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Bank South Pacific has selected Fulcrum Biometrics to deliver a fingerprint-based KYC banking solution, expected to be rolled out in early 2019.
Fulcrum Biometrics, fingerprints, KYC, banking, Bank South Pacific, bank, AML, legislation, risks, identification, account identifiers, due diligence, compliance, Papua New Guinea
The YuTru private sector led digital identification (ID) scheme has been introduced to expand financial inclusion in Papua New Guinea.
YuTru, digital ID, Papua New Guinea, financial inclusion, banks, NID, identity, bank account, financial services, KYC, anti-money laundering, security, onboarding, transactions