Airtel Payments Bank rolls out e-KYC-based face authentication for opening saving accounts
Airtel Payments Bank is the first Payments Bank in the country to offer this facility.
The payments bank said the new facility would help business correspondents (BCs) of the bank to open an account just by undertaking face authentication through electronic know-your-customers (e-KYC).
The authentication is processed using a newly developed mobile application by the Unique Identification Authority of
Anubrata Biswas, Managing Director and Chief Executive Officer of Airtel Payments Bank, said, "We at Airtel Payments Bank believe in strengthening our bouquet of digital services with the latest technology and provide our customers access to improved digital banking solutions which are user-friendly. This safe and secure authentication process has been made possible by the efforts of the UIDAI, which is a huge step in furthering the cause of inclusive banking in the country."
Till now, if a customer wished to open an account with Airtel Payments Bank, the Aadhaar-based OTP (one-time password) or fingerprint biometric authentication was carried out.
"This KYC facility uses AI/ML (artificial intelligence/machine learning)-based face authentication RD Application, which helps in the prevention of fraudulent activities by cross-checking an individual's photo with the image captured in
In July 2022, the Unique Identification Authority of India (UIDAI) launched the Aadhaar Face RD app that will enable Aadhaar cardholders to authenticate their unique 12-digit identity number using one's face.
This is Airtel Payments Bank's one more initiative after it recently integrated with the National Payments Corporation of India's (NPCI) -- National Financial Switch (NFS) to facilitate micro ATM transactions for debit card users residing beyond the metro and tier I cities in India, according to the company's statement. Airtel Payments Bank is a subsidiary of
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