A CAL Project Report

on

E-Pension System

to be submitted in partial fulfillment of the requirements for the course on

E-Governance – SWE1012

(G2)

by

MEIGNANA VIGNESH D 22MIS0364

DARRIN BRIGHT 22MIS0397

HARIHARAN M 22MIS0405

RAVANTH S 22MIS0409
 Winter Semester 2020-2021

TABLE OF CONTENTS

ABSTRACT
1. Introduction.................................................................................................01
2. Analysis on Existing Systems.....................................................................02
3. Literature Review....................................................................................... 04
4. Problem Specification……….……………………………………………08
5. Requirement Gathering……….…………………………………………..09
6. Proposed System Architecture….………………………………………...11
7. Module Description………………………………………………………12
8. Implementation……………….…………………………………………..14
9. Results and Discussion……….………………………………………….15
10. Conclusion……………………………………………………………….20
11. References………………………………………………………………..21
 LIST OF FIGURES

Figure No Name of the Figure Page no

1.1 Jeevan Pramaan 7

2.1 System Architecture 11
3.1 Login Page 15
3.2 Home Page 15
3.3 Facial Recognition 16
3.4 Account Page 16
3.5 Payment 17
3.6 About page 17
3.7 Contact us page 18
 ABSTRACT

The traditional pension distribution systems are undergoing significant changes to adapt to the
digital era. In pension disbursement, pensioners undergo a real-time facial detection scan for
identity authentication using OpenCV and DeepFace algorithm, acting as a robust deterrent
against identity fraud and adding an extra layer of security to the pension system.

This not only streamlines the payment process but also reduces administrative overhead and
enhances overall efficiency. The user interface of the E-Pension System is designed with the
end-user in mind, using HTML, CSS, and JavaScript for development. Intuitive design and clear
instructions guide pensioners, ensuring a user-friendly experience. Administrators benefit from
real-time transaction monitoring, gaining insights into pension disbursements and receiving
alerts for any suspicious activities, allowing for swift intervention.

Importantly, the E-Pension System places a high priority on data privacy and security, adhering
to stringent standards and protocols to safeguard pensioners' sensitive information. This
E-Pension System represents a forward-thinking approach to modernizing pension management.
It effectively addresses identity verification challenges, improves efficiency in disbursement
processes, and contributes to a transparent and secure digital environment for pensioners in the
contemporary era.
1. INTRODUCTION

The E-Pension System has revolutionized pension management, offering a streamlined approach
to ensuring retirees receive their benefits efficiently. Leveraging cutting-edge facial recognition
technology, specifically the DeepFace algorithm, our system enhances security and user
experience. Complemented by a user-friendly web interface developed using HTML, CSS, and
JavaScript, our system aims to simplify pension administration while ensuring data accuracy and
security.

Facial recognition technology has emerged as a powerful tool in identity verification, offering a
convenient and secure method for pensioners to access their benefits. The DeepFace algorithm,
known for its high accuracy in facial recognition tasks, forms the backbone of our system's
biometric authentication process. By capturing and analyzing unique facial features, DeepFace
enables swift and accurate identification, minimizing the risk of identity fraud.

In addition to the advanced technology driving our system, we have prioritized user experience
in the design of the E-Pension System. Users can easily navigate the system, view their pension
details, and initiate transactions with ease, enhancing their overall experience.

This report explores the implementation of facial recognition technology in the E-Pension
System, highlighting the benefits it offers in terms of security, efficiency, and user satisfaction.
We delve into the technical aspects of integrating the DeepFace algorithm and developing the
web interface, showcasing how these components combine to create a seamless and secure
pension management solution.

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2. ANALYSIS ON EXISTING SYSTEMS

Introduction

E-pension systems are critical for ensuring that pensions are disbursed efficiently and
transparently. Facial recognition technology, as integrated into systems like Jeevan Pramaan,
enhances security and streamlines authentication processes. This analysis examines the features,
functionality, user experience, and challenges of such systems. Jeevan Pramaan is a prominent
E-Pension system that uses facial technology for authentication. It provides a secure and efficient
method for pensioners to verify their identity using facial recognition, eliminating the need for
physical presence.

Fig 1.1

Features and Functionality

The primary feature of Jeevan Pramaan is its use of facial recognition for authentication. This
allows pensioners to verify their identity remotely, enhancing convenience and accessibility. The
system also offers automated pension application and disbursement processes, improving
efficiency. Additionally, Jeevan Pramaan provides robust data management capabilities, ensuring

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that pensioner data is handled efficiently and securely.

