BANKS TO COMMENCE BIOMETRIC REGISTRATION ON FRIDAY

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biometrics

The Bankers’ Committee has announced that biometric registration of bank customers would commence on Friday 14th February, 2014. The committee reached the conclusion at its 315th meeting held on Tuesday
Following the announcement, all Deposit Money Banks will on that Friday commence the registration of their customers’ details, including their fingerprints.
Group Managing Director, Access Bank Plc, Mr. Herbert Wigwe, who disclosed the this after the meeting in Lagos said the biometric identification system would help the fight against fraud and money laundering, and also enhance the protection of bank customers.

According to him, “The banking industry, under the auspices of the Bankers’ Committee, has been working to improve the Know Your Customer requirement. The idea is to fight fraud, money laundering and ensure a better customer protection. The initiative will be launched this Friday, February 14.”
He said the banks, in collaboration with the CBN, had been working on the initiative for a long time, adding that necessary infrastructure had been put in place to ensure the smooth rollout of the biometric scheme.

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