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Chams appointed NAPAAS technology provider



Chams Plc, an identity management company, says it has been appointed the technology solution provider for the National Personal Asset Acquisition Scheme (NAPAAS), to manage its recently automated asset acquisition scheme.

Mr Gavin Young, the Group Managing Director of Chams Plc made the disclosure in a statement made available to the Nigeria News Agency on Monday in Lagos.

NAN reports that NAPAAS, a scheme for ex-servicemen and women in Nigeria, recently deployed an integrated, secure and multi-channelled asset acquisition online platform via a mobile app to automate key processes and end-to-end transactions with minimal human intervention designed for the Nigerian Legion.

The platform,  designed for simplified and automated registration, asset discovery, application, approval, collections, monitoring and reporting of activities  is a simple and flexible application imbued with artificial intelligence features,  including liveness detection and face matching.

Young said that military pensioners would be the ultimate beneficiaries of the platform.

“The military pensioners will be ultimate beneficiaries of the platform that will ensure they can acquire goods and services at affordable rates, linked to a structured and automated repayment plan.

“As the technology partner to NAPAAS and its esteemed members, our aim is to assist with fulfilling the vision of the scheme, which enables military service pensioners acquire personal basic assets with ease through the NAPAAS customer technology platform, designed with NAPAAS and developed by Chams Plc.

“The platform is easy-to-use, ensuring a great user experience. Ex-servicemen and women can safely apply for goods and services directly from their mobile phones.

“Chams Plc is proud to be associated with an initiative which supports Nigeria’s veterans in a way that improves their lives through access to goods and services at discounted rates, and facilitates easy repayment terms. Members could then use the various assets to generate business and related income.

“With technology playing an important role in the success of the initiative for NAPAAS and its customers, Chams Plc is privileged to have been selected as the technology solution provider.

“We expect to soon add additional services to the platform; such as micro-insurance and other beneficial solutions,” he said.

NAPAAS is an initiative of President Muhammadu Buhari, for Ex-Servicemen, enabling them to access economic empowerment through public-private partnership initiatives.

The NAPAAS plan is consistent with the Federal Government’s palliative action to alleviate poverty, create jobs and eliminate insecurity.

According to the statement, the scheme is also designed to provide basic needs items at affordable discounted rates linked to a structured and flexible repayment plan for the benefit of interested veterans nationwide.

It has capacity to provide access to health and other insurance, mortgage plans, personal loans, and much more.

Chams has built robust, secure and adaptable customer-centric platforms that drive identity management, payment and verification for both public and private sector initiatives and businesses.

Edited & Vetted By: Oluwole Sogunle