// FEATURE // collaboration is essential. Umazi is urging government bodies, financial institutions and businesses to support the development and implementation of a national digital company ID system.

THE CFIT WHITEPAPER UNDERSCORES THE GROWING THREAT OF ECONOMIC CRIME, WITH FRAUD NOW ACCOUNTING FOR NEARLY 40 % OF ALL REPORTED CRIMES IN THE UK. a more secure and efficient environment for UK businesses, ensuring compliance becomes an enabler rather than a burden.

“ We have been pioneering nextgeneration digital identity solutions that enable seamless, verifiable and secure company authentication. We work closely with industry leaders and regulatory bodies to accelerate the adoption of digital verification frameworks.”

For digital company identification to become a reality, cross-sector

“ The UK has the opportunity to be a global leader in digital business verification. By embracing digital company identification, we can protect businesses, enhance financial security and foster economic growth,” added van Niekerk.

“ This is not just about reducing fraud – it’ s about creating a modern, efficient economy where businesses can operate with confidence and ease. The faster we adopt these changes, the better positioned we will be to compete on a global scale.”

“ The time for action is now,” van Niekerk concluded.“ With the right collaboration and commitment, we can revolutionise how businesses are verified, ensuring a more secure and prosperous future for the UK.” �

32 Intelligent SME. tech