User Experience

Users of Jeevan Pramaan generally report a positive experience. Facial recognition technology
has significantly reduced the time and effort required for authentication, making the process
more convenient for pensioners. However, some users have expressed concerns about privacy
and data security, particularly regarding the storage of facial data. Addressing these concerns is
crucial for ensuring continued user trust and satisfaction.

Technical Implementation

Jeevan Pramaan's technical architecture includes the integration of facial recognition technology,
which requires robust data processing and storage capabilities. The system must also comply
with data protection regulations to ensure the security and privacy of user data. Additionally,
continuous technological advancement is necessary to keep pace with evolving security threats
and maintain the system's effectiveness.

Security and Privacy

While facial recognition technology enhances security by reducing the risk of fraud, it also raises
concerns about data privacy. Jeevan Pramaan must implement stringent security measures to
protect facial data and prevent unauthorized access. Ensuring that the system complies with data
protection regulations is essential for maintaining user trust and confidence.

Challenges and Limitations

One of the main challenges faced by systems like Jeevan Pramaan is the need for continuous
technological advancement to stay ahead of fraudsters. Additionally, ensuring the privacy and
security of user data remains a significant concern. Addressing these challenges requires ongoing
investment in technology and robust security measures.

Conclusion

E-pension systems like Jeevan Pramaan demonstrate the potential of facial recognition
technology in enhancing security and efficiency. However, addressing privacy concerns and

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 staying abreast of technological advancements are crucial for the continued success of such
systems. By implementing robust security measures and addressing user concerns, Jeevan
Pramaan can continue to provide a secure and efficient authentication solution for pensioners.

Components:

Hardware:

Mobile phone: The Jeevan Pramaan app utilizes the front-facing camera of a user's Android
phone to capture their facial image. The camera quality plays a crucial role in accuracy, so a
phone with a decent resolution and good low-light performance is recommended.

Optional biometric device: While the app itself uses the phone's camera, some users might opt
for an external biometric device for fingerprint or iris scanning. These devices connect to the
phone via USB or Bluetooth and provide an alternative authentication method.

Software:

Jeevan Pramaan app: This Android app acts as the interface for user interaction and data capture.
It includes the facial recognition algorithm that analyzes the captured image and compares it to
the user's Aadhaar data.

Aadhaar database: The Aadhaar database stores the enrolled user's facial image along with other
demographic information. This database is securely accessed by the Jeevan Pramaan app during
authentication.

Facial recognition algorithm: The core of the system is the facial recognition algorithm
embedded within the Jeevan Pramaan app. This algorithm employs complex image processing
and machine learning techniques to extract facial features, create a unique identifier, and
compare it to the stored image in the Aadhaar database.

3. LITERATURE REVIEW

1. This study examines the E-pension service offered by Myanma Economic Bank (MEB) and
assesses pensioners' perceptions of this service. Through primary data collected from 90 pensioners
using MEB's ATM card in Yangon Branch (6) and North Okkalapa Branch in Yangon, gathered via

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 a structured questionnaire and simple random sampling, the study utilizes the Technology
Acceptance Model (TAM) as its main theoretical framework. The TAM factors—perceived
usefulness, ease of use, service reliability, and trust level in the E-pension service—are identified
as key influencers on pensioners' perception of the service. Results highlight the significance of
perceived usefulness, ease of use, reliability, and trust in shaping pensioners' attitudes and
intentions to use MEB's E-pension service. Correlation analysis underscores the importance of
reliability and trust in influencing pensioners' perceptions. Recommendations include MEB's focus
on maintaining service reliability, enhancing trust in the system's security, expanding its network to
reach rural pensioners, and providing top-notch service to ensure infrastructure security.

2. This study aims to examine the progress of digitization and the adoption of new technologies in the
public sector of Ukraine in recent years. Beginning in 2015, reforms were initiated, leading to
positive outcomes such as the increased computerization of the public sector. Examples of this
progress include the e-pension project, enabling electronic pension application submissions, and
the recognition of electronic passports in smartphone applications as valid identity documents.
Over the past six years, Ukraine's computerization strategy has evolved to adapt to economic and
political changes. While some reforms have been successful, others have faced public skepticism
or failed to meet expectations. Ukraine has been implementing its e-state strategy, known as "a
State in a smartphone," for two years, requiring significant work in public administration and
legislative changes. The success of digitization efforts depends not only on citizen support but also
on ensuring the security of information technologies, as controversies regarding the protection of
citizens' personal data have emerged with the introduction of state-owned applications for public
services.

