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Face Recognition To Be Allowed To Verify Aadhaar Cardholders

Around 119 crore people have been issued Aadhaar cards so far. NEW DELHI: HIGHLIGHTS Face recognition won’t need any new reference data Will only work when coupled with another authentication factor Camera already available to capture face without additional hardware Aadhaar users stuck over the verification of biometric data like their iris or fingerprint scan can soon get help from facial recognition. The UIDAI or the agency in charge of the national identity card system announced this in a statement today, with officials saying this would not just add an…

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Mutual Funds Roll Out Aadhaar Facility for Investors

New Delhi: To make it easier for investors to buy or sell mutual fund products, fund houses are offering the facility of investing in such products by using the Aadhaar number. The investor can invest online in mutual fund products even if the person is not compliant with Know Your Client (KYC) details. The new service will help investors buy or sell mutual fund (MF) products in a simpler and faster way. The move comes after Sebi issued guidelines to change the existing norms for investing in mutual funds. Quantum…

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