API – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Tue, 17 Feb 2026 07:48:55 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png API – Tech | Business | Economy https://techeconomy.ng 32 32 How Stanbic IBTC is Financing Real Estate Projects Beyond Lagos Megacity https://techeconomy.ng/how-stanbic-ibtc-is-financing-real-estate-projects-beyond-lagos-megacity/ https://techeconomy.ng/how-stanbic-ibtc-is-financing-real-estate-projects-beyond-lagos-megacity/#respond Tue, 17 Feb 2026 07:48:55 +0000 https://techeconomy.ng/?p=176286 In the Nigerian tech ecosystem, we talk about scaling software. But at the 2026 Wemabod Real Estate Outlook Conference, the conversation was about scaling something much more tangible: roofs over heads.

With over 1,800 stakeholders gathered under the theme “Unlocking land and infrastructure for inclusive housing,” the event served as a high-level sync between policymakers and the big banks.

Leading the charge was Stanbic IBTC, positioning itself as the financial layer for Nigeria’s next urban upgrade.

The Strategy: From Congestion to Corridors

The keynote from Bashir Oladunni, CEO of Wemabod, set the tone: Nigeria needs a system restart on urban planning.

The goal is to move the population from overcrowded urban centers to meticulously planned regional corridors.

But you can’t build a corridor without a massive CapEx injection. This is where Stanbic IBTC comes in.

The CEO’s Take: Housing as an Asset Class

Wole Adeniyi, chief executive of Stanbic IBTC Bank, didn’t just talk about mortgages; he talked about dignity and value.

“Sustainable growth is impossible without inclusive assets,” Adeniyi noted during a fireside chat. “Inclusive housing cannot be achieved without purposefully unlocking land and aligning infrastructure from the outset.”

In Techeconomy terms: Land is the hardware, infrastructure is the operating system, and capital is the power source.

Stanbic is betting that by aligning these three, they can deliver housing solutions that offer long-term ROI for both the bank and the citizen.

Collaboration as a Multi-Player Game

Tola Akinhanmi, head of Real Estate Finance at Stanbic IBTC Capital, highlighted that the housing deficit is a boss level too large for any single player to beat.

The bank’s thesis for 2026 is built on Intentional Cooperation, a multi-stakeholder API involving government, private developers, and regional financiers.

The focus is on creating scalable projects that aren’t just one-off luxury apartments but inclusive developments that align with regional economic priorities.

As Nigeria’s population continues to surge, the demand for housing is the ultimate addressable market.

Stanbic IBTC’s heavy presence at the Wemabod summit suggests the bank is looking beyond traditional corporate banking to become the primary architect of Nigeria’s real estate financing.

If they can successfully bridge the gap between policy, capital, and execution, they won’t just be financing buildings; they’ll be financing the physical infrastructure of the $1 trillion economy.

For a bank that prides itself on IT-driven solutions, this is the ultimate real-world application.

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Okra Closes Down: What Happened to Nigeria’s Open Banking Pioneer? https://techeconomy.ng/okra-startup-closes-down/ https://techeconomy.ng/okra-startup-closes-down/#comments Thu, 03 Jul 2025 14:24:55 +0000 https://techeconomy.ng/?p=162350 Okra, the once-promising fintech startup behind Africa’s entrance into open banking, has shut down operations. 

Its cloud infrastructure product, Nebula, is also no more. And with both gone, one of the continent’s most ambitious tech stories has come to a quiet and unexpected end.

Okra Introduces Nebula: Africa’s Own Cloud Solution

The company, which raised over $16 million from global investors, officially ceased operations in May 2025. Fara Ashiru Jituboh, the co-founder and former CEO/CTO, confirmed the closure in a statement to Techpoint Africa:

The company made the decision to wind down operations in May. It was an incredible journey; we built impactful technology, worked with some of the biggest brands across the continent, and helped pioneer open banking in Africa. I’m proud to have worked alongside some of the smartest and most talented people, and I’m deeply grateful for the community, customers, investors, and team who supported us over the past five years.”

