Kora Lists Measures to Mitigate Fraudulent Financial Transactions

Emma Okonji

Kora, a startup company, has listed measures that will guard against financial fraud while transacting online.

The Chief Legal Officer at Kora, Mr. Enyioma Madubuike, listed the security measures at a panel session during the recently concluded Lagos Startup week, which held at the Federal Palace Hotel, Lagos.

Madubuike said the security measures would help customers to mitigate fraudulent financial transactions at all levels, and called on financial institutions to put the right measures in place that will prevent fraudulent online financial transactions.

According to him, “As a business, we see fraud in new ways because fraud case models are changing by the day. Fraudulent transactions affect the entire ecosystem but industry players in the payment space can help to combat fraud and maintain customers’ trust.  

“As a payment company, Kora enables merchants to accept and make payment online. We consistently educate customers on the negative impact of fraud and how to make their transactions safe by not supplying sensitive details to third parties. We are also big in fraud monitoring and online transaction monitoring in order to detect fraud,” Madubuike said.