AADHAAR - BASED SOLUTIONS




India's largest unique identification project – 'Aadhaar' has over a billion citizens already registered with it.

Our products based on Aadhaar number leverage this distinct attribute to automate and simplify banking processes which require to authenticate the customer as well as introduce innovative solutions that improve interoperability and ease of use across various channels.

Best Aadhaar Payment offers mobile recharge services to recharge your prepaid mobile tariffs instantly from Aadhaar Payment website anytime anywhere.

Fin e-KYC A real-time solution to conduct instant and hassle-free Know Your Customer (KYC) process without the need of physical documents..

FinAEPS is an online immediate payment solution which interfaces with the AEPS of NPCI and supports transactions from one Aadhaar linked account to another routed through Aadhaar Enabled device (as per specification of NPCI), CBS and UIDAI. FinAEPS application is hosted as a part of financial transaction switch of the bank and is seamlessly integrated with the CBS application. Use cases of FinAEPS Regular ATMs FinAEPS supports cardless transactions at Regular ATMs. Customer need not carry his ATM card at all. The transaction can be initiated by entering the Aadhaar number manually followed by biometric authentication instead of entering PIN. Business Correspondent Model / Agent Banking through Micro-ATMs or Tablets FinAEPS forms an interface between the Micro-ATMs/Tablets, Bank’s ATM switch and CBS for carrying out Aadhaar Authentication as well as Aadhaar-based transactions. Finacus provides a full-fledged BC Model or Agent Banking Solution which combines the features of FinAEPS and FinMOBICONNECT (Mobile Payments Transaction Switch) to offer a range of services to the end customers.

In order to further speed track Financial Inclusion in the country, Two Working Groups were constituted by RBI on MicroATM standards and Central Infrastructure & Connectivity for Aadhaar based financial inclusion transactions with members representing RBI, Unique Identification Authority of India, NPCI, Institute for Development and Research in Banking Technology and some special invitees representing banks and research institutions. The working group on MicroATM standards & Central Infrastructure & Connectivity has submitted its report to RBI. As a part of the working group it was proposed to conduct a Lab level Proof of concept (PoC), integrating the authentication & encryption standards of UIDAI, to test the efficacy of MicroATM standards and transactions using Aadhaar before they are put to actual use. The PoC was successfully demonstrated at various venues. AePS is a bank led model which allows online interoperable financial inclusion transaction at PoS (MicroATM) through the Business correspondent of any bank using the Aadhaar authentication.AePS allows you to do six types of transactions. The only inputs required for a customer to do a transaction under this scenario are:- IIN (Identifying the Bank to which the customer is associated) Aadhaar Number Fingerprint captured during their enrollment