In a move that seems to have left fintech players scrambling, Unique Identification Authority of India (UIDAI), on Tuesday revoked their access to a dozen agencies that provide e-KYC verification and authentication services. Some of these agencies — KUAs (e-KYC user agencies) and AUAs (authorized user agencies) — will no longer be able to provide e-KYC verification to onboard new customers or authenticate financial transactions affecting e-wallets, online lenders, NFBCs and smaller fintech players.
A chief digital officer at a private bank said UIDAI’s actions against KUAs are based on reports that they were storing customers’ data on their devices and attempting to create parallel databases by industry-wide collaboration on the dark web.
— source timesofindia.indiatimes.com Apr 5, 2018
Repeat after me: #Aadhaar is foolproof, #Aadhaar is unhackable, …
Are you afraid of something @UIDAI?