CBN The Central Bank of Nigeria (CBN) has signed a contract of over $50 million (N8 billion) with DERMALOG Identification Systems for the deployment and implementation of a biometric system, which would help in resolving issues bordering on authentication, as well as check money laundering activities in the financial system.
The project is also expected to effectively introduce biometric automated teller machines (ATMs), point of sales terminals (POS), biometric fraud detection as well as enhance access to credit bureau.
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