Airtel Payments Bank introduces a new option, Face authentication-based electronic KYC. Previously a user had to link his Aadhaar card to his account before completing OTP verification or biometric fingerprint authentication.
However, now you need to verify your face to register an account. Recently, a mobile application for authentication was created by the Unique Identification Authority of India (UIDAI). Now, business correspondents will only need a smartphone or a document to open an account.
Airtel Payments Bank Introduced Face Authentication KYC- Key Points
- According to Anubrata Biswas, MD & CEO of Airtel Payments Bank, the KYC capability employs the Face Authentication RD program, which is based on AI/ML.
- It will help prevent fraud by matching the person’s photo to the image recorded in Aadhaar and enabling secure user onboarding.
- Aadhaar-based OTP or fingerprint biometric authentication was previously required for customers to open accounts with Airtel Payments Bank.
- Earlier a customer is required to provide an OTP based on their Aadhaar or their fingerprint for biometric authentication to register an account with Airtel Payments Bank.