e-KYC & Central KYC Registry Solution

AADHAAR e-KYC is a service offered under AADHAAR project by UIDAI department of Government of India. Under this service organizations can establish the positive Identity of their customers by validating their Name, Address and other information against their Biometric Identity with AADHAAR data center.

Challenge

Providing paperless KYC in electronic form using Aadhaar authentication in a secure, fast and convenient manner.

  • General Proof of Identity (PoI)
  • Use Demographic Data Verification in service delivery
  • Eliminate forgery of KYC Documents
  • Secure and compliant solution with the IT Act and RBI regulations

Solution

  • Secure connectivity through UIDAI using KSA / KUA
  • Supports wide range of STQC certified Biometric scanners
  • Digitally signed KYC is machine read able, making the process low cost and error free

RCI’s e-KYC & Central KYC Registry Solution captures resident authentication data (AADHAAR & Biometric), invoke e-KYC API through a KSA network; the KYC data returned within the response of the e-KYC API is digitally signed by UIDAI and can be used for electronic audit at a later stage; and using the resident data obtained through this KYC API, the agency can service the customer.

The KYC data returned within the response of the KYC API is digitally signed by UIDAI and can be used for electronic audit; since the resident is already a customer/beneficiary, the agency can use a simple workflow to approve the Aadhaar linkage by comparing data retrieved through the e-KYC API against what is on record; and once verified, the existing customer/beneficiary record can be linked to the Aadhaar number.

Benefits

e-KYC

  • Paperless, electronic, low-cost e-KYC enables access & financial inclusion
  • The ID document is on person and thus there is no need to carry documents/Cards inclusion through a digital ID for all
  • Instant gratification – no need to fetch ID documents, immediate on line authentication and service activation
  • Data transfer secured through encryption and digital signature
  • Reduces operational risks
  • Reduces the cost in space consuming storage units and staffs to handle the files

Central KYC Registry

  • First KYC to be your last one for financial products
  • No repeat KYC needed with every financial intermediary
  • KYC can be updated with any one intermediary

Features

  • Privacy: AADHAAR KYC data only provided upon authorization by customer
  • Complete compliance to KYC regulations
  • Eliminates document forgery due to real time validation
  • Non-reputable transactions with reliable UIDAI authentication

Agency Compliance

Unique Identification Authority of India (UIDAI)
https://uidai.gov.in

RCI’s e-KYC & Central KYC Registry Solution captures resident authentication data(AADHAAR & Biometric), invoke e-KYC API through a KSA network; the KYC data returned within the response of the e-KYC API is digitally signed by UIDAI and can be used for electronic audit at a later stage; and using the resident data obtained through this KYC API, the agency can service the customer.

1) What is the e-KYC service?
UIDAI offers the e-KYC service, which enables a resident having an Aadhaar number to share their demographic information and photograph with a UIDAI partner organization in an online, secure, auditable manner with the residents consent. The consent by the resident can be give via a Biometric authentication or an One Time Password (OTP) authentication.

2) What information is shared in the e-KYC service?
The Aadhaar holders demographic information i.e Name, Address, Date of Birth, Gender, Phone & Email (where available) & Photograph which is currently available with the resident is shared via the e-KYC service.

3) Who can use the e-KYC service?
The e-KYC service is envisaged as a public benefit service. Any organization, authorized and approved by UIDAI to use this service can deploy the e-KYC service to serve its business interest. UIDAI envisages, initially organizations such as Banks, Telecom, Financial Services etc who have a regulatory compliance to perform a KYC function will be the front runners in leveraging this service.

4) What are the key features of the e-KYC service?

  • Paperless: The service is fully electronic, enabling elimination of KYC document management
  • Consent based: Data is shared by the resident consent through Aadhaar authentication, thus protecting resident privacy.
  • Secure and compliant with the IT Act: Data transfer are secured through the use of encryption and digital signature as per the Information Technology Act, 2000 making e-KYC document legally equivalent to paper documents.
  • Non-repudiable: The use of resident authentication for authorization, the affixing of a digital signature by the service provider originating the e-KYC request, and the affixing of a digital signature by UIDAI when providing the e-KYC data makes the entire transaction non-repudiable by all parties involved.

5) What is the regulatory stance on the e-KYC service?
RBI, IRDA, PFRDA & SEBI have accepted UIDAI’s e-KYC service as a valid KYC