Dermalog tech used to enrol 18m in Nigerian banking initiative
31 August 2015 10:03 GMT

More than 18 million Nigerian bank customers had been registered in a biometrics banking system provided by Dermalog as of August.

Dermalog built the Automated Fingerprint Identification Systems (AFIS), and Automatic Biometric Identification System (ABIS) for Nigeria’s Bank Verification Number (BVN) project.

Customers receive a bank verification number with which all of their transactions can be completed securely and reliably via fingerprint. In 2013, DERMALOG won an international tender from the Nigerian Central Bank for the 50-million-dollar project.

So far, approximately 10,000 double identities and multiple registrations have been averted every day, thereby preventing fraud and money laundering in the financial sector thanks to the reliability of the installation.

The DERMALOG ABIS (Automated Biometric Identification System) has detected over one million individuals attempting to obtain double or multiple identities. Using DERMALOG fingerprint scanners and software, all participating banks can ensure that for all transactions, the identity reliably matches the customer because the customer must always be physically present for the registration.

In the near future, registered bank customers will also be able to withdraw cash from ATMs and pay at cash machines using their fingerprints. 

The figure of 18 million enrollments was revealed this week by research group Frost & Sullivan, which this week also said the German biometrics firm was its “African Biometrics Company of the Year”.

F&S noted that Dermalog has on-going projects in 20 African countries, notably Nigeria, Ghana, Tanzania, Angola, and Zambia.

On the BVN project, F&S said: “The project promotes financial inclusion drive, expands banking services and improves access to credit.”

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