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The committee on fintech-related issues has recommended the usage of video-based KYC and the services of DigiLocker for the KYC registration process by fintechs.
fintech, video, KYC, DigiLocker, India, financial services, regulations, verification, UIDAI, identification, authentication, fraud, security risks, taxation
Digital financial services companies in India have been given the possibility to soon be able to authenticate customers with biometrics using Aadhaar.
India, Aadhaar, biometrics KYC, authentication, fintechs, government, digital financial services, non-bank financial service, security, ML, RBI, financial regulators, regulations, UIDAI
UIDAI has clarified to banks that Aadhaar eKYC can be used to authenticate beneficiaries of government subsidies and welfare schemes.
UIDAI, Aadhaar, eKYC, banking, India