Aadhaar-Based Face Authentication Transactions Reach Record High of 10.6 Million in May
Since its establishment in October 2021, Aadhaar-based face authentication transactions for service delivery have achieved an unprecedented milestone, recording an all-time high of 10.6 million in May. This marks the second consecutive month with over 10 million face authentication transactions, showcasing a remarkable 38% increase compared to January 2023 figures. The popularity of this technology continues to rise, bolstered by the in-house AI and machine learning-based face authentication solution developed by the Unique Identification Authority of India (UIDAI).
The UIDAI’s face authentication solution has been embraced by 47 entities, including state government offices, federal government ministries, and various banks. This versatile technology serves numerous purposes, including:
The government of Andhra Pradesh has implemented Aadhaar-based facial authentication for two key schemes:
Face authentication offers several advantages, including ease of use and faster authentication. It serves as a supplementary authentication method alongside fingerprint and OTP-based authentications. In May, the UIDAI also completed 14.86 million Aadhaar upgrades in response to user requests, further enhancing the system’s reliability and security.
The Aadhaar e-KYC service continues to play a vital role in the banking and non-banking financial services sectors. By providing a transparent and improved consumer experience, it facilitates seamless business transactions. In May alone, there were over 254 million e-KYC transactions, contributing to a total of more than 15.2 billion e-KYC transactions by the end of May 2023.
Find More News Related to Banking
Mumbai Indians secured their second WPL title in three seasons, defeating Delhi Capitals by 8…
The Women's Premier League kicks off again on February 23rd, with a rematch of last…
France is home to many beautiful and historic cities, each with its own unique charm.…
Canada is a country known for its love of sports. Many games are played across…
India finished on top of the medal tally at the World Para Athletics Grand Prix…
Some people leave a lasting impact on the world with their talent, creativity and hard…