Digital Afrique Telecom (DAT) has partnered with European identity verification platform IDCanopy to strengthen financial crime defences in West African financial institutions.
The digital solutions company announced the partnership yesterday, saying IDCanopy's Know-Your-Customer and Know-Your-Business solutions on the platform are specifically designed for the West African Economic and Monetary Union region.
Simplice Anoh, CEO of Digital Afrique Telecom, stressed that the collaboration aims to help financial institutions meet stringent new regulations introduced by the Central Bank of West African States (BCEAO).
The directives mandate more robust internal controls for anti-money laundering, counter-terrorism financing, and customer due diligence.
“In a rapidly digitising economy, trust and compliance are non-negotiable. By integrating IDCanopy’s proven technology, we empower West African financial institutions to onboard customers faster while fully meeting BCEAO’s rigorous standards,” said Anoh
The IDCanopy platform features real-time screening of sanctions and politically exposed persons , automated transaction monitoring, audit trails, and continuous surveillance of ultimate beneficial owners and supply chains.
It also includes biometric authentication, AI-powered document verification, and government-issued eID integration to reduce onboarding time and minimise fraud risks.
Bernhard Reiterer, Founder and CEO of IDCanopy, emphasised that the platform's use of certified electronic signatures enables secure, legally binding digital transactions that meet European standards.
“Our collaboration with DAT bridges European compliance excellence with West Africa’s unique regulatory landscape. Together, we’re setting a new benchmark for secure, scalable KYC solutions that combat financial crime and foster economic growth,” added Reiterer
The development is a critical financial crime measure for the pan African tech company that provides telecom, fintech, and compliance solutions to over 20 countries, partnering with major operators like Airtel, MTN, and Orange.
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