RBI mulls live video authentication for customer verification
RBI proposed a method of using XML internet format to extract limited information Aadhaar database.
- Alternative eKYC methods including QR code-based authentication linked to the Aadhaar database have been in consideration but full-scale implementation remains an issue.
- The industry suggested using videos as an alternative to the popular but now barred Aadhaar biometrics-based electronic customer verification .
- After the Supreme Court in September barred private entities from using Aadhaar-linked biometrics for customer verification, banks and financial technology companies that relied on that method to onboard customers have been facing severe challenges.