Financial and security bodies in Morocco signed on Wednesday an agreement to adopt ID software for real-time validation of financial accounts, in a bid to limit payment risks.
The agreement will allow the banking system access to the country’s digital identity platform associated with the national electronic identification card, provided by the General Directorate of National Security.
It will enable banks to verify the identity of persons automatically and in real-time, in banking agencies or remotely, using virtual banking spaces.
The terms of this agreement stipulate “defining a set of common obligations aimed at combining the opening of digital identity verification services to the banking sector on the one hand, and respecting the legal and regulatory controls required to protect the personal data of citizens on the other hand.”
This agreement also includes “a set of technical, technological and professional support measures aimed at keeping pace with the process of integrating digital identity technologies into the banking system, by providing the necessary physical and software information work environment, as well as sharing expertise and work experiences in the field of using the new generation of digital identity technologies.”
The agreement falls within the context of working to “expand the base of exploiting the identification capabilities integrated in the second generation of the national electronic identification card, especially in the aspect related to the automatic authenticating of identification data, and the possibility of identifying the holder of the card from a distance.”
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