BANKING AFFAIRS

Detailed explanation-1: -Axis Bank has become the first bank in the country to introduce the Iris Scan Authentication feature for Aadhaar-based transactions through its micro ATM tablets.

Detailed explanation-2: -The first bank in India to introduce the Iris Scan Authentication feature for Aadhaar-based transactions is Axis Bank. Iris scan technology is entirely contactless. As per a study conducted by the International Centre for Biometric Research, Iris scan technology provides up to 98.2 per cent authentication success rate.

Detailed explanation-3: -By India Today Web Desk: The DCB bank has become the first of its kind to start Aadhaar-based ATM usage facilities wherein a customer can transact using his Aadhaar card details.

Detailed explanation-4: -Customer can complete their KYC at any Axis Bank branch using biometric authentication or by providing physical KYC documents.

Detailed explanation-5: -and empower consumers to avail banking services using only their Aadhaar numbers and biometrics (iris scan/fingerprint scan). The Bank has deployed highly secure iris powered micro ATM tablets which are STQC certified & UIDAI compliant registered devices with completely integrated iris sensors.