Ads Area

INDIA: Banks to be allowed to use facial recognition, iris scan for certain transactions - India

INDIANS DAILY   www.indiansdaily.com
🔔Join:    
The direct pulse of the nation and the diaspora

Delhi: New measures can be used to verify the identity of individuals making deposits and withdrawals of more than Rs 2 million in a financial year.

To reduce fraud and tax evasion, the Indian government has begun allowing banks to verify personal transactions that exceed a certain annual threshold using facial recognition and iris scans in some cases.

A few large private and public sector banks have started using this option, said a banker who declined to name the banks. Verification is not mandatory, and another government identification card used for tax purposes, the Permanent Account Number (PAN) card, is intended for cases where it is not shared with banks.

The prospect of banks using facial recognition worries some privacy experts, especially since there is no dedicated law on privacy, cyber security and facial recognition in India so far, says a cyber law expert. The government says it is aiming for parliamentary approval of the new privacy law by early 2023.

Aadhaar card has a unique number linked to a person's fingerprint, face and eye scan. In December, India's finance ministry asked banks to take "necessary action" on a letter from the Unique Identification Authority of India (UIDAI) suggesting verification through facial recognition and iris scanning, especially when an individual's fingerprint authentication fails.

The letter from UIDAI, which is responsible for Aadhaar card issuance, does not mention consent for verification. It also does not say that banks can take any action if a customer refuses.

In response to queries, a UIDAI spokesperson said that Aadhaar verification and authentication is done only with the express consent of the user. He also said that using Aadhaar-based biometric authentication will help prevent misuse.

The latest advisory follows a government order that made Aadhaar card or PAN number mandatory for deposits or withdrawals of more than Rs 2 million in a financial year.

📚READ ALSO:






🔘IRELAND :The New Ross Indian Community had a colorful Christmas New Year celebration this year.

🔘INDIA: RTPCR, Home Quarantine, Air Suvidha mandatory for air travelers from 5 countries: Health Minister

🔘IRELAND: What do you pay attention to when you watch a movie !! Theater? Actor / Actress ? 3D? IMAX? 4DX? Where to watch Avatar: The Way of Water (2022)?

🔘INDIA: New Covid recommendations for travelers arriving in India

🔘IRELAND: Currently 624 Covid patients, stay at home if symptoms present; Wear mask on public transport - CMO

🔘IRELAND JOBS: St James’s Hospital hiring for a range of positions include Nursing, HSCP & other Vacancies

🔘IRELAND: Transfer of power in Ireland when governing roles change; Now Prime Minister Leo Varedkar

🔘INDIA: BJP wins with biggest majority in history; Congress has collapsed

🔘EUROPE: "Economic Growth" Ireland tops euro zone countries 

🔘KERALA: House for sale with all amenities near Cial Airport

🔘HSE warned :Flu actively circulating in the community

🔘Extension of the short term visiting visa for parents of non European workers in Ireland

Latest news & information from www.indiansdaily.com ✔click to follow:  

INDIANS DAILY   www.indiansdaily.com
🔔Join:    
The direct pulse of the nation and the diaspora

Post a Comment

0 Comments
* Please Don't Spam Here. All the Comments are Reviewed by Admin.

Top Post Ad

Below Post Ad

www.indiansdaily.com GLOBAL INDIAN COMMUNITY
🔔JOIN:    

Ads Area

avatar
EDITOR Welcome to www.indiansdaily.com
Hi there! Can I help you?,if you have anything please ask throgh our WhatsApp
:
Chat WhatsApp