Biometric In Banking
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Centre, Opposition Spar Over Aadhaar Amendments In Parliament
The Opposition on Thursday criticised the government during the discussion on amendments to provide legal backing for voluntary seeding of biometric Aadhaar ID with mobile numbers and bank accounts.
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Government Introduces Aadhaar Amendment Bill In Lok Sabha
The government Wednesday introduced a bill in the Lok Sabha that will allow individuals to voluntary offer biometric ID Aadhaar as a means of identity verification for obtaining services like opening a bank account and getting a mobile phone connection.
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"Better To Be Unique Than Best": Top Court Upholds Aadhaar, With Limits
The Aadhaar card empowers those on the margins of society, which far outweighs its flaws, the Supreme Court said today, upholding the validity of the giant national ID scheme but with limits on how biometric data collected from more than one billion citizens can be used. In a four-one majority judgement, the court cleared the use of Aadhaar for acc...
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Aadhaar Unable To Stop Banking Frauds, Says Supreme Court
Disagreeing with the centre's contention that Aadhaar has helped curb financial irregularities, the Supreme Court today said the biometric ID has been unable to stop banking frauds.
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Samsung Galaxy S9 to Have an Improved Iris Scanner: Report
The iris scanner of the Samsung Galaxy S9 will be improved to better recognise users’ eyes, a big step towards secure biometric verification in banking transactions.
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Better Subsidy Targeting Via Technology Saved USD 10 Billion: PM Modi
Prime Minister Narendra Modi today said direct transfer of government benefits using technology, bank accounts and biometric identifier Aadhaar has helped save USD 10 billion in subsidies.
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RBI Says Linking Aadhaar Number To Bank Accounts Mandatory
RBI said that anti-money laundering rules announced in June 2017 have "statutory force" and banks have to implement them without awaiting further instructions.
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Aadhaar Programme Wins World Bank Praise Amid 'Big Brother' Fears
Research shows it’s best to develop one standardised system so people can carry their IDs wherever they go in the world, said Paul Romer, chief economist at the World Bank.
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Aadhaar Database Safe, Verification Process Was Misused, Say Authorities
As the Centre expands the list of government services that would require beneficiaries to have an Aadhaar number, the Unique Identification Authority of India (UIDAI) on Tuesday insisted that its biometrics database of a billion people was safe. The reassurance comes against the backdrop of the authority suspending Aadhaar authentication services o...
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A Billion Identities Could Be At Risk As PM Modi Widens Digital Reach
Shivam Shankar Singh woke last month to an e-mail from an Indian government department. It had a name, address, mobile phone number and bank account with a code for money transfers and investments made in a dairy farm. None of the details were his.
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UIDAI for Incentives to Merchants Using Aadhaar Payment System
UIDAI has favoured "incentives" for shopkeepers using the biometric mode for digital transactions, in line with commission given by banks to Business Correspondents.
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PM Modi's 2-Hour Review Of Aadhaar Scheme Shows Big Results
With more than a billion people in the world's largest biometric database, Prime Minister Narendra Modi spent two hours on a review of the performance of the Aadhaar welfare reform scheme, and a twin policy that allows cash to be deposited directly in the bank accounts of those entitled to subsidies.
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In A First, This Domestic Bank Offers ATM Transactions Without PIN
In a first for any domestic lender, DCB Bank has started an Aadhaar-based ATM usage facility wherein a customer can transact using his/her biometric details instead of the PIN.
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AI-Powered CRM, Mobile QA Tool Win at HDFC's Digital Innovation Summit
The five winning startups are centred in domains of artificial intelligence, quality assurance, mobile, and biometric payments.
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ICICI Bank Launches Digital Locker
Named 'Smart Vault', the locker is equipped with multi-layer security system, including biometric and PIN authentication and debit cards, among others. Customers can access it without any intervention by the branch staff, ICICI Bank said in a statement.
