Nigeria reveals biometric bank ID progress
14 September 2015 12:10 GMT

Over 20 million customers have been enrolled by banks in an ongoing government biometrics initiative that links unique identity records with banking systems.

The Nigeria Inter Bank Settlement System Plc (NIBSS), which revealed the figure on Sunday, added that it has also begun collaboration with telecommunication firms to create a platform through which bank customers can confirm their registration status.

The Bank Verification Number (BVN) has been created by the Central Bank of Nigeria to enable commercial banks to register all customers’ biometric data in furtherance of the Know Your Customer (KYC) policy.

Meanwhile, the NIBSS  is working on a service that will help the banking Nigerian public query their BVN on-the-go via their mobile phones.

NIBSS has collaborated with one of the country’s telecoms service providers, Etisalat, to roll out the BVN Query Service.

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. 

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