Fintech startup Intellect launches AI-powered Aadhaar processing solution
Chennai-based financial technology company Intellect Design Arena on Monday announced the launch of Magic Aadhaar, an artificial intelligence (AI)-powered Aadhaar processing solution for companies. The AI solution used to identify, extract, validate, and mask Aadhaar details hyper-digitises the end-to-end processes using Aadhaar-based processing, Intellect Design Arena said in a statement. To ensure that companies are in compliance with the guidelines, Intellect has come up with a comprehensive solution, it said. Magic Aadhaar assesses the quality of input documents and classifies them through contextual identification of Aadhaar numbers from various document types not limited to an Aadhaar card. The processing solution finally masks the Aadhaar number, as needed by regulatory compliance, and seamlessly integrates structured output to target systems, the company said.