Post SC ruling, Fintechs replacing Aadhaar with innovative e-KYC processes

While some have developed video-based authentication that uses govt identification such as PAN card, driving licence and passport, others are using selfie-based IDs through cell phones or laptops

Digital lenders are slowly coming up with innovative solutions for onboarding of new customers sans e-KYC (know your customer) through Aadhaar-based authentication. While some fintech players are in the process of using video-based authentication that uses government identifications such as PAN card, driving licence and passport among others, some others have been using selfie-based identification through mobile phones or laptops. Through these new modes of authenticating customers, many of them have escaped the costly route of physical verification.

"We have developed a video-based authentication app through which we can take the liveliness test of a customer. Through this solution, not