Bangko Sentral ng Pilipinas | INQUIRER File Photo
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) plans to require banks to integrate the National ID Authentication Services (Nidas) into their digital customer identification and verification processes, as part of a broader push to expand National ID use across the financial system and advance financial inclusion and digitalization.
Developed by the Philippine Statistics Authority, Nidas verifies identities using facial recognition, fingerprint scans and other credentials, including the National ID number. It aims to strengthen security and reduce fraud in financial transactions.
READ: BSP OKs digital identification, verification of bank clients
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