Biometrics crucial to digital economy, says CEO

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According to him, with proper biometrics tech, financial institutions could provide safe and efficient services to consumers in the country at scale, and improve financial inclusion.

He said, “Biometric technology is a crucial consideration in Nigeria’s ongoing digital expansion. If financial institutions, telecommunications companies, and the public sector adopt enterprise-grade biometric authentication, they can provide services to Nigerian consumers safely, efficiently, and at scale.”

Geva added, “As the only IDV company in Africa that provides enterprise-grade level services, we understand the far-reaching benefit of biometrics in protecting the assets of companies and consumers and fighting financial crime.“We believe the requirement for digitised biometric authentication in Africa is immense. The region is a sleeping giant when it comes to accessing traditional bank accounts, digital banking, and affordable financial services.

According to him, inclusive digital identity approach could open doors to critical government services in the country such as labour markets, government benefits, and financial services.

 

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