Industry News

Heritage Bank Plc Introduced Biometric ID for Musicians

Nigeria: Heritage bank entered the partnership with Performing Musicians Employers’ Association of Nigeria(PMAN) to provide exclusive biometric identity card which will give accessibility, security, trust & Convenience to customers.

A multipurpose card is specially designed for all Nigerian singers, backup singers, dancers, film producers, actor, actress, etc. The service enable customers with myriad benefits and privileges provided by the Heritage Bank, which is a pioneer and amongst Nigeria’s most innovative banking service provider.

The scheme was launched to create a robust and protective platform for artiste and allied operators in the entertainment industry. In addition, the biometric service provides special health insurance package to each member of card issuer along with their four family members. The service also facilities hassle-fee services from embassies and high commissions in Nigeria for Visa services.       

TechSci Research depicts that adaptation of biometric for banking services and additional privilege services will pave way for biometric market in future as it provides security and protection of information from theft. The rising demand for Biometrics technology is also gaining traction in mobile devices and online payment system.

According to the recent report published by TechSci Research, “Global Biometrics Market By Type (Fingerprint Recognition, Facial Recognition, Hand/Palm Recognition, Iris Scanner, Voice Recognition, Vein Scanner & Others), By End Use Sector, By Region, Competition Forecast and Opportunities, 2011 – 2021” the global biometrics market is projected to cross US $ 24.8 billion by 2021. Fingerprint recognition biometric systems are the most preferred type of biometric systems used across the globe, owing to their ease of use, low cost, high speed and accurate results. However, in terms of growth, vein scanner biometrics systems segment is anticipated to outpace fingerprint recognition biometrics systems over the next five years.

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