Dermalog seals AFIS deal with Central Bank of Nigeria
06 March 2014 13:10 GMT

Dermalog inks US$50 million deal with Central Bank of Nigeria

In what is believed to be the most significant AFIS deal in 2013 so far, Dermalog Identification Systems has signed a US$50 million contract with the Central Bank of Nigeria (CBN) to help it resolve authentication issues and prevent money laundering.

Initially rolled out at 25 banks, the project will eventually register the fingerprints of some 45-50 million customers who will use the system at the counter when depositing or withdrawing cash. Biometrics will ensure that customers can only have one identity in the bank's databases, preventing fraud. Longer term, the system will see the introduction of biometric ATMs, and point of sale terminals.

CBN Governor Mallam Sanusi Lamido Sanusi said that the unique customer identification system was needed to quell increasing cases of money laundering and other financial fraud.

The bank was keen to note that the biometric system would not be incompatible with the Nigerian National ID card project, but added that it would be unwise to wait for a much larger project to roll out before embarking on its own Know Your Customer project and biometric identification database.

German supplier Dermalog won the project after a stringent international tender process. It is working with local integrator, CHAMS, on the project and aims to get the initial phase of the project operational within three months.

Dermalog told Planet Biometrics that this is its second bank AFIS project win after a deal struck with HSBC in Brazil last year. That project involves more than 1000 branches across the country.