Indian bank to use iris for account opening, transactions
27 January 2017 14:23 GMT

India’s DCB Bank plans to deploy iris recognition devices at branches and mobile branches to enable customers to open accounts and complete transactions through a biometric system linked to their unique Aadhaar numbers.

The plan follows a a pilot programme at around 10 branches in rural or semiurban branches over the past three weeks, processing about 200 accounts, including opening 100 fresh accounts.

“More than 100-crore Indians have Aadhaar. Many customers complain about not receiving the debit cards or PIN. We already have an ATM which does not require debit card or PIN, and can operate with only the person's Aadhaar number. In addition to fingerprint, you can also use iris scan to authenticate a person with Aadhaar,“ Murali M Natrajan, DCB Bank CEO told ET.

For opening an account, a customer only has to share their Aadhaar number, and using an iris scan-enabled phablet, like the one provided by Samsung – using tech provided by Delta ID - the bank will scan their iris.

A bank representative points the camera directly at the person's eyes for about three to five seconds, and the Aadhaar details are retrieved from the Aadhaar database.

“Immediately we can see if the photograph matches with the customer, and address etc, which means that eKYC is done on the spot,“ said Natrajan. DCB Bank also operates nearly 70 Aadhaar-based ATMs in the country , which it had launched last year in June in Bengaluru. The ATMs use fingerprint authentication through Aadhaar instead of ATMdebit card and PIN to dispense cash.

The new bank accounts opened by DCB using iris scans during the pilot were pre-opened, which means once eKYC is done using the iris scan, the bank only takes about a day to map the customer's details to a particular account. Existing customers can also update their Aadhaar number using the iris scan. DCB will gradually roll out the feature to all of its nearly 250 branches across the country within the next six months.