Skip to main content

UIDAI set to introduce face authentication feature from July 1

By
 UIDAI set to introduce face authentication feature from July 1
The Unique Identification Authority of India (UIDAI) is all set to make face authentication available alongside iris or fingerprint scan as means of verifying Aadhaar users from July 1, 2018. 
The UIDAI, which is in-charge of the 12-digit identifier Aadhaar, in January had announced that it will introduce face authentication feature to help those who run into problems in biometric authentication due to old age, hardwork or worn-out fingerprints. 
It had said that face authentication will be allowed only in fusion mode meaning it would be permitted along with either fingerprint or iris or OTP to verify the details of Aadhaar holders. In a presentation to the Supreme Court last week where he emphasised the robustness of the Aadhaar encryption system saying breaking it may take "more than the age of the universe for the fastest computer on earth", UIDAI CEO Ajay Bhushan Pandey also informed that the proposed face authentication feature will be introduced by July 1. 
"Face authentication shall be available in fusion mode along with one more authentication factor like fingerprint/iris/OTP from July 1, 2018," he had said in the power point presentation titled `1 billion +'. Aadhaar is being used for identity authentication across banks, telecom companies, public distribution system, income tax amongst others and the extent of its usage can well be gauged from the fact that an average of 4 crore authentications are being done on a daily basis. 
Even in his presentation, the UIDAI CEO has pointed out that 1,696.38 crore Aadhaar authentications and 464.85 crore eKYC transactions have been performed so far. Seeking to allay concerns over government's ambitious Aadhaar scheme, Pandey had said that UIDAI does not collect purpose, location or details of transaction. 
Pandey began his presentation before the five-judge constitution bench on Thursday and is scheduled to resume it on March 27. The bench is hearing a bunch of petitions challenging the constitutional validity of Aadhaar. 
The Economic Times, New Delhi, 26th March 2018

Comments

Post a Comment

Popular posts from this blog

Budget: Startup sector gets new Fund of Funds, FM to allocate Rs 10K cr

By
  The Indian startup sector received a boost with Finance Minister Nirmala Sitharaman announcing the establishment of a new fund of funds (FoF) in the Budget 2025. The minister unveiled a fresh FoF with an expanded scope, allocating Rs 10,000 crore. The initial fund of funds announced by the government with an investment of Rs 10,000 crore successfully catalysed commitments worth Rs 91,000 crore, the minister said.   “The renewal of the Rs 10,000 crore commitment to the Fund of Funds for alternative investment funds (AIFs) is a significant step forward for the Indian startup and investment ecosystem. The initial Rs 10,000 crore commitment catalysed Rs 91,000 crore in investments, and I fully expect this fresh infusion to attract an additional Rs 1 lakh to Rs 1.5 lakh crore in capital,” said Anirudh Damani, managing partner, Artha Venture Funds.   Damani further added that this initiative will provide much-needed growth capital to early-stage startups, further strengthenin...
Post a Comment
Read more

After RBI rate cut, check latest home loan interest rates of top banks for loans above Rs 75 lakh

By
  The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points from 6.50% to 6.25% in its monetary policy review as announced on February 7, 2025. After the RBI repo rate cut, banks such as SBI, Canara Bank, PNB, and Union Bank among others have cut their repo linked lending rates. Most other banks are also expected to cut their lending rates in line with the RBI rate cut. After banks cut their lending rates, their home loan borrowers will have to pay less interest. Normally, when a lender cuts the lending rate, borrowers get two options: Either to go for a reduction in EMIs or reduce the tenure of the loan. The second option will help the borrowers clear their home loan outstanding faster. In case, the borrower goes for reduction in EMI then the lower lending rate of the lender would mean lower Equated Monthly Installment (EMI) for borrowers.   EMI is the amount you will pay on a specific date each month till the loan is repaid in full.A repo rate-linked home ...
Post a Comment
Read more

GST collections rise 9.9% to exceed Rs 1.96 trillion in March 2025

By
  Gross GST collection in March grew 9.9 per cent to over Rs 1.96 lakh crore, government data showed on Tuesday. GST revenue from domestic transactions rose 8.8 per cent to Rs 1.49 lakh crore, while revenue from imported goods was higher 13.56 per cent to Rs 46,919 crore. Total refunds during March rose 41 per cent to Rs 19,615 crore. After adjusting refunds, net GST revenue stood at over Rs 1.76 lakh crore in March 2025, a 7.3 per cent growth over the year-ago period.       - Business Standard 02 th March, 2025
Post a Comment
Read more