3. The term e-government, which was relatively obscure a decade ago, has since experienced
significant growth as both an identified activity and a research topic. Despite the considerable
expansion in research on e-government, Heeks and Bailur (2007) criticize its current state,
highlighting its perceived deficiencies in philosophy, theory, methodology, and practice. They
suggest that e-government research often exhibits a "generic" profile inherited from information
systems and public administration. Despite these criticisms, the field continues to evolve, with new
research emerging regularly. This paper represents a small contribution to the ongoing efforts in

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 this area. The study first provides an overview and current analysis of e-government in selected
Central and East European (CEE) countries, followed by a specific analysis of e-government in
Croatia.

4. This study examines customer attitudes towards ATM services provided by Myanma Economic
Bank (MEB). Using a descriptive research method, the study collected data from 170 ATM card
users in Kyauktada Township, Yangon. The findings suggest that perceived ease of use, perceived
usefulness, and perceived accessibility positively influence customer attitudes, while perceived
security also plays a role. Based on these findings, the study recommends that MEB focus on
improving perceived usefulness by introducing utility payment systems, enhancing accessibility by
increasing the number of ATM machines, and addressing security concerns through measures such
as deploying security guards and sending alert messages.

5. The study addresses challenges faced by advanced economies in the 21st century, such as ageing
populations, low employment rates, and fiscal stress. It focuses on social security reform,
particularly transitions from unfunded to private or fully funded retirement finance systems. The
paper introduces a quantitative framework for evaluating social and labor market policies,
including pension systems, and integrates the ageing transition into the analysis. It proposes a
workers' 'Backpack' (BP) as an alternative to unfunded PAYG systems, showing that the BP
outperforms and dominates other systems in terms of efficiency and welfare.

6. Africa's population was estimated at 1.42 billion by December 2022, accounting for nearly 17
percent of the global population and making it the second-largest continent after Asia in both size
and population. The United Nations projects that sub-Saharan Africa's population is growing three
times faster than the global average and is expected to surpass Asia by 2070. This rapid population
growth reflects Africa's demographic transition, characterized by declining mortality and birth
rates, though the latter remains relatively high compared to global standards. How Africa manages
this demographic transition will determine whether it becomes a dividend or a disaster. Careful
planning is essential, including a detailed examination of labor market dynamics and financial
inclusion, which could potentially limit the maximization of benefits.

7. This paper introduces a method for online handwritten character recognition on handheld devices,

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 focusing on Sinhala alphabetic characters. The approach utilizes a Non-Deterministic Finite
Automaton (NFA) and XML character pattern profiles to model characters as sequences of
directional states under a hierarchical XML tag structure. The NFA helps construct valid Sinhala
character combinations and determine pattern search alternatives. The system achieves a 90%
recognition rate for discretely written Sinhala characters by incorporating accuracy improvement
and failure analysis models, as well as user-specific customizations on character pattern profiles.

8. The article discusses how Ukraine's image is shaped by modern information processes, digital
transformation, and e-governance. It notes a shift in Ukraine's image after the 2022 war with
Russia, highlighting a struggle in the information space. The "Courage" campaign is cited as an
example of Ukraine's efforts to boost morale and gain international support. Criteria for Ukraine's
image formation include independence, tolerance, and economic competitiveness. The Ministry of
Digital Transformation's role in modernization and e-governance is noted for improving public
services and fostering information democracy, enhancing Ukraine's international image.

9. This chapter examines pension provision for elderly individuals in India, focusing on those
disadvantaged by gender, caste, religion, and class. It draws on a 2016 study by the Centre for
Equity Studies in Rajasthan and Gujarat, as well as public data and secondary sources. The chapter
categorizes pensions in India into three types based on contribution responsibility: fully publicly
funded, non-contributory pensions; co-contributory pensions with partial beneficiary contributions,
and pensions entirely funded by beneficiaries. It discusses exclusion from pensions, the
consequences of exclusion, and lists best practices and recommendations for public pensions in
India.

10. This article discusses how legislation in Slovenia and other countries, aiming to reduce
financial risks for pension fund members, can limit portfolio diversification. Through a case study
using data from Slovenian pension funds, the article shows that matching investments to liabilities
can mitigate risks and even hedge against them. It argues that with effective risk measurement,
management practices, and stress testing, excessive legislative restrictions on investments are
unnecessary and can hinder diversification and risk management.

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5. PROBLEM SPECIFICATION

Background
The current way of the pension system relies on a fingerprint biometrics system for authentication
which is unreliable and inconvenient to most pensioners nowadays. Issues like multiple attempts
for recognition due to moisture or such things have led to frustration among many users.

