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NIBSS to drive banks’ payment services with new offering



The Nigeria Interbank Settlement System (NIBSS) has unveiled plans to enhance the country’s payment system through improved payment service platforms and better value proposition, in line with international best practice.
The Managing Director of NIBSS, Ade Shonubi, made the disclosure at a press briefing in Lagos, to herald the Hackathon 2018, with the theme: “Biometrics, Key to the Future and Inclusion.”
Hackathon is a social coding event that brings computer programmers and other interested people together to collaborate intensively on software projects and the NIBSS Hackathon will focus on authentication, identification and validation with fingerprints. 
According to him, in the bid to respond to the yearnings of the industry, particularly to the Fintechs and to provide payment services and initiatives intended to ease banking service delivery, promote collaborations, while accelerating the growth of the Nigerian Financial Ecosystem, NIBSS is organising its first ever Hackathon programme for software developers in Nigeria.
The event is necessitated by the global adoption of biometrics as means of identification due to its accurate identification and accountability; easy, timesaving and safe use; user-friendly systems, scalable and secure; and convenience and versatility.
Shonubi explained that the objective of this first edition will be to develop solutions that address, “Identify and implement different fingerprint authentication and validation methods; Payment innovation using fingerprint authentication; Valuable collaboration with stakeholders and partners like banks, Fintechs, among others.

The event, which he said will help to grow talents, is open to software developers and other interested individuals for registration and the portal already opened since September 17 and will close September 21, 2018.

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