The CBN is also leading the efforts of the Bankers’ Committee to set up an industry-wide biometric database for all bank customers to address issues of KYC, Anti Money Laundering (AML), and access to credit. This will help fast track use of channels such as biometric ATMs and POS terminals, etc. 7.
At this point I would like to dwell more on the Competency Framework. In order to ensure that the banking industry has professionals with the requisite skills to maintain the stability of the financial system, an industry Competency Framework was developed and exposed in June 2012 by the CBN.