Aadhaar

Does your organization collect or store Aadhaar numbers? Then you are at high risk. With identity thefts, data breaches, and cyber fraudsters on the rise, businesses are vulnerable to financial and reputational damage. While conducting digital KYCs that involve Aadhaar card verification, the risk of data exposure and misuse of…

Understanding Its Importance, Benefits, and Potential Issues In today’s digital world, everything we do is connected to our online presence. A digital identity is an online or networked likeness that an individual, organization, or electronic device adopts or claims in cyberspace. From social media accounts to online banking, and across…

This is us, igniting discussions around the creation of a National Identity Infrastructure for universal access to web services: a service that any application can integrate with a one-click login. No OTPs, no passwords, just a universally accepted scan, layered on top of UPI (by National Payments Corporation of India…

How did Union Budget 2023 address Financial Services in India? Finance Minister Nirmala Sitharaman advocated for the simplification of Know Your Customer (KYC) processes for financial services in a Budget speech that placed a broad emphasis on technology and tech-driven solutions. …

The masked Aadhaar is a variant form of Aadhaar that the Unique Identification Authority of India (UIDAI) developed after taking into account the issue of data privacy for individuals. Read through to know more about what it is. What is a Masked Aadhaar? You can hide your Aadhaar number in your downloaded e-Aadhaar by selecting…

28.75 Cr eKYC transactions conducted using Aadhaar in Nov By the end of November 2022, there would have been a total of 1350.24 crores in eKYC transactions enabled by OKYC APIs. …

Verifying Aadhaar has become a crucial process for businesses and financial services alike. But we see a lot of customer churn due to failed verifications. The integration of Digital Aadhaar Verification can help stop revenue losses caused by these failed verification processes and the following customer drop-off. …

Over 85% of bank accounts in India are inactive. Research shows that the inactive accounts can be attributed to the issues faced by the underserved populace across remote corners of the country. Bringing the underbanked and unbanked population into mainstream financial services is crucial for financial inclusion, the foundation of…

The DBT system has enabled our social protection delivery system to move beyond the typical last-mile delivery problem of ‘touts’ siphoning funds away from beneficiaries. However, it has created (and also ignored) an expanse of other issues which are not commonly found in popular discourse. A quick interview I did for Factchecker.in on the topic: 'DBT Scheme Excludes Middlemen, But Also Deserving Beneficiaries' The Direct Benefits Transfer (DBT) programme was launched in 2013 to reform the government delivery system for social…www.factchecker.in