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Why is it important?  This is the highest since the National Democratic Alliance (NDA) came to power in May 2014. The government now wants to focus on execution and go slow on announcing new schemes, even as it enters its third year.

Why is it important?  About 93% of the projected adult population of 2015 have Aadhaar numbers. The first card was issued in September 2010, which makes it the fastest jump from zero to billion in digital history. The challenge ahead is to use Aadhaar to provide government services, such as subsidies, more efficiently.

Why is it important? This has delayed renewable energy projects in India. SunEdison, which is reportedly planning to file for bankruptcy in the near future, has also put all its India assets on sale. It has projects of 1.5 gigawatts capacity in India, which are at various stages of development.

Tell me more: Terraform Global alleged that SunEdison used its cash to prop up its flagging liquidity position instead of using it to finish near-complete renewable energy projects in India, as promised.

Once you open your savings account basis your Aadhaar number, you need to undertake the V-KYC (video KYC) process to have full access to your bank account. Your new IDFC FIRST Bank savings account comes with customised offers, higher interest rates with a monthly interest payout facility, and several other benefits such as discounts on popular brands, Visa privileges, and more. Complete the following steps after opening your bank account with your Aadhaar card and enjoy full control over your savings.

Funding and KYC (Know Your Customer) procedure: After opening your account, you can fund your account and complete the Video KYC procedure to start monthly interest on your deposits. You can schedule your V-KYC 24*7 as per your convenience.

Yes, you can open a bank account without an Aadhaar card by visiting the branch. However, opening a bank account without an Aadhaar takes time. You must provide Original PAN card along with an Officially Valid Document (OVD) instead of an Aadhaar card if you wish to open a bank account without Aadhaar.

Yes, you can open a bank account without Aadhaar linked mobile number by visiting the branch. However, to avail yourself of various government benefits, you may need to link your Aadhaar to your mobile number.

Being one of the leading banks for savings accounts in India, we offer multiple methods to track your IDFC FIRST Bank Savings Account. Our customers can access mobile banking and net banking, as well as receive their monthly email statements to their registered email IDs.

Your Aadhaar card serves as a single, comprehensive identification document for opening a savings account online. With its 12-digit unique number, this card eliminates the need for multiple identity and address proofs. Through the Aadhaar-based e-KYC, the bank can swiftly authenticate customer details electronically, reducing paperwork and processing time.

This streamlined process enhances convenience for customers, enabling a faster account opening process while maintaining stringent security measures. Your Aadhaar card significantly expedites the KYC verification process, making the savings account opening process efficient and hassle-free.

The process of opening a savings account with Aadhaar is highly secure. Aadhaar authentication adds an extra layer of security through an OTP authentication. This ensures that only the rightful owner can access and use their Aadhaar details for opening their account. Additionally, stringent data protection measures are in place to safeguard personal information. With these security features, you can stay assured that your identity and financial data are protected throughout the account opening process.

Historically, applications using biometrics have been initiated by authorities for military access control and criminal or civil identification under a tightly regulated legal and technical framework.

Today Automated Biometric Identification Systems (ABIS) can create and store biometric information that matches biometric templates for the face (using the so-called mugshot systems), finger, and iris.

Live face recognition - the ability to perform face identification in a crowd in real-time or post-event - is also gaining interest for public security - in cities, airports, borders, or other sensitives such as stadiums or places of worship.

The electronic passport (e-passport) is a familiar biometric travel document. The second generation of such documents, also known as biometric passports, includes two fingerprints stored and a passport photo.

That means over 1.2 billion travelers have a standardized digital portrait in a secure document. It's a windfall for automatic border control systems (aka e-gates) and self-service kiosks.

The U.S. Department of Homeland Security's Customs and Border Protection (CBP) declared that more than 43.7m individuals had been scanned at border crossings, outbound cruise ships, and elsewhere so far. This process helped stop 252 people from attempting to use another person's passport to cross the border. (V.B., 6 February 2020.)

In Gabon, for example, even before the program started, it was clear to everyone that authorities had to implement all resources to avoid the health coverage program becoming a center of attention for neighboring countries' citizens.

Hence beneficiaries are individually identified so that access to care can be reserved for them. The authorities decided that the insured parties' identification would be nominative in implementing a Gabonese individual health insurance number.

AFIS databases (Automated Fingerprint Identification System), often linked to a civil register database, ensure citizens' identity and uniqueness to the rest of the population in a reliable, fast, and automated way.

India's Aadhaar project is emblematic of biometric registration. It is the world's most extensive biometric identification system and the cornerstone of reliable identification and authentication in India.

The Aadhaar number is a 12-digit unique identity number issued to all Indian residents. This number is based on their biographic and biometric data (a photograph, ten fingerprints, and two iris scans).

The pandemic has accelerated online digital onboarding and bank account opening as many branches were temporarily closed. Businesses have been developing mobile user-friendly onboarding processes, including facial recognition as a critical feature for identity verification.

Retailers can leverage facial recognition to identify a premium customer or a former shoplifter as soon as they enter the store. If the system recognizes one, it alerts the store manager.

Biometric applications in North America's security and government sectors drive regional market trends. With the U.S. at the helm, the study claims North America will represent more than 30% of the overall biometrics industry share by 2024.

The technical challenges of automated recognition of individuals based on their biological and behavioral characteristics are inherent in transforming analog (facial image, fingerprint, voice pattern) to digital information (patterns, minutiae) that can then be processed, compared and matched with effective algorithms.

Therefore, biometric checks must be carried out on a trusted secure device, which means the alternatives are to have a centralized and supervised server, a trusted biometric device, or a personal security component.

Numerous national identity cards (Portugal, Ecuador, South Africa, Mongolia, Algeria, etc.) now incorporate digital security features based on the "Match-on-Card" fingerprint matching algorithm.

Unlike conventional biometric processes, the "Match-on-Card" algorithm allows fingerprints to be matched locally with a reference frame thanks to a microprocessor built into the biometric I.D. card without connecting to a central biometric database (1:1 matching).

They were launched in 2018 for the first time by the Bank of Cyprus and Thales for EMV cards (contactless and contact payment). They use fingerprint recognition instead of a PIN code to authenticate the cardholder.

ACustomer details are highly protected if the bank suffers a cyber-attack because the user's biometric data is stored on the card, not on a central database; likewise, if the card was to become lost or stolen, the holder's fingerprint could not be replicated.

Identification answers the question, "Who are you?". In this case, the person is identified as one, among others (1: N matching). The person's data to be identified are compared with those stored in the same or possibly other linked databases.

Authentication answers the question: "Are you really who you say you are?". In this case, biometrics allows the person's identity to be certified by comparing the data they provide with pre-recorded data for the person they claim to be (1:1 matching). 152ee80cbc

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