IFSCA Tests Aadhaar Face Authentication To Enable Seamless NRI Investments Through GIFT City

The International Financial Services Centres Authority (IFSCA) is testing Aadhaar-based unassisted face authentication with four overseas jurisdictions to make cross-border KYC procedures easier for non-resident Indians (NRIs).The initiative is part of IFSCA’s efforts to position Gujarat International Finance Tec-City (GIFT City) as a global wealth management hub, allowing overseas Indians to digitally open accounts and invest without physical documentation.IFSCA Chairman...