Jituboh has since moved on to take up a new position as head of Engineering at the UK-based startup, Kernel, according to her LinkedIn profile

Her exit followed a series of quiet internal changes at Okra, including the departure of her co-founder, David Peterside, in 2022. Since then, no successor was publicly named, and by mid-2025, the startup was already off the radar of most in the ecosystem.

Founded in 2019, Okra set out to do something few African startups dared; build the core infrastructure powering open finance. Its APIs enabled users to link their Nigerian bank accounts to third-party applications in real time, offering services from identity verification to income and transaction data sharing.

That initiative attracted early backing, including $1 million from TLcom Capital and a $3.5 million seed round led by Susa Ventures, eventually pushing total funding beyond $16.5 million.

But scale didn’t guarantee survival. In October 2024, in response to high foreign exchange costs that made services like AWS and Azure increasingly expensive, Okra launched Nebula, a naira-denominated cloud platform aimed at local businesses.

Designed to offer Tier 3 and Tier 4 data centres, compliant with African data regulations and billed in local currency, Nebula was intended to reduce dependence on costly international services. It was an aggressive bet on infrastructure, competing against the likes of Nobus and Layer3.

However, tech giants quickly responded by enabling local billing and slashing prices, with AWS and Microsoft reportedly cutting rates by up to 20%. With that, any price advantage Nebula hoped to offer was gone, and customer adoption remained underwhelming.

By March 2025, Jituboh publicly admitted what many in tech were privately whispering, cloud expenses had become unsustainable: salaries aside, server costs were swallowing most of Okra’s revenue. 

The competitive space added further challenges. Startups such as Mono and Stitch, which raised $17.6 million and $52 million respectively, raced ahead in distribution, partnerships, and product sophistication. These rivals had deeper war chests and were able to move faster, often capturing the very market segments Okra once aimed for.

With no external capital infusion publicly announced after 2021, and an economic environment that continued to worsen, the signs were there. Few noticed.

What’s perhaps most notable is how quietly it all ended. No press release or farewell post. Just an update on LinkedIn and a quote to a reporter. For a company that once called itself the “Plaid of Africa,” it was a soft landing that belied the size of its dreams.

Before founding Okra, Jituboh had worked at Canva, BMW, and JP Morgan. She returned to Nigeria to solve a problem she’d experienced first-hand, fintech apps that didn’t connect to local banks. 

Okra’s solution was commendable, building the rails of open finance. And for a while, it worked. Its API usage surged by 175% in early 2020. Partnerships with platforms like Renmoney, Branch, Bamboo, and AIICO Insurance came quickly. Regulators took notice, investors followed.

But between currency depreciation, infrastructure strain, and the leadership vacuum post-2022, Okra’s speed slowly faded. The fintech space had grown more crowded and more difficult. Scaling in Africa without a deep-pocketed backer or profitable model remains a fierce challenge.

Okra’s closure repeats the fact that startups need staying power, but in Nigeria’s current economic situation, even the brightest ideas are fighting for breath.

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Remita Beams Searchlight on AI in Nigeria’s Fintech Sector https://techeconomy.ng/remita-beams-searchlight-on-ai-in-nigerias-fintech-sector/ https://techeconomy.ng/remita-beams-searchlight-on-ai-in-nigerias-fintech-sector/#respond Wed, 02 Apr 2025 09:36:14 +0000 https://techeconomy.ng/?p=156060 Artificial Intelligence (AI) is redefining the financial technology landscape, driving multi-dimensional transformation through efficiency, innovation, and enhanced fraud management.

As AI-powered solutions revolutionise operations, decision-making, and customer engagement, Nigeria’s fintech industry must move beyond just observing to structured adoption.

FintechNGR and DeRemi Atanda
‘DeRemi Atanda, managing director, Remita

Embracing AI strategically will not only enhance operational effectiveness, but also expand access to financial services, ensuring a more inclusive and resilient digital economy.

