April 13

African Development Bank Group Earmarks $8 Million to Establish Interoperable Bank ID System in 4 West African Countries

By Ayang Macdonald

The West African Monetary Institute (WAMI) is leading the implementation of a project aimed at creating an interoperable unique digital ID for banking and a harmonized customer verification network for four countries of the West African Monetary Zone (WAMZ).

The new bank ID system will also leverage the national identity systems of the concerned nations and help them in their efforts to enhance financial integration.

Photo courtesy of Angelo Moleele.

Source: Biometric Update (link opens in a new window)

Finance, Technology
digital identity, financial inclusion