FB pixel

User-centric digital ID, biometric KYC policy model proposed by financial inclusion group

User-centric digital ID, biometric KYC policy model proposed by financial inclusion group

The Alliance for Global Financial Inclusion (AFI-Global), a policy leadership alliance led by member central banks and financial regulatory institutions, has built a policy model to act as a guide for developing or reviewing policies and regulations for digital ID, remote KYC and the biometrics that back them.

With digital identity, biometrics and accessibility at its core, the ‘Policy Model for Digital Identity and Electronic Know Your Customer (E-KYC)’ sets out a series of principles to be considered, which includes frameworks, infrastructure and interoperability, aiming to enable countries to build robust, sustainable systems that will contribute to financial and data integrity.

AFI’s model recommends establishing clear policies on the collection of biometric information, its storage, and usage. Governments should determine what biometrics are most useful for the system being developed and keep in mind the principles of proportionality and utility. Furthermore, collection of biometric data should be kept to a minimum. The model also highlights maximizing flexibility within the scope of updating biometric information that is subject to change due to age, occupation, physical or medical conditions (including amendments and deletion of such data).

The organization also emphasizes the need to store biometric and demographic data separately, and be ready to deliver last-mile services for biometric enrollment.

Many countries have been upgrading and working on developing national digital ID systems for better public services, healthcare, inclusion and cost savings, among numerous motivations. The AFI policy model highlights the importance of keeping the approach to the development of such systems user-centric, building on the acknowledgement of digital ID being a key part of an overall inclusive fintech policy framework.

By ensuring good user-centric systems, data control is in the hands of the user, while proportionality helps to sort collection of only most relevant data. The AFI document will be reviewed regularly to adjust to developments in the field.

The U.S. National Institute of Standards and Technology also recently put forward a proposed set of guidelines to define the concepts of digital identity, best practices and suggestion of mandatory requirements at the federal level, of which, could make digital identity more convenient with support for passwordless authentication and remote identity proofing.

Article Topics

 |   |   |   |   |   |   |   |   |   |   | 

Latest Biometrics News


UK train stations trial Amazon emotion recognition on passengers

Amazon-powered AI cameras are now being used to monitor and analyze passengers’ emotions by employing a combination of “smart” CCTV…


IDloop launches 3D contactless fingerprint biometrics scanner

Germany-based biometric security company IDloop has introduced the CFS flats, an optical contactless fingerprint scanner that incorporates 3D imaging. This…


Clearview, Axess, 3DiVi, Next, Facephi target international growth

Several biometrics providers with established footholds have struck deals to expand into new geographies, while an access control multinational is…


House committee wants to check TSA’s digital identity homework

The U.S. House Homeland Security Committee has advanced legislation that would require the Transportation Security Authority (TSA) to produce a…


Vermont governor rejects privacy law that would be among strongest in US

The governor of Vermont says the state’s proposed data protection law is too risky, and has returned H.121, “An act…


Meta scores biometric privacy lawsuit win over Facebook non-users

A BIPA class action lawsuit against social media giant Meta has been quashed. The suit alleged that Meta Platforms Inc….


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events