Nigeria’s AI market is projected to reach USD $434.4 million by 2026, growing at a staggering 44.2% compound annual growth rate (CAGR), organisations must therefore position themselves to harness its transformative potential. For Nigerian fintechs with a long-term vision, the urgency to act has never been greater.

The sector stands at a critical juncture where embracing AI is no longer optional but essential for sustainable growth, innovation, and competitive advantage.

With a legacy of pioneering payment innovations, Remita has been at the forefront of Nigeria’s most transformative payment solutions, setting the benchmark for secure and seamless payment transactions.

As fintech enters the AI-driven era, Remita is once again leading the charge with the launch of its report – Unlocking the Power of AI in Nigeria’s Fintech Sector.

The report serves as an industry blueprint providing actionable insight for AI adoption in financial services, and equipping fintechs with practical steps to harness AI for business growth, operational resilience, and sustainable innovation.

Conceived as a critical resource for fintech leaders, the report provides industry players with insights to future-proof their operations and stay ahead of evolving global trends.

Nigeria’s fintech sector is expanding rapidly, commanding 52% of Africa’s total fintech funding and housing five of the continent’s nine unicorns as at 2024.

According to industry data, the sector has played a significant role in doubling financial inclusion rates from 32% in 2012 to 64% in 2024 – a 100% increase in financial inclusion within a decade.

This momentum is underscored by Nigeria’s surging digital transaction volume, which grew by 16.7% between 2023 and 2024, reaching over 11.2 billion transactions valued at $713 billion (₦1.07 quadrillion) in 2024 alone.  AI is setting the stage for more multi-dimensional growth in the fintech sector, propelling the industry to new heights.

“For years, fintech in Nigeria has been defined by bold ambition and relentless execution, but the next phase of development requires more strategic intelligence, and AI is one of the keys to unlocking what more represents.” said ‘DeRemi Atanda, managing director, Remita. “The leaders of tomorrow will be those who understand how to leverage the capabilities that new technologies like AI bring to the fore. The question is no longer whether to adopt AI, but how to do so in a way that delivers maximally.” Similarly, as AI becomes central to financial technology, businesses that fail to integrate it into their core operations risk losing relevance in an increasingly digital-first economy.

Artificial intelligence is already proving its worth within the fintech industry by improving user experiences, enhancing operational efficiency, combating fraud, accelerating innovation, reducing time to market, and lowering costs.

The benefits of AI are becoming increasingly evident at Remita, where in-house tests show a 40% improvement in customer experiences, a 50% acceleration in API integration timelines, and a 19% reduction in customer inquiries. This clearly indicates that AI adoption is no longer a futuristic concept but a present necessity for fintechs looking to scale and remain competitive.

The new report from Remita offers a comprehensive guide for fintech firms, regulators, and industry players, outlining key actions necessary for AI adoption.

It provides AI transformation strategies for fintechs drawn from Remita’s AI implementation journey.

The report also details a framework for regulatory collaboration to ensure AI-driven financial services remain ethical, transparent, and secure while providing guidelines for workforce AI-readiness to help teams build the skills and literacy needed to drive AI-powered fintech innovation.

“AI should be a force multiplier – not just an isolated feature set” noted Uchenna Okpagu, Chief AI Officer, Remita. “Fintech firms that embed AI into their operational DNA, to transform security, scalability, and business intelligence, will be the ones to drive the next decade of financial transformation.” In the same vein, deploying AI is not just about having the latest technology and keeping up with trends, it requires carefully structured implementation, risk assessment, and a commitment to responsible innovation.

“Our commitment to AI innovation is not just about business transformation, it is about strengthening Nigeria’s position as Africa’s fintech powerhouse,” Atanda stated. “Apart from the general insights shared, this report provides some insight into how we have leveraged AI over the years and reinforces our position as a thought leader in AI and fintech innovation. With the right partnerships, policies, and execution, we can all create a Nigeria and indeed Africa where AI-driven financial services are accessible, efficient, and built to last.”

As a pioneer in payments and digital finance, Remita is not just adopting AI, it is shaping the standards for AI integration in fintech.

