NEW DELHI: Airtel Payments Bank on Thursday said it would enable face authentication-based savings bank account opening for customers on the Airtel Thanks App.
The feature will be live by the end of the year (2023), and it will allow users to open an account digitally with the Bank, using face biometrics as e-KYC, within minutes from anywhere in the country, said Airtel Payments Bank. It has already made e-KYC based on face authentication live at its banking points.
Airtel Payments Bank said that the authentication will be processed using the mobile application developed by the Unique Identification Authority of India (UIDAI).
“The face authentication for e-KYC is secure, fast, and paperless, making the digital account-opening journey seamless. Furthermore, this technology will use India’s Digital Public Infrastructure, reducing dramatically cost to serve and increasing access, thus furthering Digital India,” said Anubrata Biswas, MD & CEO of Airtel Payments Bank.
This KYC facility uses AI/ML-based face authentication RD application, which helps in the prevention of fraudulent activities by crosschecking an individual’s photo with the image captured in Aadhaar and allows secure customer onboarding, the banking arm of Bharti Airtel said.
