This is equivalent to China’s Digital ID without branding it as such - because such branding would fail.
They are laying the foundation at the infrastructure layer to build a Digital surveillance net, look at the pieces with the eye of an Architect -
https://www.cnbc.com/2026/04/15/banks-citizenship-data-colle...
And
https://www.congress.gov/bill/119th-congress/house-bill/8250...