This strategy is part of the company’s vision to remain at the forefront of fintech innovation, driving forward-thinking solutions that empower businesses, governments, and individuals.

The future of fintech will be defined by those who build with intention, execute with precision, and adapt to the realities of an AI-driven world, concludes the report.

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Redefining Business Communication – How CPaaS X Empowers Companies in the Digital Age https://techeconomy.ng/how-cpaas-x-empowers-companies-in-the-digital-age/ https://techeconomy.ng/how-cpaas-x-empowers-companies-in-the-digital-age/#respond Mon, 17 Mar 2025 09:38:57 +0000 https://techeconomy.ng/?p=154989 In the modern digital landscape, effective communication is crucial for businesses to stay ahead of the competition, and the introduction of Communications Platform-as-a-Service (CPaaS X), a new set of enhanced Application Programming Interfaces (APIs), is positioned to transform how companies interact with their customers and modernise internal operations.

CPaaS X is a next-generation communication platform designed to empower businesses by integrating multiple communication channels under a unified API framework.

One of the key enhancements of CPaaS X is its suite of automated tools that streamline critical business functions like resource allocation and campaign management.

These features help to significantly reduce operational complexity for companies, allowing them to focus their efforts on strategic growth initiatives.

CPaaS X offers advanced tools that enable companies to engage with customers more effectively and modernise their operations in a cost-efficient manner.

The platform’s ability to unify disparate communication channels under a single API provides businesses with a powerful solution to enhance customer interactions and drive greater efficiencies across their organisation.

Transformative approach

Overall, CPaaS X represents a transformative approach to business communications, empowering companies to optimise their operations and unlock new growth opportunities, especially in fast-paced markets.

The platform’s automation capabilities and integrated feature set make it a compelling offering for organisations seeking to stay agile and competitive.

CPaaS X is designed to address some of the key challenges that businesses, particularly in Africa, often face. Many companies in this market grapple with fragmented communication channels and high operational costs, while also needing scalable solutions to support their growing customer base.

CPaaS X directly tackles these pain points by providing a unified platform that seamlessly integrates multiple communication channels. This not only simplifies management for businesses but also reduces integration costs and ensures a consistent customer experience across various touchpoints. Crucially, the platform also automates repetitive tasks, freeing up resources that can be redirected towards more strategic initiatives.

Additionally, CPaaS X enhances customer engagement through its personalisation capabilities. By tailoring communications and interactions to individual preferences, the platform enables businesses to forge stronger, more meaningful connections with their clients.

Underpinning all of this is CPaaS X’s support for efficient resource allocation. The platform’s real-time data insights and analytics empower businesses to make informed decisions quickly, adapting to fluctuating market trends and allocating resources where they will have the greatest impact.

Compelling solution

In general, CPaaS X’s ability to unify communication channels, automate workflows, enhance customer engagement, and facilitate data-driven decision-making makes it a compelling solution for African businesses seeking to overcome operational challenges and position themselves for growth.

The CPaaS X platform offers a truly unified approach to business communications, seamlessly integrating various channels like SMS, email, WhatsApp, and voice under a single API framework.

Infobip WhatsApp-Flows
Infobip WhatsApp-Flows

This consolidation simplifies management, reduces integration costs and ensures a consistent customer experience for businesses.

Crucially, the unified approach enables faster deployment of campaigns and the ability to deliver messages on the customer’s preferred channel.

This flexibility allows companies to quickly adapt their outreach efforts, reaching customers where they are most engaged and responsive.

As a result, CPaaS X empowers organisations to forge more meaningful relationships with their target audiences, driving increased loyalty and better business outcomes.

Overall, the seamless integration of communication channels under CPaaS X‘s unified API is a game-changer for businesses, simplifying operations, reducing costs, and unlocking new opportunities to connect with and delight their customers.

Ultimately, CPaaS X will continue to evolve with more advanced Artificial Intelligence (AI) driven analytics, enhanced personalisation features and expanded integration capabilities for businesses.

This means even greater opportunity to leverage data for customer engagement and operational efficiency.

