A biometric systems Dubai offers can make all the difference between financial inclusion and deprivation. Dubai offers great biometric systems that are easy to use, operate and understand and require the least maintenance and hence can be looked forward to further the purpose of financial inclusion and social engineering. Given that there are sceptics that may question the sue of access control systems like the ones based on biometrics in banking, there are some awesome results available from case studies done on countries that have adopted access control systems and biometric systems for security, governance and most importantly for financial inclusion of the poorest of the poor by enrolling them into the banking system by opening basic no frills accounts at zero costs and authenticating the sources of their incomes while enabling them to save as well. One such case is that of India that has successfully implemented the much coveted and appreciated AADHAR scheme for financial inclusion. Aadhaar is a 12-digit unique number which the Unique Identification Authority of India (UIDAI) will issue for all residents. The number will be stored in a centralised database and linked to the basic demographics and biometric information – photograph, ten fingerprints and iris – of each individual. The details of the data fields and verification procedures are available here.
In India, Aadhaar recently completed the enrolment of a billion people in May, about five-and-a-half years after the programme was launched. In December 2015, UIDAI had reported that it had reached the landmark of linking 100 million (10 crore) Aadhaar accounts. The Indian government has made Aadhaar the pivot for delivering subsidies and other social welfare benefits directly to the people by transferring cash to their bank accounts, seeking to cut out middlemen and curb leakages. In June 2016, UIDAI partnered with banks like State Bank of India, Punjab National Bank, Bank of Baroda, Allahabad Bank, Canara Bank for A Special Aadhaar enrolment drive for pensioners to help them avail the convenience of Jeevan Pramaan, an initiative of Department of Pensions and Pensioners’ Welfare, Government of India.
Given that Dubai is no stranger to the cutting edge technological platforms of the world and is beyond doubt one of the modern city states in the Middle East, it makes great sense to assert that the model of financial inclusion as practiced in India can be put to use with local adaptations in Dubai by the banking sector in order to bring more people under the ambit of formal and licensed banking institutions. Banks can make use of the available access control systems Dubai offers and come out with their version of the financial inclusion. Biometric systems Dubai offers are very much at par with the best in the world and hence it is an idea that deserves serious policy thought.