iFlow CKYC: A Single Window Platform to Offer One Time KYC …
Importance of data privacy in Aadhaar Authentication: How iStart can help?
Authored by: Mohammed Mansoor Reading Time: 03 min 15 sec
Authored by: Mohammed Mansoor Reading Time: 03 min 15 sec
Aadhaar provides residents with offline and online identity verification across the country. An Aadhaar card can be useful when opening a bank account. In addition to KYC, it can also be used for identification and verification purposes.
Aadhaar authentication is a process of verifying an individual’s identity using their Aadhaar number. Banks and financial institutions recognize Aadhaar Cards as valid identification cards and address proofs. Authentication without proper data privacy measures can expose individuals to security risks as it contains sensitive personal information.
In this article, let us explore how iStart Aadhaar masking API solution ensures data privacy and effective Aadhaar authentication.
A masked Aadhaar card meets the privacy requirements associated with its use. Downloading a masked Aadhaar card offers the following benefits to Aadhaar cardholders.
Aadhaar authentication has several benefits, including reducing fraud and enabling quick access to banking services, but it is associated with certain risks if data privacy is not considered.
It can result in leaks of personal information and biometric data, which can be used for identity theft and other nefarious purposes. The result may be financial loss, reputational damage, and in extreme cases, physical injury.
Furthermore, unauthorized third parties may misuse Aadhaar data. Therefore, it is essential to ensure that proper data privacy measures are in place before proceeding with the Aadhaar authentication process.
Data encryption, robust authentication protocols, and strict access controls are some measures to prevent unauthorized access to data. Additionally, to protect data privacy, the software must be backed by robust legal and regulatory frameworks.
Aadhaar masking is partially hiding or masking the first eight or twelve digits of an individual’s Aadhaar number to protect their privacy. Aadhaar masking protects data privacy in several ways in Aadhaar authentication:
Aadhaar masking is a vital privacy protection measure that can help safeguard sensitive personal information during Aadhaar authentication.
With iSolve Aadhaar masking API solution, banks and NBFCs can mask the Aadhaar numbers of their customers along with solid authentication protocols and strict access controls to fully protect an individual’s data privacy and to ensure adequate data protection.
Contact us today to schedule a demo with our solutions experts to learn more about our Aadhaar masking API solutions.
Stay compliant with regulations and ensure data privacy of your customers!!
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Importance of data privacy in Aadhaar Authentication: How iStart can help? Authored …
OCR-based Document Verification for Digital Customer Onboarding Process Authored by: Mohammed Mansoor …
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