By continuously enhancing its features and adapting to market demands, CPaaS X is positioned to remain at the forefront of business communication platforms, empowering organisations to stay agile, competitive and customer-centric in the years to come.

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NITDA and API Release Whitepaper on Framework for an Online Harms Protection Bill https://techeconomy.ng/nitda-and-api-release-whitepaper-on-framework-for-an-online-harms-protection-bill/ https://techeconomy.ng/nitda-and-api-release-whitepaper-on-framework-for-an-online-harms-protection-bill/#respond Thu, 12 Dec 2024 14:53:07 +0000 https://techeconomy.ng/?p=149437 The National Information Technology Development Agency (NITDA) has announced the release of a Whitepaper on the Framework for an Online Harms Protection Bill in Nigeria.

This pivotal document was developed in collaboration with Advocacy for Policy and Innovation (API), an Africa-focused non-profit dedicated to advancing digital innovation and inclusive policy development.

The whitepaper was developed as part of a collaborative initiative to tackle the escalating challenge of online harm in Nigeria.

It builds on the discussions and key insights from Nigeria’s inaugural Content Moderation and Online Safety Summit, hosted by API in July 2022.

The whitepaper provides context on the prevalence of online harms and the need for action, highlighting the government’s effort through various agencies to propose solutions to protect citizens and children online.

It also provides rich resources on relevant conceptual ideas critical to the debate on approaches for regulatory action to combat online harms.

The paper further analyses efforts from other jurisdictions and proffers a range of ideas that can be considered for developing a framework in Nigeria.

The whitepaper will serve as a foundation for stakeholder engagement and developing a comprehensive, collaborative framework for a bill to protect Nigerians as we navigate online and interactive content.

The whitepaper is not intended to be a final document to define the contours of online harm in Nigeria.

Instead, it will be the basis for engagement with other relevant regulators, the security sector, civil society organisations, local and international internet platforms, businesses and the wider public. Therefore, the whitepaper does not present the sole opinions of NITDA but rather aggregated ideas based on research to guide regulatory options for meaningful engagement around online harms.

According to a statement signed by Mrs Hadiza Umar, director, Corporate Communications and Media Relations at NITDA, by releasing this whitepaper, the Agency and API aim to spark a national conversation on online harms and contribute to the development of a comprehensive legal framework that protects Nigerian citizens while fostering a vibrant digital ecosystem.

“We urge stakeholders to read this paper thoughtfully and respond with comments, questions and suggestions to theOHPwhitepaper.secretariat@apiintelligence.org with all tips and recommendations. The secretariat will collate these responses and present them to the stakeholder groups for subsequent engagement before developing a relevant Bill.

“The Agency thanks the steering team members, drawn mainly from Nigeria’s civil society, who participated in developing the whitepaper, and the Nigerian Human Rights Commission  (NHRC) representatives for their efforts as steering team members.  We also thank the project’s secretariat for their dedication and hard work in compiling the research to produce the whitepaper. We look forward to future engagements and conversations as we improve Nigeria’s digital economy and create a safe space for all to use the Internet as a shared resource”, Mrs. Umar said.

Download or read the Whitepaper via this link here.

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Nokia Acquires API Company to Boost Global 5G Innovation, Bridge Tech-Telecom Divide https://techeconomy.ng/nokia-acquires-api-company-to-boost-global-5g-innovation-bridge-tech-telecom-divide/ https://techeconomy.ng/nokia-acquires-api-company-to-boost-global-5g-innovation-bridge-tech-telecom-divide/#respond Wed, 13 Nov 2024 16:45:34 +0000 https://techeconomy.ng/?p=147538 Nokia, now a leader in telecommunications infrastructure beyond mobile phones, has acquired Rapid, a company renowned for its wide API marketplace. 

The acquisition will enable Nokia to strengthen its presence in the 5G space by providing telecom operators with a platform to enhance network accessibility for developers. 

Rapid’s technology, particularly its API hub, will be integrated into Nokia’s “Network as Code” initiative, aiming to unlock new opportunities for innovation within 5G and 4G networks.

