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Stay Informed on the Latest Developments
Wed Sep 6, 2023
Under its “Reimagine Aadhaar” initiative, UIDAI has successfully used the AI and ML engines on its Aadhaar platform to strengthen its Face Authentication facility. The new technology has multiple applications in the fintech world, such as enhanced customer acquisition at banks, improved attendance registration of NREGA beneficiaries. Recently, UIDAI worked closely with Airtel Payments Bank to improve the resident experience for face authentication. This advanced technology was showcased in the Global Fintech Festival 2023 held at Mumbai; it will have useful application in the banking industry to detect and prevent fraud in financial transactions.