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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
A security flaw has been discovered within Aadhaar, the Unique Identification Authority of India (UIDAI) authentication system, according to an investigation by HuffPost India.
Aadhaar, the Unique Identification Authority of India, UIDAI, India, biometrics, fraud prevention, online security
The Unique Identification Authority of India (UIDAI) has suspended electronic know-your-customer (e-KYC) facilities of 13 banks and authentication agencies.
Unique Identification Authority of India, UIDAI, eKYC, banks, authentication, biometrics, India, Aadhaar
Axis Bank has introduced iris scan authentication feature for Aadhaar-based transactions through its micro ATM tablets.
Axis Bank, Aadhaar, India, iris scanning, biometric authentication, UIDAI, micro ATM
UIDAI has announced that facial recognition authentication for Aadhaar users that was scheduled to be launched on July 1 has been delayed for August 1.
Aadhaar, biometrics, digital identity, India, bank account, OTP, UIDAI, facial recognition, iris scan