With Rapid’s API solutions now under its umbrella, Nokia intends to support telecom providers in capitalising on network capabilities by making them accessible to third-party developers. 

Nokia’s new framework will enable mobile carriers to offer secure, standardised APIs, allowing developers to build diverse applications and services on existing network infrastructures. 

The platform has already attracted interest from industry giants such as BT, DISH, Google Cloud, Orange, and Telefonica, promising an extensive global reach for its 5G innovation strategy.

This acquisition is also a strategic pivot for Nokia. Once big in mobile handset manufacturing, Nokia gradually transitioned to telecom infrastructure after losing ground in the smartphone sector. 

Now, with the integration of Rapid’s API marketplace, Nokia will serve as an important link between telecom and technology. This step symbolises Nokia’s aim to help mobile operators seamlessly connect with the digital ecosystem, stimulating a new wave of services powered by 5G.

Network operators and tech companies alike are investing heavily in 5G infrastructure and leveraging Rapid’s technology will help Nokia empower telecom companies with a flexible API management solution, which will allow real-time control of API usage, enhanced lifecycle management, and improved developer collaboration.

Raghav Sahgal, Nokia’s president of Cloud and Network Services, emphasised the importance of creating a scalable platform that bridges telecom capabilities with developers worldwide. 

Operators need a bridge to thousands of developers to drive value creation and monetise networks. Rapid’s API technology and skilled R&D team will support Nokia in accelerating the adoption of network APIs,” Sahgal stated.

Rapid’s CEO, Marc Friend, noted that Nokia’s scale and extensive industry expertise provide an opportunity to expand the reach and impact of Rapid’s API solutions.

Through the merger with Nokia, Rapid will contribute its API marketplace and enterprise-grade technology to a platform already gaining momentum in the global market.

Although the terms of the acquisition have not been publicly disclosed, this deal reiterated Nokia’s continued investment in future-proofing the telecom sector and enhancing its 5G offerings. 

The integration of Rapid’s assets, from its API hub to its developer network, is expected to drive global innovation, making it easier for network operators to collaborate with technology providers and developers worldwide. 

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Infobip, Nokia Partner to Enable Developers Build Faster Telco Network Powered Apps https://techeconomy.ng/infobip-nokia-partner-to-enable-developers-build-faster-telco-network-powered-apps/ https://techeconomy.ng/infobip-nokia-partner-to-enable-developers-build-faster-telco-network-powered-apps/#respond Fri, 03 May 2024 09:26:37 +0000 https://techeconomy.ng/?p=130505 Today, Infobip, a globally recognised cloud communications platform, and Nokia, announced a partnering agreement that will enable the global developer community to leverage both companies’ Application Programmable Interface (API) platforms in order to build a wider array of telco network powered applications faster for consumer, enterprise, and industrial customers.

Infobip’s market-leading cloud Communications Platform as a Service (CPaaS) provides developers with APIs for integrating real-time omnichannel communications features such as SMS, voice, video, chat apps, and network APIs into their applications.

Infobip and Nokia
Infobip and Nokia

Nokia’s Network as Code platform with developer portal offers developers APIs for tapping into 5G network capabilities like quality of service (QoS) on demand, device location precision and network slicing, as well as 4G capabilities.

Developers will be able to utilize all of those capabilities more easily, giving them complete coverage of Network and CPaaS APIs in the development of new use cases and the capacity to enhance application performance.

Nokia’s Network as Code platform with developer portal brings together networks from around the world, along with systems integrators and software developers, into a unified ecosystem; using technical standards produced through industry initiatives such as the GSMA Open Gateway initiative and the Linux Foundation CAMARA. Nokia and Infobip contribute to both initiatives.

Infobip’s customer engagement use cases include CAMARA-compliant Number Verify and SIM Swap APIs, which are already live.

The firm is also working to bring further use cases to market including Device Location and Quality on Demand APIs, having now signed 12 API collaboration agreements.

The CPaaS platform was recently named a finalist in the inaugural Global Mobile Awards GSMA Open Gateway Challenge for its anti-fraud intelligence collaboration.

