Youverify, an indigenous identity verification startup has been given the ISO 27018 and 27001 certifications by the International Standards for Organisation.
The certification indicates that Youverify is compliant with Nigerian and global data protection regulations, and is capable of securely handling KYC (know your customer) data for banks, ride hailing companies and other small, medium and large organisations.
With this feat, Youverify has become the first and only tech company to have been awarded both the ISO 27018 and 27001 certifications in sub-Saharan Africa.
The ISO 27001 is a globally recognised information security standard that indicates that a company complies with the international security management best practices and comprehensive security controls.
Similarly, the ISO 27018 is conferred on organisations that have systems and controls for implementing measures to protect Personally Identifiable Information (PII) in accordance with defined privacy principles for public cloud computing environments.
Gbenga Odegbami, CEO of Youverify, said that the certifications confirm Youverify’s commitment to service quality, data security and customers’ confidentiality. According to him, “the ISO 27018 and 27001 certifications are not a one-off award. They indicate a commitment to an ongoing process of continuous improvement in our security standards and processes.”
“We are glad we have gotten to this stage. Most importantly, we are committing to running a system that is defined by a consistent improvement, review, and engagement of our processes to provide the best-in-town services to our customers”, he said.
Launched two years ago, Youverify helps businesses automate and digitalise due diligence and compliance processes via APIs and Web Services. Some of their services include identity verification, address verification, digital identity, digital addressing, business verification, and alternative credit scoring. It offers a simple, nimble, easy-to-adopt, and cost-effective solution that transforms the customer onboarding decisions and streamline the process to reduce fraud, manual effort and cost.
So far, it has helped organisations to automate due diligence and compliance by using data-driven decisions especially within the financial services, and telecommunication industries.
With an ambition to help organisations use data and insight to make automated and efficient business decisions, Youverify conducts digital and regulatory compliant verification for some of the biggest banks, Fintech platforms and on-demand platforms in Nigeria.
