Central Banks Committed to Economic Prosperity and Wellbeing in South Pacific
In a joint press release after a meeting held on the 20th of June 2022, South Pacific Central Bank Governors reconfirmed their commitment to support the region’s access to:
- Cost effective remittances,
- Retention of correspondent banking services; and
- Improving financial inclusion.
The press release highlighted priorities to be progressed such as digital identity and AML/CFT compliance. They discussed the potential of developing a regional electronic ‘Know Your Customer’ (e-KYC) facility for the South Pacific region.
In line with those highlighted priorities, YuTru, a private-sector led digital trust framework and an open scheme for digital identification is ready to support PNG financial institutions and businesses. Our solution is backed by research-based implementations in developed and developing countries.
Apart from identity verification, a YuTru ID provides you the added benefit of utilising your digital ID for authentication and authorisation when accessing goods and services online. Our solution is based on the latest biometric techniques in digital identity, ensuring your data is protected, safe and under your control – there is one, and only one true You – and using biometrics is how you prove that.
We would like to hear from you if you have any questions regarding digital identity and what role biometrics play in a digital identity. Send us an email at info@yutru.org.