The International Financial Services Centres Authority is testing Aadhaar-based face authentication to simplify cross-border know-your-customer procedures for non-resident Indians. This initiative aims to facilitate easier investments for overseas Indians.

The authority is working with four overseas jurisdictions to implement this system, which is part of its efforts to establish a global wealth management hub.

Non-resident Indians with an Aadhaar footprint will be able to complete their onboarding process digitally without external assistance, according to the authority's chairman. Further details about this initiative are available from the source.