The joint work between Infobip and Nokia will offer a simplified developer experience without the burden of navigating the complex underlying network technologies, allowing developers to integrate capabilities into their applications faster, relative to working separately with the two companies’ platforms.

Nokia has signed collaboration agreements with 11 network operators and ecosystem partners to use the Network as Code platform with developer portal since its launch in September 2023.

Matija Ražem, Vice President of Business Development at Infobip
Matija Ražem, vice president of Business Development at Infobip

Matija Ražem, VP of Business Development, at Infobip said: 

“This agreement with Nokia further demonstrates how Infobip is helping telcos deliver new services and gain new revenue. We will continue to build and offer additional CAMARA-compliant APIs worldwide, working closely with our telco partners to expose customer experience friendly APIs to developers It is testament to our global market-leading CPaaS position, strong developer relations and history of strategic telco collaborations. These are essential to increase the potential for a successful collaboration and faster time to revenue.”

Shkumbin Hamiti, Head of Network Monetization Platform, Cloud and Network Services at Nokia, said: 

“This partnering agreement reflects our ongoing commitment to work closely with the developer community. It is about expanding choice and scale and giving developers a one-stop shop for extracting value from Infobip’s and Nokia’s platforms. We look forward to working with Infobip and maximizing our respective technologies.”

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Appknox, CED Technologies joint Webinar to Discuss How CISOs Can Build API Security Program https://techeconomy.ng/appknox-ced-technologies-joint-webinar-to-discuss-how-cisos-can-build-api-security-program/ https://techeconomy.ng/appknox-ced-technologies-joint-webinar-to-discuss-how-cisos-can-build-api-security-program/#respond Wed, 05 Apr 2023 06:38:13 +0000 https://techeconomy.ng/?p=99165 Appknox, a plug-and-play security platform and its partner, CED Technologies will on Wednesday, April 26, 2023 by 12 noon host a webinar on how Chief Information Security Officers (CISOs) can build an Application Programming Interface (API) security program.

Both Vaidyanath Balasubramanian, Appknox’s Executive Director and Chukwuebuka C. Ume-Ezeoke, CED Technologies’ CTO will be the host of the webinar with the theme ‘Understanding How Mobile Applications Are Compromised’, a 1-hour power-packed session, which will help to protect mobile applications.

The anticipated key takeaways from the webinar will be how to get a grip on the current API security landscape and its risks; learn how to design an effective API security strategy and discover best practices and tools for implementing and monitoring an API security program.

The organizer of the webinar has this to say: “CISOs always have to balance between enabling and securing the business. But achieving that balance has become more difficult in an API-first world where development moves faster than ever before and exposes more sensitive data through an expanding portfolio of APIs – leaving security teams having to play catch-up.”

This webinar will be of interest to Head of IT Security, Product Mobile Developers CISO’s Security, Risk Officers and Product Manager. It is coming with three main agendas; Understanding the API Security Landscape; Designing an Effective API Security Strategy and Implementation and Monitoring of the API Security Program.

About the host:

Vaidyanath Balasubramanian, Appknox’s Executive Director. He carries over 14 +years of experience in applying digital Innovation strategies in large enterprises. Currently, he helps Enterprises, Banks, and Appknox customers to set up best-in-class security technologies into practice to reduce threats and stay updated with all necessary compliance.

Chukwuebuka-C.-Ume-Ezeoke, CED Technologies’ Chief Technology Officer. He is a technology advisor who is highly driven with keen insights into understanding and interpreting various organizational demands.

Over 11+ years of experience and great skills in technology innovation, entrepreneurship, and business management.

He has extensive experience in developing and implementing technology strategies, solutions, and transformations for businesses in a variety of industries.

Participation

Participation is free but must register here

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Influence of Emerging Tech on Economy and Nation-building https://techeconomy.ng/influence-of-emerging-tech-on-economy-and-nation-building-2/ https://techeconomy.ng/influence-of-emerging-tech-on-economy-and-nation-building-2/#respond Wed, 22 Jun 2022 13:10:49 +0000 https://techeconomy.ng/?p=77002 New technologies have over time proven to create opportunities for nation-building and economic growth as they have a direct influence on every sector of the economy.

