South African digital identity startup iiDENTIFii is teaming up with Zambian bank Zanaco to introduce its cutting-edge identity solution to Zambia.

iiDENTIFii has developed advanced face authentication technology, allowing users to be securely authenticated via their mobile phones or PCs in seconds. The startup's technology is already trusted by major pan-African banks, insurers, and mining companies for both customer and employee authentication.

With last year's successful funding round of US$15 million to fuel its African expansion, iiDENTIFii is joining forces with Zanaco to bring identity verification and its associated benefits to a broader audience.

In Zambia, this partnership aims to address challenges related to digital exclusion, limited service access, and identity fraud. Many individuals across the continent lack recognized identification, hindering their access to banking, healthcare, and government services.

Gur Geva, founder and CEO of iiDENTIFii, emphasized the importance of collaborating with financial institutions like Zanaco. By integrating identity verification solutions, Zanaco can extend its reach to underserved populations, enabling them to open bank accounts, access credit, and make secure transactions. This partnership not only promotes financial inclusion but also enhances data protection and security, driving positive change in Zambia's digital landscape.

Zanaco views this partnership as a timely step in its commitment to financial inclusion through its banking platforms. Their digital banking solutions have already made a significant impact on underserved communities by removing barriers to financial access. By offering user-friendly mobile and online banking platforms, Zanaco has brought banking services to areas that previously lacked access, increasing financial inclusion and making it easier for individuals to save, transact, and access credit. 💳📲

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