Archive

To address the need for a dedicated legal entity to take on the role of the trust framework operator in the private sector in PNG, the Digital Identification Bureau Ltd. was formally registered. The Digital Identification Bureau will take on the task of forming PNG's digital ID rules in the private sector.  The company will be ...

On the 23rd, 29th and 30th November, the first training course was delivered by the PNG Digital Commerce Association (PNGDCA), titled: How to Trust a Stranger: An Introduction to Digital Identity. The course covered a range of topics in the digital identity space and was well received with 37 registrations and 18 people completing the course. Topics covered in ...

We were disappointed that the proposal to the board of the Credit & Data Bureau Ltd., to host and operate PNG's trust framework, did not move ahead. We wish to sincerely thank the board, Chairman Mike Hallinan, and General Manager Bruce Mackinlay, for their time to meet, discuss, consider the options. We recognise that taking on ...

Kina Bank Limited provides personal and business banking products and services, founded in 1994. Recently the bank acquired the retail customer business from the ANZ Banking Group. Under the stewardship of Mr Greg Pawson, CEO, Kina Bank has set its sights on unlocking digital dividends through the expanded use of innovative technology. On ...

Nationwide Microbank delivers modern and affordable, savings, loans and insurance products, from a network of 12 branches and many agents across PNG. MiBank is at the forefront of innovation, being the first licensed financial institution to deploy a 'Mobile Wallet' in the South Pacific, called MiCash, and the first institution to introduce a microinsurance product in ...

This afternoon a presentation was delivered to the board of the Credit & Data Bureau Ltd. We thank Chairman Mike Hallinan, General Manager Bruce Mackinlay, and the other members of the board for making a space to hear us out and outline the opportunity that YuTru represents.

The CDB board meeting is now scheduled for the 29th October 2018. At the board meeting, a presentation will be given on the structure of the YuTru scheme and a vote of 'no objection' called. Board members have been informally briefed on the nature of the scheme, but this will be the first formal presentation ...

Yesterday morning we met with executive director of the Centre for Excellence in Financial Inclusion, Saliya J. Ranasinghe. We had a really productive meeting. We have some in-principle agreements made, particularly, for close collaboration with CEFI for communications directed toward potential 'end users’ of YuTru and integration of the YuTru brand/program into CEFI literature and financial ...

Some additional FAQs were added to the website today.

In 2013, the Bank of Papua New Guinea (BPNG) took on the challenge of expanding financial inclusion in the country. The lack of government-issued documentation with which citizens can prove their legal identity, however, makes this a sizeable problem. Licensed financial institutions (LFI) are required to ‘know their customer’ (KYC) to manage risk and help prevent ...