UOMB introduces banking technology

Urwego Opportunity Microfinance Bank (UOMB) has introduced biometrics, a new technology used in banking. The technology can be used to verify the identity of an individual client in the bank.

Friday, November 16, 2007

Urwego Opportunity Microfinance Bank (UOMB) has introduced biometrics, a new technology used in banking. The technology can be used to verify the identity of an individual client in the bank.

Nathan Ross, UOMB voice president for urban operations and technical advisor said the system is to help during customer registration.

"We capture their photos and finger prints,” he said.

Ross said their clients will no longer fill forms. They will only insert fingers on detector and all his details and photo will be displayed on the screen.

UOMB is a new addition to the list of commercial banks in Rwanda. It was formed as the result of a merger between opportunity international bank Rwanda and Urwego Community Banking.

Todd Brogdon, UOMB acting chief executive officer, said that the merger has strengthened the quality and banking services for Rwanda’s poor and growing entrepreneurial sector.

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