Driven by the need to enhance the security of digital transactions and to help
protect customers’ interests, the Reserve Bank of India (RBI) has issued a
framework for alternative authentication mechanisms.
The framework introduces Additional Factors of Authentication (AFA), which,
according to 1Kosmos, brings a stronger, more secure authentication in play,
such as biometric verification and multi-factor authentication (MFA). The
broader objectives are aimed squarely at improving the customer experience,
promoting digital banking, ensuring regulatory compliance, and balancing
innovation with risk.

1Kosmos provides a ready, state-of-the-art capability to meet the RBI mandate
with a privacy-by-design platform to strengthen authentication with verified
identity, empower individuals to manage their own personal identifiable
information, and provide them convenient, passwordless access to digital
services.
1Kosmos functions as a universal authenticator for legacy apps and provides
multi-factor authentication by default millions of times each day for workers,
customers, and citizens at some of the largest organizations in the world.