Thursday, April 4, 2019

Finaura Gold Loan Survey Results

Finaura Gold Loan Survey Results


Last week we had conducted a survey to know how gold loan was being used by the general public. We are in the process of launching a mobile-based gold loan aggregator product called Finaura. The survey was done to give us a better understanding of the user base. Finaura enables the users to find easy gold loans from gold loan branches located near them.

We had launched the survey using Google Forms which is free service with no limitation on the number of survey participants. The survey was published on our blog and on our Facebook Page. We had also published the survey on all WhatsApp groups we had access to. We even ran a week-long FB campaign but it was only moderately successful.

Given below are the results of the survey.

Wednesday, March 20, 2019

Finaura product survey


Finaura is gold loan aggregator solution developed by Finahub that will feature a partner network of major gold loan companies and banks. The application will capture the gold loan product and branch location information of our partners to enable our customers to find the most suitable gold loan solution available in gold loan branches near them. The service will be free for the end user.

We are doing an online survey to help us build a product that is useful to all. Your participation will go a long way in helping us build a product that is useful to you. You can find the survey embedded below.

Tuesday, March 5, 2019

The Union Cabinet approved the Aadhaar amendment bill.


Cabinet has passed an ordinance that brings back the use of Aadhaar by private companies on a voluntary basis. The bill is in the context of the Supreme Court ruling on Aadhaar Act, where the ruling said that Aadhaar should be used only for government entities. It struck down the clause in Aadhaar Act that allowed Aadhaar to use by private firms including banks and telecom operators.

Friday, January 25, 2019

Parliament amends Aadhaar Act to aid legitimate use of Aadhaar by private companies


With the amendment of Aadhaar Act, the Indian government is ensuring the continued use of Aadhaar by private banking and telecom companies in accordance with the Supreme Court ruling which upheld the legal validity of Aadhaar. To this end, the government has proposed a series of amendments to the Aadhaar Targeted Delivery of Financial and Other Subsidies, Benefits and Services Act of 2016, the Telegraph Act of 1885 & the Prevention of Money Laundering Act of 2002.           

Tuesday, January 15, 2019

Advantages of Aadhaar paperless offline eKYC.


Recently UIDAI has launched Aadhaar Paperless Offline e-KYC to freely use it for sharing address proof and ID proof data while keeping secrecy, safety, and inclusion. It is an offline method for identity verification where verification can be done without sharing biometrics or even Aadhaar number. This method also enables determination for Aadhaar related information you want to give for identification purposes. There are two ways to do offline Aadhaar verification. 1) By using the QR code on the Aadhaar card, 2)Via Paperless local e-KYC. The Paperless local e-KYC includes the creation of a digitally signed XML which can be saved in PCs and mobile phone.

Thursday, September 20, 2018

How Aadhaar card can help people in flood situation?


Kerala is slowly limping back to normalcy after the devastating floods, loss of property and important documents is among the many unavoidable impacts for many survivors. Transferring and accepting money in flood situation is very difficult. The banks and ATMs won't be opened and the normal people will suffer a lot because of this. If you want to send the relief money to the needy one, you can't send the money without a middleman. This can be easily changed by using Aadhaar and digital money transfer. Some of these methods are detailed in the following sections. We will also look at how the use of Aadhaar and related technology can be handy in keeping your documents safe in such situations too.

Monday, September 10, 2018

Upside-down world of Cryptocurrencies

This is a repost of my Medium blog post
Cryptocurrencies are projects that aim to create new digital currencies that exist on its own without the need for a government agency to back it up and provide validity. The software ensures that the currency cannot be duplicated or spend multiple times like copy-pasting files on a computer. The software system of the cryptocurrency is a distributed system that resides on multiple systems that communicate among themselves. This means that even if some parts of the systems are taken down, the cryptocurrency would still exist.