Sunday, April 26, 2020

COVID-19 and Aadhaar EKYC revival

The COVID -19 pandemic will have a huge impact on the Indian economy. The Indian economy is expected to lose RS 32000 crore daily during the lock-down period. Govt of Indian has announced a variety of measures to handle the situation. This includes RBI injecting RS 374000 crore to country's financial system and various other measures. Among them, the Aadhaar EKYC revival is one of them.

Saturday, April 25, 2020

Cost effective Aadhaar EKYC and Aadhaar Data Vault Solutions for Firms with AUA License

Customer On-boarding and authentication using Aadhaar EKYC is the most efficient way of getting your customers on board. You need to make sure all the regulations and norms laid out by UIDAI is followed by your organisation.  UIDAI conducts occasional external audits to ensure compliance with their guidelines and defaulters are very heavily penalised.

Thursday, April 23, 2020

How to rectify provident fund birth record using Aadhaar?

The EPFO (Employee Provident Fund Organization) issued a circular on the 3rd of April 2020 stating the liberalization of norms regarding changing the individual’s date of birth in their records. The EPFO has decided to accept the Aadhaar as a valid proof of birth to rectify the mistakes in the date of birth mentioned in the individual’s PF account. This decision was announced by the Ministry of Labour on the 5th of April 2020.

Thursday, April 9, 2020

Govt uses Aadhaar, driver's license, voter ID databases for facial recognition

The AFRS (Automated Facial Recognition System) project was first announced by the Home Ministry of India in 2018, to identify missing individuals, criminals and bodies that remained unidentified in a scientific manner.