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In The News
   
 
 

 

In The News

 
Russia will get a country-wide biometric database for financial services starting next summer, the central bank said.

The system will expand access to banking by letting people open accounts without having to visit a branch and is a key milestone in digitizing financial services, the Bank of Russia said in a statement. The regulator said that data would only be stored with individuals’ consent. Legal changes needed for the system passed this month.


 

 

 

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