EOI Period Closed, Due Diligence Begins
We are very pleased to signal that we have received eight (8) formal expressions of interest in YuTru by the closing date last Thursday 30th April.
The expressed interest in owning a part of the Digital Identification Bureau has come from companies considered some of the country’s largest and most successful businesses.
We are encouraged and excited ...
YuTru’s Modus Operandi
We write this in response to claims that the Digital Identification Bureau is in the process of selecting particular technology vendors and products for the YuTru identification platform.
This is not true, and all such decisions will be made by the YuTru consortium in full view of all members, with technical support from a range ...
Progress Update #7
Going Further Together
We will shortly be making some exciting announcements about taking YuTru from concept to reality.
Much progress has been made already as we work to create a secure, low-cost, state-of-the-art digital identification consortium with you and other partners.
Our greatest investment to date has been in coordinating the large number of stakeholders and interests involved. ...
Biometrics Reduce Compliance Costs
According to a new research from Mitek and Consult Hyperion, the cost of bank KYC compliance among top-tier banks in Europe has risen to around €50m per annum. Rising regulator fines, customer abandonment, lower trust, among other indirect costs of poor KYC practices, could cost banks another €150m over the next five years.
“It’s no ...
Leaving Your Wallet at Home
Published in January 2018, the ID4D programme's "Technical Landscape for Digital Identification" report covers some helpful information for those planning digital identification schemes.
A lot of the work of YuTru will be based on and include use of open and international standards and protocols, to avoid any kind of vendor lock-in. Assessment of the individual ...
Mary Meeker’s Internet Trends Report (2019)
Mary Meeker's 2019 report on Internet Trends report, the 25th iteration, was released on the 11th June.
This year's report highlighted some interesting features of the global Internet economy: slowing e-commerce sales growth, increased ad spending, data growth, more freemium subscription models, and an expanding on-demand economy. The company's singled out in the report included: Slack, ...
Governor Bakani Launches YuTru
On the 22nd March 2019, Loi M. Bakani, Governor of the Bank of PNG, officially launched the YuTru scheme. The scheme's operator, the locally-owned Digital Identification Bureau Ltd., will start work to develop a body of rules and guidelines to implement a digital identification framework. The framework will initially be used by licensed financial institutions ...
Facing the Enrolment Challenge
How the UAE adapted the enrolment strategy for the national ID system when outcomes were below expectations: 'Facing the Challenge of Enrolment in National ID Schemes' https://diigo.com/0dydn3 #PNG #yutru #digitalidentity
Credit Corp ‘On Board’
Today, Credit Corporation signalled its intent to be a part of the YuTru digital trust framework scheme, today. Credit Corporation has served Papua New Guinea since 1978. Port Moresby-based, the company has provided various financial products and services in the country and identity is a large part of managing risk in their lending process. ...
The ‘Face’ of YuTru
Today, the YuTru team issued a project brief to PVM Advertising (PNG), commissioned to create the 'face' of YuTru. In the capable hands of Andrew Johnstone, PVM's managing director, and the well-known and talented photographer, Rocky Roe, we expect to make the YuTru brand instantly recognisable across the country.
Rocky's best known for some of the ...