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By Our Reporter
Bank of Uganda (BoU), in collaboration with the Uganda Bankers’ Association (UBA), National Identification and Registration Authority (NIRA) and Financial Sector Deepening Uganda (FSDU) have contracted a fintech company Laboremus Uganda, to develop a digital ID verification system that will facilitate the connectivity of Supervised Financial Institutions (SFIs) and other licensed financial service providers to the NIRA Database, according to Sylvia Juuko, Head Media Relations, Communications Department BoU .
In an email she says the system will improve the process of the verification and authentication of the current and prospective customer information of SFIs against the records maintained by NIRA.
The signing ceremony unveiling the partnership is scheduled for Friday January 17, 2020 at the Golden Tulip Hotel in Kampala, she says.
