Indian risk mitigation and critical intelligence firm iiris has officially launched its operations in Nigeria, marking a significant milestone in its expansion into the African market.
The grand opening ceremony took place at the Lagos Intercontinental Hotel and was attended by government officials, industry leaders, and dignitaries.
iiris aims to provide cutting-edge artificial intelligence solutions to assist businesses and organizations in identifying, assessing, and mitigating various risks, particularly within the financial sector.
Risk management is crucial for organizations as it involves a systematic approach to recognizing potential threats that could impact operations. The firm intends to leverage advanced technology to enhance operations and ensure long-term sustainability by addressing credit, operational, and market risks.
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During his welcome address, Mr. Satyagopal Bhanja, the Chief Executive Officer of iiris Nigeria, expressed the company’s commitment to delivering high-quality risk management services.
He emphasized the focus on customer satisfaction, technological innovation, and strategic planning. “We are thrilled to bring our expertise to Nigeria. Our goal is to help businesses navigate complex challenges and make informed decisions,” Bhanja stated, reinforcing iiris’s role as a vital partner in the region.
The company offers a comprehensive suite of services, including needs assessments, due diligence to identify potential risks, and critical intelligence gathering to support informed decision-making.
Bhanja highlighted iiris’s commitment to not only uncovering risks but also providing effective solutions through the best use of technology and strategic planning.
Mr. Chandra Mouli, the India Consular General to Nigeria, remarked on the existing $27 billion investment from India in Nigeria, attributing it to the long-standing relationship between the two countries. He noted that India’s growth as one of the fastest-growing economies will further strengthen partnerships with Nigeria, particularly in technology transfer.
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With a proven global presence across more than 15 countries, iiris’s entry into Nigeria is a testament to its dedication to serving the African market. As it establishes itself in Nigeria, iiris aims to become a trusted partner for businesses and organizations seeking to enhance their risk management capabilities.
