Intellect Design aims to smoothen process of masking Aadhaar details; launches Magical Aadhaar platform

Intellect Design Arena, a multi-product FinTech company has recently launched ‘Magic Aadhaar’, an AI-powered comprehensive Aadhaar processing solution for the purpose of identifying, extracting, validating, and masking Aadhaar details.   

Magic Aadhaar hyper-digitises the end-to-end processes, using Aadhaar-based processing. An individual is always concerned with the security and confidentiality of customer PII-specific information while interacting with external entities like financial institutions, telecom companies, healthcare, and government entities. These companies have been issued directions by the regulatory bodies and Supreme Court regarding the storage of copies of Aadhaar card while carrying out onboarding processes. Intellect has developed a built-in comprehensive solution for end-to-end compliance and also, to ensure that these companies are compliant with the guidelines/directives issued.   

 Magic Aadhaar is capable of processing over 500 document types in 87 per cent less time with a 98 per cent accuracy rate. The Aadhaar pattern is identified across documents in a contextual way. The Magic Aadhaar solution further masks the first 8 digits of the Aadhaar number, leaving the last 4 digits open. It is capable to run as a real-time API or in bulk processing mode on the stored documents. The key highlights of this product can be identified as highly accurate, highly scalable, API-ready solution, and regulatory compliant.   

Intellect Design Arena is engaged in the business of software development and providing software product licence and related services. It serves as the world’s leading financial and insurance clients with its future-ready solutions.   

On Tuesday, the share of Intellect Design Arena was trading 1.65 per cent up at Rs 474.95 on BSE.