July 2, 2013 -
Reports are emerging to suggest that biometric banking will soon be introduced in Ghana, through a strategic collaboration of International Computer System, IBM and Sunnet Systems.
Reported in AllAfrica, iris recognition will be used to verify the identity of bank customers and the new initiative has come about from increased security concerns.
As of yet, the banks which could see this iris technology deployed are not known.
Reported previously, A new Cisco Customer Experience Report focused on retail banking has found that customers want a more seamless and personalized experience from their bank and are mostly willing to share biometric information with bankers.
Also, a recent Biometric Research Note suggests that the implementation of biometric technologies in the banking sector has the potential to cut a financial institution’s operation risks by at least 20 percent over the next 10 years as the technology becomes more widely adopted.
Ghana has been a hotbed for biometric system deployments, but not all have been entirely successful. Last year, the country successfully completed an election using biometric verification devices, though not without problems or contest.
That being said, following its election, by having registered and verified approximately 13 million people for an election within 48 hours, Ghana broke the world record previously held by India for 3.5 million people.