Perhaps foreshadowing a future shift for micro-credit banks across the globe to start using biometrics for customer identification, we distributed a News Release today announcing that ASMAB, a micro-credit bank in the country of Benin, has started to use fingerprint biometric banking technology for customer identification. The genesis for ASMAB’s decision to start using fingerprint biometrics was the widespread fraud and corruption that plagued their business, specifically customers falsifying their identities. These problems were undermining customer confidence in their process so ASMAB (with help from HPC Informatique, a technology solutions provider) decided to incorporate fingerprint biometrics to identify customers, eliminating fraud and corruption in their system and helping to secure consumer confidence.
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