovation in Nigeria YouWIN” was lauched by the GEJ government in 2011 and  is designed to help identify young Nigerian entrepreneurs with bankable businesses or business ideas. The programme was designed to produce 1,200 winners per cycle, these winners are then given sizable grants (some up to N10 million) by the federal [...]

Osun Implements Biometric Data Capture And Epayment 10,000 NYSC Members

Ogbeni Rauf Aregbesola, is by far the most ICT inclined governor in Nigeria. Apart from implementing epayment scheme for pensioners and civil service staff in Osun state, he has implemented biometric datacapture for the corp members posted to the state. The objective of this is to mitigate the rampant practice of abscondment and impersonation known [...]

CHAMS Plc Become 28th

Nigeria’s leading indigenous technology company with focus on Identity management and epayment solution and systems, Chams plc celebrated her 28th Anniversary this September. Standing tall where many have fallen, Chams has repositioned itself as a major force to reckon with in Nigeria for identity management and leading the pack in the many CBN cash-lite and [...]

We’re Pushing for Laws on E-Payment – Aladekomo (Interview with Emeka Aginam )

Electronic payment system is a relatively new phenomenon in Nigeria. Today, majority of transactions in the country are done with cash as a result of the fact that cash remains the preferred medium for payment despite the rapid penetration of ICT in the last decade, and government policies in this direction. However, poor awareness of [...]

Chams’ profitability rises by 107% to N87m

Chams Plc recorded 107 per cent growth in profitability to N87.5 million for the operating year ended 2012 from a net loss of N1.24 billion the previous year. The information and communication technology company attributed the feat to the impact of restructuring programme announced in 2011. The restructuring enhanced internal efficiency and cost management prompting [...]

Chams appoints Richards as Chairman

  The Board of Directors of Chams Plc has announced the appointment of the Very Rev. Ayo Richards as its chairman. Richards succeeds Prof. Adebayo Akinde, who served on the board of the company as chairman for eight years.The outgoing chairman was recently appointed the Archbishop of Lagos Diocese of The Church of Nigeria (Anglican [...]

MD Chams received a Lifetime Achievement Award

The Managing Director of Chams Plc, Mr. Demola Aladekomo was given a LIFETIME ACHIEVEMENT AWARD in recognition for his contribution to the ePayment Industry on 13 June 2013 at the Card ATM and Mobile Expo 2013 at Eko Hotel. organised by Intermarc Consulting Limited. Intermarc Consulting which is also an epayment management consulting firm is [...]