Aadhaar-based face authentication transactions cross all time high of 10.6 million in May

Aadhaarbased face authentication transactions for service delivery are gaining robust momentum with monthly transactions in May touching an alltime high of 106 million since its launch in October 2021 said a press statementThis is the second consecutive month that registered more than 10 million face authentication transactions The number of face authentication transactions is on an upward trajectory and the monthly numbers clocked in May is an increase of 38 per cent compared with such transactions reported in January 2023 indicative of its growing usage added the press statementThe AIML based face authentication solution developed inhouse by the Unique Identification Authority of India UIDAI is now being used by 47 entities including state government departments ministries in the central government and some banksAmong many usages its being used for registering beneficiaries under Ayushman Bharat Pradhan Mantri Jan Arogya Yojana for authentication of beneficiaries in the PM Kisan scheme and for generating digital life certificates at home by pensioners Its being used for marking staff attendance at several government departments and for opening bank accounts at a few leading banks via their business correspondents read the press statementAmong several states the government of Andhra Pradesh is using Aadhaar based face authentication for Jagananna Vidya Deevena Scheme for fee reimbursement to eligible higher education students and under EBC Nestham scheme for welfare delivery to women from economically backward segmentsFace authentication provide features like ease of usage faster authentication and it is preferred as an additional modality to strengthen the authentication success rate along with fingerprint and OTP authentications It captures live images for authentication It is safe against any video replay attacks and static photo authentication attempts by antisocial elements mentioned the press statementFace authentication is also working as a robust alternative and helping senior citizens and all those who have issues with the quality of their fingerprints due to several reasons including manual work or health issues The month of May also saw the UIDAI executing 1486 million Aadhaar updates following request from residentsAadhaar eKYC service continues to play a key role in the banking and nonbanking financial services sectors by providing transparent amp improved customer experience and helping in ease of doing business More than 254 million eKYC transactions were carried out in May alone said the press statement furtherBy the end May 2023 the cumulative number of Aadhaar eKYC transactions has gone past 152 billion Continued adoption of eKYC is significantly reducing customer acquisition cost of entities like financial institutions telecom service providers among others added the press statementWhether it is AePS for last mile banking eKYC for identity verification Aadhaar enabled DBT for direct fund transfer or authentications Aadhaar the foundation of Indias digital public infrastructure and a tool of good governance is playing a stellar role in improving Ease of Living for residentsThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever