May 20, 2024

FINTECH MAGAZINE AFRICA

Fintech eyes in africa

Voyance: Nigerian Startup Using AI to Provide Top-Notch Fraud Management Solutions For Companies

2 min read

Voyance is a Nigerian data infrastructure company that uses Artificial Intelligence (AI) technology to provide top-notch fraud management solutions for companies.

The company was founded in 2019, by Ebot Tabi with a mission to help B2B businesses become data-driven and make data infrastructure simple for businesses.

Voyanace builds innovative solutions to help companies extract value from their data. Its product suite includes a machine learning and data wrangling platform that is piloted by banks and fintechs.

The company believes that data helps businesses make better decisions, and enables key strategic initiatives.

In 2020, in a bid to ensure enhanced data safety for companies, Voyance launched two flagship products namely Manhattan DB and Sigma. 

With Manhattan DB, professionals who deal with data can safely and easily store and analyze gigabytes and petabytes of data, build machine learning models, and deploy with zero operational overhead. In essence, it provides efficient, scalable, and fully managed data infrastructure to businesses.

Sigma was initially a fraud monitoring platform that used aggregated data from fintechs within Africa to protect them from fraudsters. Now, it is an encompassing risk operations platform that can be used to address business problems such as transaction monitoring, compliance and anti-money laundering. 

Sigma helps fintech companies block known fraudsters from performing activities on their platform and allows businesses to innovate and scale quickly without increased risk.

With vast experience in working with data science, Voyance decided to build a data-driven fraud infrastructure product for the good of the ecosystem since there’s currently no way for companies to block known fraudsters from their platform which results in an incredible amount of chargebacks and monetary losses for fin-tech companies.

The company synergized cutting-edge visual and code-free interfaces to create an exceptional data engineering solution that outperforms any existing approaches in terms of performance and efficiency.

When companies use Voyance it enables them to do the following;

Ingest

Companies get to easily ingest from various databases and data sources. Load them into their cloud warehouse or data lakes via pre-built connectors and managed APIs with few clicks

Transform

They get to turn their raw data into well-defined data models via the voyance transform functionalities either in batches or in real-time. Also, they can build and automate their data workflow process with advanced transform nodes.

Orchestrate

Using Voyanace, these companies get to take control of Data Flow and Efficiently Managing Dependencies and Workflows in their Data Pipelines

In the past months, Voyance has been able to build a data infrastructure that allows businesses to connect multiple data sources and transform data at scale.

The platform is trusted by reputable global brands like Bloc, woodcore, Dojah, Bitnob, and Carhoot. 

Voyance mission has always been about democratizing access to data science in a simple, elegant, and fast way.

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