Governor of the
At the launch of the sector's biometric solution in
According to him, innovative companies could now think in a "limitless manner that is opened by this combination of the biometrics, the Internet availability, the agent banking. In the next few years you would have an industry that is the most efficient in the world simply by leveraging on its potential".
Sanusi, who hinted of a contract with NIGCOMSAT for Internet services in all the local governments in the country, said very soon all villages, remote or not, would have financial access points, which would be connected to the Internet.
He explained that the apex bank would bear the cost of the project for the first three to four years. "There will be dedicated lines to all financial access points, every ATM and POS in every village will be connected and we will also provide dedicated access points to every primary and secondary schools in the hotspot," he said.
He however said that the cost of the Internet contract was yet to be determined because he was still negotiating with NIGCOMSAT.
Sanusi also stated that the biometrics, apart from enhancing "Know Your Customer (KYC)" for better lending and fraud control in the sector, would help banks cut cost and create easier access to their customers.
"If you've got all these databases, why do you need to have a bank office? And then all branches, all these structures you have are collapsed. It doesn't matter if you walk into
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