Three financial technology companies have joined forces to launch TrustNET, a unified AI-driven platform designed to deliver end-to-end fraud prevention, compliance management and identity verification for banks and regulators across West Africa.
The platform combines BlueSPACE’s regional financial technology expertise, INETCO’s real-time payment fraud prevention and transaction monitoring, and Sumsub’s identity verification and compliance orchestration capabilities. Together, the partners said TrustNET provides a cohesive solution covering the entire digital payments journey, from customer onboarding through ongoing transaction security.
Samuel Amanor, founder and CEO of BlueSPACE, said the alliance is designed to help financial institutions in Ghana and the broader West African region combat increasingly sophisticated financial crime while expanding financial inclusion. “By combining our deep local market insights with global AI innovation from INETCO and Sumsub, we are bolstering the security and integrity of Ghana and the broader West African financial ecosystem,” he said.
TrustNET’s core capabilities include automated identity verification for individuals and businesses to streamline know-your-customer, know-your-business and anti-money laundering onboarding workflows; real-time transaction monitoring using individualized machine learning models for each user, card and device to detect behavioral anomalies and block payment fraud; and infrastructure resilience tools designed to balance digital-first banking with security requirements.
Bijan Sanii, CEO of INETCO, said real-time visibility is essential in the era of high-speed digital payments. “TrustNET integrates real-time transaction monitoring and AI-powered payment fraud prevention to ensure every end-to-end payment is secure, allowing regulators and banks to scale digital payments confidently,” he said.
Richy Emah, Sumsub’s regional director for North and West Africa, said the platform allows institutions to verify users instantly without slowing down the customer experience. “Secure digital banking starts with building compliant and fraud-proof user verification flows without slowing down the customer journey,” he said.
To mark the launch, the partners hosted an executive roundtable March 11 at the Kempinski Hotel Gold Coast City in Accra, bringing together senior banking leaders, chief information officers, chief information security officers and compliance and fraud risk executives to discuss the future of AI-driven financial integrity in Ghana.
