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UAE Exchange to launch KYC authentication with Aadhaar

Thursday 21 May 2015 11:40 CET | News

Financial service company UAE Exchange India has revealed plans to launch an e-KYC authentication for all its financial transactions linking them with Aadhaar.

The company has integrated its core banking system with the Unique Identification Authority of India (UIDAI) and is awaiting the latter’s approval to go online after which the service will be available in all its 400 branches across the country.

e-KYC authentication will enable the company to live verify ID proof and address of customers through electronic mode. Once the e-KYC authentication is done, there is no need for any other ID proof or photo copy.

 


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Keywords: UAE Exchange, KYC authentication, Aadhaar, India, online authentication, digital identity
Categories: Fraud & Financial Crime
Companies:
Countries: World
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Fraud & Financial Crime






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