Current Affairs · Banking and Finance
In October 2025, Razorpay partnered with a major Indian bank to launch an RBI-compliant biometric authentication system for card payments named Access Control Server (ACS). Consider the following statements regarding it: 1. The new system integrates biometric verification and an AI-driven risk engine to secure transaction authentication. 2. The biometric feature utilizes advanced security that can include fingerprint or facial recognition as per standard configurations. 3. The initiative aligns with the Reserve Bank of India's framework for digital payment security. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only 1
- 21, 2 and 3✓
- 3Only 2 and 3
- 4Only 1 and 2
Correct answer
1, 2 and 3
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