Fintechs bank on AI liveness tests to reduce AePS frauds

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Fintechs offering Aadhaar-enabled payments (AePS), which have faced multiple fraud attacks through compromised biometrics, are pinning their hopes on an artificial intelligence (AI)-based liveness detection feature launched by the Unique Identification Authority of India (UIDAI).“The software update is happening and should be completed very soon. Once it gets implemented across all biometric…