Microfinance institutions and other financial institutions offering various types of credit, often become targets of financial fraud, E.g. customers entering into multiple loans at various institutions. The lack of a trusted and centralized identification system also makes it impossible to track customer lending between Microfinance institutions and even within the same companies.

Financial institutions are defrauded by customers with multiple identities due to over lending and the inability to repay back loans.

Nirph assists various financial institutions in identifying their customers. By use of advanced technology financial institutions captures a customer’s photo, fingerprints and KYC (Know Your Customer) details and instantly post the data up to the centralized Nirph Bio-ID Bureau. The fingerprint are then scanned against the complete credit database, and if a match is found the result is returned with information on the last searches done against that specific customer.

The Nirph Microfinance ID software designed for Microfinance banks is extremely easy to use and runs on Microsoft® Windows XP or higher. Customer information is easily captured on the system and send up to the Nirph Identity Bureau.

• Elimination of multiple identities
• Tracking of customer lending history between
• Positive customer identification
• Customer identity verification (1-1 matching)
• Comply to KYC and CIP requirements for Central Bank and EFCC