Aadhaar masking API: Protect your customer’s sensitive information in real-time
Aadhaar is a 12-digit unique id that serves as address and identity verification while providing access to financial products and services.
Banks and NBFCs are prohibited from storing or using unmasked Aadhaar copies throughout the onboarding process. This goes against RBI rules and puts the company’s finances and reputation at risk.
Masking Aadhaar photographs can be tedious and time-consuming, given that banks process hundreds of onboarding applications per day. AI solutions eliminate this complex and time-intensive process by integrating the Aadhaar Masking API into the onboarding platform.
Checklist on RBI guidelines for Aadhaar masking
In May of 2019, the Reserve Bank of India changed the master KYC criteria for regulated entities. As part of the Aadhaar e-KYC online process, one of these revisions mandated that all institutions governed by the RBI mask the Aadhaar numbers of their customers.
Important guidelines:
1. The first eight digits of your customer’s Aadhaar number should be concealed or replaced with asterisks, but the last four should be visible. In addition, the QR code must be masked. With the password-protected electronic Aadhaar, customers can quickly download the masked and compliant version.
2. Name, birth date, gender, and address remain visible. Prior to permanent storage, the financial institution shall encrypt Aadhaar photos at the point of capture.
3. Multiple authorities, including RBI, IRDAI, TRAI, and SEBI, supervise Aadhaar and related rules, which are managed by UIDAI. Any firm governed by the RBI that collects Aadhaar cards for identification and boarding must obscure or blackout the Aadhaar number prior to filing and storing.
Challenges for Banks and NBFCs on Aadhaar masking
The current KYC process involves multiple steps of human involvement, including the collection and submission of essential documentation, the scanning and uploading of hard copies to management systems, and manual verification.
As a result, banks and NBFCs have a pool of uncategorized and unsorted customer-proof photographs on their systems. It is vital to categorize KYC documents in order to improve the client experience and streamline the process.
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Under the RBI-mandated KYC regulations, it is legal to conceal Aadhaar in the quickest time feasible using AI and automation technology. The finserv is able to recognize 12-digit AADHAAR numbers from photographs and videos by employing advanced AI technology.
Aadhaar Masking API Solution
The AI-driven Aadhaar processing solutions can enable the detection, extraction, validation, and masking of Aadhaar photos, as well as the digitization of end-to-end Aadhaar processing for the seamless onboarding of clients.
These technologies are based on OCR (Optical Character Recognition) and NLP (Natural Language Processing), allowing you to sort and categorize your existing and fresh Aadhaar data from multiple formats with the shortest TAT.
Key Features and Advantages:
- Instantaneous and Real-Time Masking
- Bulk Masking Capabilities
- Effortless API-based Integrations
- Multiple Document Formats Supported
- Robust User Data Compliance, Security, and Privacy
Get Started Today!!
Our advanced Aadhaar API masking allows seamless integration with your existing workflows and processes, hence facilitating your compliance journey.
iStart’s Aadhaar Masking Solution can conceal all or part of the Aadhaar number in real-time. Our solution is applicable to both new and existing client records.
For more information, please contact our solution expert or send an email to business@isolve.global.
