BIO-key & Specta Launch Enrollment Program for Biometric Equipment

Securing personal information is crucial for every business sector, but in finance, it’s absolutely mandatory. However, traditional security measures are becoming less effective by the minute, as criminals continue devising new ways to steal identities.

The Nigerian government is mitigating this problem with the National Identity Management Commission (NIMC), an agency providing citizens with digital profiles and number registration, using biometric data to confirm identities for commercial/government services. Identity management solutions developer BIO-key joined Nigerian online lending platform Specta (owned by Sterling Bank) to support this initiative.

The two companies announced the launch of a new enrollment program to provide banks across the country with biometric equipment, in order to confirm the identities of Nigerian citizens. Participating banks will be able to deploy BIO-key’s Pocket10 for mobile fingerprint scanner, offering quick, reliable, and completely secure identity confirmation.

“We are now ready to expand our business in supporting the tens of thousands of Independent Agents with the requisite technologies – hardware, software and capital provided through Specta, that allows them to traverse the country to enroll the Nigerian citizens at scale.” commented Akintunde Carlton Jeje (Tunde) Managing Director BIO-key Africa.

The mobile capabilities of BIO-key’s Pocket10 solution are a critical aspect of the partnership with Specta, allowing citizens in remote areas of the country to securely access essential services.

 “With the distribution of these mobile biometric devices across our agent banking network, we are now more enabled to bring top-tier banking services closer to the people, deepen financial inclusion in the country and exponentially increase the number of beneficiaries of our robust and secure bouquet of products and services.” added Sterling Bank, Divisional Head, Retail and Consumer Banking, Shina Atilola.