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Around 50 Urban Cooperative Banks from the Hyderabad region attended a workshop organised by NUCFDC and UIDAI to advance Aadhaar-based digital services in cooperative banking.
✦ AI SUMMARY 30-second read
- NUCFDC and UIDAI organised the workshop with support from the Telangana Urban Cooperative Banks Federation.
- Around 50 Urban Cooperative Banks participated, focusing on Aadhaar authentication for customer onboarding and due diligence.
- Participants were also briefed on the use of authentication tokens for more efficient service delivery.
Why it matters: The initiative supports the modernisation of urban cooperative banks through secure, Aadhaar-driven digital tools and streamlined customer services.
This summary was generated by AI. Editors may review and update it.
The National Urban Cooperative Finance and Development Corporation (NUCFDC), in collaboration with the Unique Identification Authority of India (UIDAI) and backed by the Telangana Urban Cooperative Banks Federation, held a workshop in Hyderabad on Monday to advance Aadhaar-based digital capabilities among Urban Cooperative Banks (UCBs).
Around 50 UCBs from the region attended the programme, reflecting growing interest in technology adoption across the cooperative banking sector.
What was covered
The workshop examined how Aadhaar authentication can support seamless customer onboarding and strengthen Customer Due Diligence processes, while enabling banks to deliver secure digital services.
Participants were also introduced to the role of authentication tokens, which allow banks to make better use of authentication responses for more efficient and streamlined operations.
Broader objective
The initiative is aimed at equipping UCBs with secure, inclusive and technology-driven solutions to modernise their banking operations and improve the overall customer experience.
The joint effort by NUCFDC, UIDAI and the Telangana Federation is seen as a further step towards accelerating digital transformation within the urban cooperative banking sector.