UIDAI - Regulation Asia

RBI Invites NBFCs to Apply for Aadhaar Authentication Licences

With a KUA or sub-KUA licence, NBFCs will be able to authenticate client Aadhaar numbers using the e-KYC facility provided by UIDAI.

September 17, 2021

246

Fintech / Regtech

RBI Account Aggregator Framework Brings Open Banking to India

Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.

September 13, 2021

1.4K

AML / KYC

UIDAI, NPCI Testing Face Authentication with Banks

NPCI has commenced phase one tests of using facial authentication in non-financial transactions with ICICI Bank, Yes Bank, RBL Bank and Fino Payments Bank.

October 8, 2020

1.2K

AML / KYC

SEBI Names Entities That Can Authenticate Aadhaar for e-KYC

Intermediaries and mutual fund distributors that want to use Aadhaar authentication services for e-KYC are required to enter into an agreement with one of the eight entities named.

May 14, 2020

1.3K

AML / KYC

SEBI Endorses Technology Use to Facilitate Online KYC

The investor KYC process can be completed through websites or apps, which should include video-based ID verification, liveness checks, and electronic signatures and documents.

April 27, 2020

13.8K

AML / KYC

The Four e-KYC Models Around the World

Claus Christensen at Know Your Customer Ltd identifies four e-KYC models in use across the world, but says that harmonisation and consolidation of these schemes is likely.

April 5, 2020

536

AML / KYC

SEBI Allows Intermediaries, Funds to Use Aadhaar for e-KYC

Intermediaries and mutual fund distributors are not allowed to store investors’ Aadhaar numbers “under any circumstances”.

November 8, 2019

1.2K

Feature

India Enables Consent-Based Financial Data Sharing

Four years of collaboration between India's major financial regulators has resulted in a new platform that enables financial services providers to share data with other institutions based explicitly on user consent.

July 26, 2019