The use of technology facilitates the efficient production of more and better goods and services, which is what economic prosperity depends on. One often wonders what the influence of technology on economics is, and in what ways it has influenced economics and nation-building.

Christopher Bond gave a quote a long time ago, that answers these two questions. Bond said, “Advances in technology will continue to reach far into every sector of our economy. Future job and economic growth in the industry, defence, transportation, agriculture, health care, and life sciences are directly related to scientific advancement.”

Today, it is not hard to draw a line between growth in certain sectors in a macroeconomy and the contributions of technology.

Technology influences productivity in areas such as international trading, agriculture, corporate business, and medicine, among others. This has also greatly reduced the cost of manual labour.

New technologies have found use cases in industrial expansion, and international trade and new professions are emerging every day in this field, creating jobs for many youths.

These technologies can reduce the time it takes to produce a product or provide a service, increasing a company’s overall earnings.

This was why Interswitch, Africa’s leading integrated payments and digital commerce company, sponsored the 2022 Localhost Meetup, a forum to address how tech developers can “Build to Scale”.

Localhost meetup is an event that serves as a community-building platform for tech enthusiasts to discuss the possibilities of Cloud infrastructure and the adoption of DevOps in Nigeria and across the globe.

The platform also enables tech enthusiasts to gather and discuss changes in the tech ecosystem. Interswitch sees the relevance of growing a community of tech enthusiasts in Nigeria as well as providing

Application Programme Interface (API) infrastructure to support their diverse digital projects and for this reason, it familiarised developers with its APIs and Developer Tools that require zero cost to integrate.

Participants were able to leverage on Interswitch’s large arsenal of robust APIs with access to implementation protocols that are in continuous delivery with Policy as a Code and Open Policy Agent, components of the API.

The API infrastructure allows a smooth integration of vital features for users’ optimal experiences when developing their products from start to finish.

In this way, tech enthusiasts, who are poised to shape the future, are empowered using technology to shape the African narrative by providing bespoke solutions to address local challenges.

The African payments giant’s commitment to growing a community of tech experts in Nigeria is unwavering as it is enabling systems and enterprises for the coming generation.

Localhost Meetup was a platform for Interswitch to showcase its robust API and an avenue to network with key stakeholders in the industry.

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Meta Introduces WhatsApp Cloud API [How Businesses Will Benefit] https://techeconomy.ng/whatsapp-cloud-api/ https://techeconomy.ng/whatsapp-cloud-api/#respond Thu, 19 May 2022 18:35:47 +0000 https://techeconomy.ng/?p=74411 Meta CEO Mark Zuckerberg introduced the WhatsApp Cloud API (Application Programming Interface) on Thursday, and it has lots of advantages for all sizes of businesses. 

The API according to Zuckerberg in a Facebook post, will allow businesses and developers to build on top of WhatsApp to customize their experiences and respond to customers quickly and easily. 

The Meta-owned messaging app also introduced its WhatsApp Business API in August 2018.

Recall that Zuckerberg began to drive into business offerings with the introduction of the WhatsApp for Business application for Android devices in January 2018, extending it to iOS in April 2019.

The WhatsApp Cloud API is the natural next step, enabling businesses of all sizes throughout the world to establish a presence on WhatsApp through free, secure cloud hosting services provided by Meta.

Zuckerberg said during his keynote, “The best business experiences meet people where they are. Already, more than 1 billion users connect with a business account across our messaging services every week. 

They’re reaching out for help, to find products and services, and to buy anything from big-ticket items to everyday goods.

”He continued, “Any business or developer can easily access our service, build directly on top of WhatsApp to customize their experience and speed up their response time to customers by using our secure WhatsApp Cloud API hosted by Meta.

And this is an important step to help more businesses connect with people and help more people message the businesses that they want to support—big and small.”

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