Cybersecurity company DevSecFlow has launched its advanced security operations platform, SECOYA, to help financial institutions and businesses in highly regulated sectors respond smarter and faster to growing cyberthreats.
The announcement was made on Sunday in a statement from the company, following a special executive breakfast meeting in Lagos on Wednesday, June 11, 2025. The event was themed “Beyond Compliance: AI-Powered Resilience for Nigeria’s Financial Future.”
The breakfast meeting brought together stakeholders from the financial technology (fintech) and cybersecurity industries to discuss the growing cyber risks facing financial services and the need for more sophisticated, adaptable, and scalable protective measures.
The Chief Executive Officer of DevSecFlow, Francis Ofungwu, explained that the future of cybersecurity in Nigeria must move past just meeting regulators’ requirements and focus more on developing a powerful and adaptable framework for protecting businesses against cyberthreats in real time.
“The SECOYA platform handles critical cybersecurity functions — from threat hunting to incident response and alert triage — with greater accuracy and endurance than human analysts can match,” Ofungwu said.
“It reduces manual workflows, provides 24/7 protection, and still requires human oversight and governance to safeguard against mistakes and to maintain ethical safeguards.”
SECOYA, according to DevSecFlow, is designed to streamline operations by blending powerful intelligence with clear control mechanisms. It aims to handle growing cyberthreats in a way that integrates smoothly with financial institutions’ existing systems and workflows.
This means companies can implement advanced cybersecurity measures without needing to dismantate their operations or buy an entirely new suite of tools.
The Co-Founder of DevSecFlow, Abdel Sy Fane, explained that SECOYA was created to close gaps in collaboration and trust that often undermine the ability of companies to respond effectively to cyberthreats.
“We built SECOYA to solve the collaboration gaps we kept seeing across tech teams. Real security comes from understanding how people work and designing systems that empower them instead of adding more obstacles to their daily responsibilities,” Fane said.
He added: “Our automation capabilities enable teams to focus on actual cyberthreats instead of routine tasks, while SECOYA’s accessible design makes it viable for small firms with limited resources to deploy enterprise-grade protection at scale.”
During the meeting, a panel of cybersecurity experts from leading Nigerian fintech companies, including Moniepoint, OPay, PalmPay, and Kuda MFB, discussed the future of cybersecurity and how SECOYA can help companies respond more quickly and accurately.
Senior Business Relationship Manager at Moniepoint, Ebuka Onyejegbu, explained how the industry is shifting from static, rule-based protective measures to more adaptive, context-aware solutions powered by artificial intelligence.
Back-End Developer at OPay, Demi Babajide, stressed the importance of designing “prevention-first” mechanisms directly into financial technology platforms from the outset.
Information Systems and Security Manager at PalmPay, Paul Oludele, explained how this approach lets companies respond in real time to suspicious transactions and activity, protecting their platforms and their customers from fraud and cybercrime.
Manager of Information Security at Kuda MFB, Sopriye Iketubosin, called for a rethink in the roles of human teams in cybersecurity. He explained that automated, adaptive platforms should handle routine detections and alerts, while humans should oversee and govern these systems to avoid blind spots and bias.
Together, the stakeholders at the meeting agreed that platforms like SECOYA can dramatically cut incident response time, reduce operational bottlenecks, and raise the overall level of digital trust in financial services — a key consideration in a growing digital payments ecosystem.
This move signals a future where financial institutions can leverage technology to stay a step ahead of cyberthreats and safeguard their operations, their customers’ funds, and their own reputation.
