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Nigerian Banks Begin Biometric Registration Of Customers Next Week

Unread postPosted: Fri Jun 13, 2014 4:27 pm
Author: Royal Justice
Deposit money banks will commence roll-out of the BVN registration of customers by next week.

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This signifies end of the pilot phase of the project during which over 7,000 Bank Verification Numbers (BVN) were issued by 21 deposit money banks and the Nigeria Inter-Bank Settlement System plc (NIBSS) to existing internal bank customers. The enrolments and BVN issuance were achieved across 44 bank sites that include 21 bank headquarters.

As the roll-out commences, bank customers will be expected to follow some listed processes for enrolment. Such processes are, walk into selected branches of their bank, fill and submit the BVN enrolment form, present yourself for data capturing (such as fingerprint, facial image, etc), an acknowledgment slip with the transaction ID is issued to you, within 24 hours the system confirms your application, your BVN is generated, and you receive an SMS for pickup.

Commencing in Lagos State, the roll-out of the BVN solution for the identification and verification of bank customers in June precedes a nationwide roll-out. This is in alignment with the phased approach adopted in executing the three-tiered KYC – Know Your Customer and Cashless Policy of the Central Bank of Nigeria (CBN).

It would be recalled that on February 14, 2014, the former CBN governor, Sanusi Lamido Sanusi, heralded the pilot phase of the BVN project deployment which was scheduled to run to May 31, 2014, after which full rollout to bank branches was to commence.

Ade Shonubi, managing director, Nigeria Inter-Bank Settlement System plc, who doubles as the head of the BVN project management team, said: “The pilot phase of the BVN registration of bank customers served as a model and basis for roll-out of the solution to existing bank customers. All Nigerian banks have their headquarters servers configured, deployed and tested, and had their staff trained before engaging in enrolment and verification of end users who are mainly internal customers. Feedback from application usage and experience were collated, analysed and shared with solution provider to ensure seamless service delivery during eventual roll-out.

“We are adopting a phased roll-out approach starting with Lagos State. It commences on June 16, 2014, at 1,000 bank branches, after taking out the pilot branches, out of the 1,410 bank branches in the state. Across the nation at full roll-out, 10,000 enrolment sets will be deployed across 5,000 bank branches, implying deployment of two enrolment sets per bank branch.”

Shonubi added that “in line with the commitment of the CBN and the Banker’s Committee to the financial enlightenment of Nigerians, all possible knowledge gaps will be closed through bespoke awareness programmes, customer education and engagement initiatives to ensure massive uptake of BVN by existing bank customers.

“The BVN initiative involves the capturing of an individual’s basic biometric data information which includes the facial image, the 10fingerprintsas well as other unique features of that individual. It will utilise the biometric technology system for verification and secure authentication of the identity of bank customers and ultimately as a means of authenticating customer’s identity at point of banking transactions.

“It gives the bank customer a uniform and single identity called the BVN that will be acceptable across the Nigerian Financial System as all other Bank accounts operated by this individual will be tied to that BVN.

“The solution is to ensure accountability, check identity theft, reduce exposure to fraud, enhance credit advancement to bank customers, protect Bank customers’ account from unauthorised access and also encourage financial inclusion.

“This initiative is to guaranty the safety of the Nigerian financial system and it’s in the interest of all Nigerians.”

HOPE MOSES-ASHIKE

Re: Nigerian Banks Begin Biometric Registration Of Customers Next Week

Unread postPosted: Fri Jun 13, 2014 4:28 pm
Author: Royal Justice
Source: Businessday