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And this was exposed when the Supreme Court of India announced their recent verdict last week in which they struck down Section 57 of the Aadhaar Act, meaning that the private companies and individuals could not avail Aadhaar data to provide consumer services… The verdict has sent waves in the Indian FinTech community, as many of the FinTech players who positioned their offerings around instant KYC, now need to go back to their drawing boards to chalk out a strategy of conducting onboarding without Aadhaar
From The Aadhaar Verdict – Learnings and Takeaways for Indian FinTechs.
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