Cybersecurity company DevSecFlow has introduced its cutting-edge security operations platform, SECOYA, aimed at delivering smart, efficient, and scalable cyber defence for financial institutions and other highly regulated organisations in Nigeria.

The announcement came via a statement on Sunday, following an exclusive executive breakfast event held on Wednesday, June 11, 2025, in Lagos.

Themed “Beyond Compliance: AI-Powered Resilience for Nigeria’s Financial Future”, the session convened key players from the fintech and cybersecurity sectors to address the rise of digital threats and the need for more adaptive security strategies.

Francis Ofungwu, CEO of DevSecFlow, stressed the importance of moving beyond mere regulatory compliance, advocating instead for intelligent security systems capable of responding rapidly and accurately at scale.

“SECOYA delivers critical cybersecurity operations—such as threat hunting, incident response, and alert triage—more accurately and efficiently than human analysts,” Ofungwu explained.
“It minimizes manual processes, offers round-the-clock protection, yet retains human oversight for transparency and ethical governance.”

According to the company, SECOYA integrates intelligence, simplicity, and control to simplify security operations. It addresses the increasing complexity of cyber threats in Nigeria’s digital economy by embedding AI-driven security into existing workflows, tailored to the local tech environment.

Abdel Sy Fane, DevSecFlow’s Co-founder, said SECOYA was developed to bridge trust and collaboration gaps often found within tech teams and to empower SMEs with enterprise-grade security solutions.

“Real security is about understanding how people work and building systems that enhance, rather than obstruct, their efforts,” Fane noted.
“SECOYA’s automation capabilities let teams focus on genuine threats, and its user-friendly design ensures even small firms can scale strong defences effectively.”

The event also featured a panel discussion led by Ofungwu, with contributions from prominent figures in Nigeria’s fintech cybersecurity space, including:

Ebuka Onyejegbu, Senior Business Relationship Manager, Moniepoint

Demi Babajide, Back-End Developer, OPay

Paul Oludele, Information Systems and Security Manager, PalmPay

Sopriye Iketubosin, Manager, Information Security, Kuda MFB

Onyejegbu highlighted the sector’s shift from rigid rule-based systems to adaptive AI-driven threat detection, emphasizing the need for contextual integration. Babajide underlined the importance of incorporating prevention-first frameworks from the design phase. Oludele pointed to AI’s role in enhancing user experience through smarter real-time security, while Iketubosin called for greater focus on governance, noting that human roles should evolve from detection to oversight and accountability.

The stakeholders collectively agreed that platforms like SECOYA have the potential to revolutionize cybersecurity in Nigeria by improving efficiency, reducing response times, and strengthening digital trust in the financial sector.