Skip to content
Subscriber Only

Russia Plans National Biometric Database Starting Next Year

  • Upper house of parliament approves law allowing system
  • Russian state-owned firms lead push for biometric technology
Bank Of Russia Governor Elvira Nabiullina News Conference
Photographer: Andrey Rudakov/Bloomberg

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.