When Neil Armstrong set foot on the moon, he said :
"That's one small step for a man, one giant leap for
mankind."
SMALL STEP by RBI
( Reserve Bank of India )
Today’s Times of India reported
that small step as follows :
In a first, RBI allows KYC process on mobile
video
Extract :
Ø In a move that will
enable banks and fintechs onboard customers remotely, the RBI has amended its
norms to allow the “ Know
Your Customers ( KYC ) “, process to be completed trough a MOBILE VIDEO
CONVERSATION.
Ø The
Central Bank has also facilitated eKYC
and digital KYC by allowing use of Aadhar or
other e-documents in the customer due diligence process
Ø “Non-banks, although
they don’t have access to eKYC, can complete the process by using the physical
Aadhar or the QR code “ , said Naveen Surva, Chairman of Fintech Convergence Council [ info@fintechcouncil.in ]
Ø RBI
said, “ Digital KYC has been defined as capturing live
photo of the customer and officially valid
document or the proof of possession of Aadhar, where OFFLINE
verification cannot be carried out, along with the latitude and longitude of the
location “
Ø NITI
Aayog chief, Amitabh Kant
said in a tweet :
“ Great initiative by RBI
! Circular on video-based
customer identification process will make presence-less and paperless
banking, a reality. The circular is a huge positive step towards Prime Minister
Narendra Modi’s goal of Digital Financial Inclusion “
=========================================================
Early 2018 , while delivering its judgement on Aadhar
case, Supreme Court said :
“ Corporate entities like banks and telecom service providers cannot ask for customers’ Aadhar ID for e-KYC “
That made me send following emails to COAI , DoT , TELCOs and the Supreme Court ,
suggesting that there is nothing
illegal in VOLUNTARY use of Aadhar ID by
anyone for any purpose :
50 Gladiators : 50 million
Spectators ………………………[ 27 Sept 2018 ]
Aadhar Data Delete ? Simple Solution ………………….. [ 30 Sept 2018 ]
Why not an “ Option Plan “ for
users ? ……………………[ 02 Oct 2018 ]
Who will bell the Cat
? ………………………………………………[ 05 Oct 2018 ]
A majority of 21 wins
! ………………………………………………[ 11 Oct 2018 ]
Something is better than
Nothing ! …………………………[ 18 Oct 2018 ]
Mandatory ? NO ! Voluntary ? why NOT ?
…………………[ 17 Dec 2018 ]
========================================================
GIANT LEAP by Indian Government
e = mc^2
electronic = mobile x customer x card = e-KYC
= e-YUP,
where YUP ( Your Unique Profile ) is the Single Unified Identity for Indian Citizen , which will replace ALL Identifying Cards issued by ALL entities to an Indian
Citizen
Cards such as Aadhar – PAN – Ayushman Bharat – Ration – Senior Citizen
– Driving License – Voter ID – Passport etc (- and any other likely to be
introduced under Census – NPR - NCR -
which should be conducted through mobile app YUP –
and not manually )
In my following email to the Policy Makers, I have
conceptualized the process
for issue of e-YUP as follows :
[ source : I
am One , I will become Many / 06
Jan 2020 ]
=================================
Ø Central
Govt to launch an online portal called,
( Single Unified Identity for Indian Citizen )
Ø By
appropriately enacted Law, Central Govt will order all CARD ISSUING AGENCIES to
upload their “ Card Related Databases “ onto SUIIC web server and continue to
do so DAILY for new additions to their databases
Ø SUIIC
will use AI - Machine Learning
- Big Data Analytics etc.,
to merge / collate all kinds of structured / unstructured databases
pertaining to all kinds of Cards / unique IDENTIFIERS, issued by any
entity, to any citizen
These will include Mobile
Service Providers and E Mail
ID providers
Ø This
exercise will lead to creation of UNIQUE PROFILE for each citizen, and named :
YUP ( Your Unique Profile )
YUP ( with unique serial number ) will be that SINGLE CARD which replaces all CARDS
Ø YUP will also be the name of a Mobile
App supported by SUIIC web server
Ø Any
citizen can download the YUP (
absolutely VOLUNTARY ) , open it on his smart phone
, enter his mobile number / E Mail ID and take a SELFIE of his own FACE
Ø The
Mobile App will automatically and instantly, upload the FACE IMAGE onto SUIIC
database and the matching YUP of
that person
Ø SUIIC
will embed into the FACE PHOTO , all data of all the CARDS ever issued to that
person ( using STEGANOGRAPHY ), and send it back to the owner’s mobile phone
Ø Just
under the FACE PHOTO, there will be a DROP LIST of all the Cards / Identifiers
which have been embedded . Touching any item, will reveal the actual Physical
Card
Ø This
will enable that citizen to EDIT his personal data online and click SUBMIT
Ø Anytime
required in future, that citizen can show that YUP photo to any party
Ø There
will be no compulsion for any citizen to use YUP . He may continue using his
Physical Cards, if he so desires
======================================================
This is a very broad “ CONCEPTUAL FRAMEWORK “ – and certainly
not comprehensive by any standard
Eg :
Eg :
Going beyond merging / aggregating / unifying , all existing
physical cards belonging to a person, what about :
Ø Enabling
him to use YUP to create ( for
the first time ), an altogether different card ?
Ø Enabling
a person to create a new Voter Card, upon attaining the age of 18 ?
=======================================================
Dear Shri
RaviShankar Prasadji,
Introduction / launching of Mobile
App YUP , will render all opposition to
CAA – NPR – NCR etc irrelevant
No State , no matter governed by which political party ,
can prevent its citizen to download / use YUP , and generate his / her unique
profile !
If taken, this will be that GIANT LEAP for the Central
Government
With regards,
Hemen parekh
==========================================
===============
11 Jan 2020
hcp@recruitGuru.com