A unified Artificial Intelligence (AI)-driven platform, TrustNET, has been launched in Accra to strengthen security within the digital finance ecosystem.
Developed through a strategic partnership between BlueSPACE Africa Technologies, INETCO, and Sumsub, TrustNET integrates identity verification, compliance orchestration, payment fraud prevention, and real-time transaction monitoring into a single framework. The platform aims to help financial institutions enhance security, meet regulatory requirements, and deliver trusted digital financial services across Africa.
Speaking at the launch in Accra, the Chief Executive Officer (CEO) of BlueSPACE, Samuel Amanor, explained that TrustNET would provide a cohesive AI-powered solution that would bridge onboarding, compliance management, fraud prevention and infrastructure resilience.
He noted that the financial ecosystem had undergone a significant shift from a largely cash-based system to a rapidly expanding digital finance network, driven by mobile money and e-commerce platforms.
“All these developments impact the financial ecosystem. Money is either leaving our shores or coming into the country and digital finance is at the center of it all. For this growth to be sustainable, we must ensure that the foundation of trust is strong. That is the reason for promoting TrustNET, a trusted network,” he said.
Mr Amanor added that historically, many digital financial services operated in isolation, however, the sector now required stronger connectivity and collaboration among service providers to build a unified trust ecosystem.
He also commended the government for the mobile money interoperability initiative, describing it as a significant milestone. According to him, the next step was to extend such collaboration to other layers of the ecosystem where intelligence and insights could be shared among networks.
“This is why TrustNET seeks to create solutions such as a shared Know Your Customer (KYC) framework to address fraud and related challenges. “The launch of TrustNET represents a pivotal moment for financial integrity in West Africa,” Mr Amanor said.
He said, by combining Sumsub’s global expertise in identity verification and compliance orchestration, INETCO’s real-time payment fraud prevention and transaction monitoring and BlueSPACE’s regional fintech integration capabilities, the partnership would deliver a modern solution to secure the entire digital payments journey.
The CEO of INETCO, Mr Bijan Sanii, emphasised the importance of real-time monitoring in the digital payments era.
“In an era of high-speed digital payments, real-time visibility is non-negotiable. TrustNET integrates real-time transaction monitoring with AI-powered payment fraud prevention to ensure every payment is secure from end to end, enabling regulators and banks to scale digital payments with confidence.”
On his part, Regional Director for North and West Africa at Sumsub, Mr Richy Emah, said “secure digital banking starts with building compliant and fraud-proof user verification processes without slowing down the customer journey and that is exactly what the Sumsub platform delivers to clients and partners in the fintech space.”
“With TrustNET, regulators and financial institutions can instantly and accurately onboard and verify users, reducing friction while maintaining strong security standards,” he added.
