The case study talks about the compliance
audit conducted for a financial institution, specifically focusing on the
Authentication User Agency (AUA) and Know Your Customer (KYC) compliance. The
audit aimed to assess the bank's practices related to Aadhaar-based
authentication and customer identity verification. Key aspects of the
compliance audit included:
The compliance audit aimed to identify any areas of non-compliance and recommend corrective actions. Successful compliance would ensure that the bank continued to use Aadhaar data for authentication and KYC processes legally and securely, aligning with UIDAI's objectives of safeguarding Aadhaar data and ensuring its responsible use by authorized entities.