African cybersecurity and compliance technology company helping financial institutions automate regulatory compliance, fraud monitoring and risk management, Smartcomply, has joined the PCI Security Standards Council, PCI SSC, as a new Associate Participating Organization.
The move makes Smartcomply one of the first Nigerian companies in the cybersecurity and compliance technology category to formally contribute to the development of the world’s most influential payment data security standards.
The PCI SSC leads a global, cross-industry effort to increase payment security by providing flexible, industry-driven, and effective data security standards. The Council brings together more than 700 Participating Organizations from over 60 countries, including the world’s largest payment networks, financial institutions, and technology providers.
Smartcomply’s membership extends the African voice in this global community. The company’s flagship platforms (Adhere for AML, KYC and fraud detection, and Seequre for GRC and cybersecurity automation) serve more than 100 financial institutions across the continent. Smartcomply was named a verified member of the Mastercard Engage Partner Program earlier this year, and recently expanded into the United Kingdom.
Speaking on this development, Chief Executive Officer, Smartcomply, Gbemisola Osunrinde, said: “Joining the PCI Security Standards Council is an important milestone for Smartcomply as we continue building secure and scalable compliance infrastructure for financial institutions across emerging and global markets. As digital payments continue to grow, collaboration around payment security standards becomes more critical. We are excited to contribute to the future of secure payment ecosystems while helping businesses across Africa strengthen trust, compliance, and fraud prevention.”
Meanwhile, Executive Director, PCI Security Standards Council, Gina Gobeyn, said: “In an era of increasingly sophisticated attacks on systems, PCI Security Standards and resources help organizations secure payment data and prevent, detect, and mitigate attacks that can lead to costly data breaches. By joining as an Associate Participating Organization, Smartcomply has the opportunity to play an active part in improving payment security globally by helping drive awareness and adoption of PCI Security Standards.”