-
Centre, Opposition Spar Over Aadhaar Amendments In Parliament
The Opposition on Thursday criticised the government during the discussion on amendments to provide legal backing for voluntary seeding of biometric Aadhaar ID with mobile numbers and bank accounts.
-
Government Introduces Aadhaar Amendment Bill In Lok Sabha
The government Wednesday introduced a bill in the Lok Sabha that will allow individuals to voluntary offer biometric ID Aadhaar as a means of identity verification for obtaining services like opening a bank account and getting a mobile phone connection.
-
"Better To Be Unique Than Best": Top Court Upholds Aadhaar, With Limits
The Aadhaar card empowers those on the margins of society, which far outweighs its flaws, the Supreme Court said today, upholding the validity of the giant national ID scheme but with limits on how biometric data collected from more than one billion citizens can be used. In a four-one majority judgement, the court cleared the use of Aadhaar for acc...
-
Aadhaar Unable To Stop Banking Frauds, Says Supreme Court
Disagreeing with the centre's contention that Aadhaar has helped curb financial irregularities, the Supreme Court today said the biometric ID has been unable to stop banking frauds.
-
Samsung Galaxy S9 to Have an Improved Iris Scanner: Report
The iris scanner of the Samsung Galaxy S9 will be improved to better recognise users’ eyes, a big step towards secure biometric verification in banking transactions.
-
Better Subsidy Targeting Via Technology Saved USD 10 Billion: PM Modi
Prime Minister Narendra Modi today said direct transfer of government benefits using technology, bank accounts and biometric identifier Aadhaar has helped save USD 10 billion in subsidies.
-
RBI Says Linking Aadhaar Number To Bank Accounts Mandatory
RBI said that anti-money laundering rules announced in June 2017 have "statutory force" and banks have to implement them without awaiting further instructions.
-
Aadhaar Programme Wins World Bank Praise Amid 'Big Brother' Fears
Research shows it’s best to develop one standardised system so people can carry their IDs wherever they go in the world, said Paul Romer, chief economist at the World Bank.
-
Aadhaar Database Safe, Verification Process Was Misused, Say Authorities
As the Centre expands the list of government services that would require beneficiaries to have an Aadhaar number, the Unique Identification Authority of India (UIDAI) on Tuesday insisted that its biometrics database of a billion people was safe. The reassurance comes against the backdrop of the authority suspending Aadhaar authentication services o...
-
A Billion Identities Could Be At Risk As PM Modi Widens Digital Reach
Shivam Shankar Singh woke last month to an e-mail from an Indian government department. It had a name, address, mobile phone number and bank account with a code for money transfers and investments made in a dairy farm. None of the details were his.
-
UIDAI for Incentives to Merchants Using Aadhaar Payment System
UIDAI has favoured "incentives" for shopkeepers using the biometric mode for digital transactions, in line with commission given by banks to Business Correspondents.
-
PM Modi's 2-Hour Review Of Aadhaar Scheme Shows Big Results
With more than a billion people in the world's largest biometric database, Prime Minister Narendra Modi spent two hours on a review of the performance of the Aadhaar welfare reform scheme, and a twin policy that allows cash to be deposited directly in the bank accounts of those entitled to subsidies.
-
In A First, This Domestic Bank Offers ATM Transactions Without PIN
In a first for any domestic lender, DCB Bank has started an Aadhaar-based ATM usage facility wherein a customer can transact using his/her biometric details instead of the PIN.
-
AI-Powered CRM, Mobile QA Tool Win at HDFC's Digital Innovation Summit
The five winning startups are centred in domains of artificial intelligence, quality assurance, mobile, and biometric payments.
-
ICICI Bank Launches Digital Locker
Named 'Smart Vault', the locker is equipped with multi-layer security system, including biometric and PIN authentication and debit cards, among others. Customers can access it without any intervention by the branch staff, ICICI Bank said in a statement.
