2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank introduced first Of Its Kind Iris Authentication for Aadhaar-Based Transactions?
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Dena Bank
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Axis Bank
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State Bank of India
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Punjab National Bank
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Explanation:
Detailed explanation-1: -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-2: -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-3: -Customer can complete their KYC at any Axis Bank branch using biometric authentication or by providing physical KYC documents.
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