The South African Banking Risk Information Centre (Sabric) has entered into a partnership with the Department of Home Affairs that will allow banks in South Africa to conduct online fingerprint verification of bank clients.

In terms of the agreement, the department will allow the banks real time access to the Home Affairs National Identification System (Hanis) for the verification of the identity of prospective and current clients.

"We are very excited about the prospects of this unique project as we anticipate that it will assist the banks in reducing application fraud and identity theft," Sabric CEO Kalyani Pillay said in a statement this week.
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