Problem Statement
The primary problem with the current fingerprint biometric authentication method is that it is
inefficient and unreliable. This often makes it difficult for pensioners to access their pension
accounts especially when there are problems in authenticating them, resulting in delays in
receiving their pensions.

Objectives
1. Implement a facial recognition system to replace the current fingerprint biometrics for
authentication, providing a more reliable and convenient authentication method.
2. Improve the accuracy and efficiency of the authentication method to lessen the need for
more than one authentication attempt.
3. Enhance the overall user experience by offering a continuing and user-friendly
authentication procedure for pensioners.

Scope
The project will be a web-based e-pension system that integrates facial recognition technology for
reality. The plan will include the following:
- Account registration: Pensioners can register their accounts using their details and face scan
seeking verification.
- Pension Disbursement: Once approved, pensioners can access their pension accounts to
check and manage their pension contributions.
- Account Management: Pensioners can update their personal information and manage their
accounts more efficiently.

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 Stakeholders
- Pensioners: Users of the scheme who would benefit from a reliable and convenient
authenticating process.
- Administrators: System administrators to manage user accounts and system configuration,
ensuring proper functioning.
- Developers: Those who are involved in the development and maintenance of the e-pension
system, to ensure its security and effective functioning.

Constraints
- Budget: The project must be completed within the allotted budget, considering the expenses
of improvement, implementation, and preservation.
- Time: The project timeline is restrained, and timely completion is crucial to fulfill the
desires of pensioners.
- Technology: The system ought to be compatible with existing hardware and software
program infrastructure, ensuring seamless integration and operation.

6. REQUIREMENT GATHERING

Requirement gathering in e-Pension systems incorporating facial recognition technology covers a

variety of active, passive, regulatory, and integration processes The system should facilitate user
registration, and enable individuals to register for pension benefits using personal information
such as name, address, contact information, and pension ID. Integrating facial recognition
technology into the registration process enables secure authentication. In addition, the system
should be able to electronically submit pension applications with supporting documents to users,
with facial recognition to ensure that applicants are identified during submission.

Once approved, the system must calculate pension benefits based on predetermined factors and
distribute payments electronically to verified bank accounts. Here, facial recognition can
increase security when making pension transfers. Operationally, the system must provide
administrators with tools to manage user accounts, manage applications, and monitor system
activity. Access to facial recognition records and audit trails is essential for maintaining security
and complying with regulations.

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Non-functional requirements focus on security, accuracy, reliability, scalability, functionality, and
accessibility. Ensuring compliance with industry standards for data security and privacy, such as
the storage of biometric data, is of utmost importance. Facial recognition should be highly
accurate and reliable in identifying individuals in different situations. Scalability is essential to
accommodate a growing user base and application volume without sacrificing functionality.
Usability considerations include user-friendliness and clear instructions on facial recognition
techniques to ensure that they are accessible to all users, including those who have a physical
disability.

Regulatory and compliance requirements necessitate adherence to records protection rules and
pension-associated regulations. Integration requirements contain seamless interaction with
present authorities databases for identity verification and banking structures for charge
processing. Compatibility with multiple gadgets and systems ensures accessibility and usability
across diverse user demographics. Performance requirements dictate actual-time responses at
some point of authentication, perfect device response times, and the ability to deal with top
masses efficiently.

By comprehensively amassing those requirements, stakeholders can ensure the hit development
and implementation of an e-pension system with facial popularity technology. Such a device
complements security, efficiency, and user-friendliness in pension management, ultimately
reaping benefits for pensioners and administrators alike.

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7. PROPOSED SYSTEM ARCHITECTURE

Fig 2.1 System Architecture

1. Frontend: The frontend of the E-Pension System is built using HTML, CSS, and
JavaScript. It provides a user-friendly interface for pensioners to interact with the system. This
interface includes features such as login, account details, payment details, pension details, etc.

2. Backend: The backend of the system is implemented using Django, a high-level Python
web framework. Django handles the business logic of the application, including user
authentication, database operations, and communication with the facial recognition service.

3. Facial Recognition: This module is responsible for detecting the user's face using the
DeepFace algorithm and matching it with the image submitted by the user. It communicates with
the backend to validate the image of the user and proceed further.

4. Database: This uses a SQL database and stores the users' details such as their account
details, personal details, pension records, and facial recognition data. This module is accessed by
the backend to retrieve and update any information.

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8. MODULE DESCRIPTION

Face Matcher module:

The Pensioner Face Matcher module is designed to identify and match faces in images with a
preloaded reference image database specifically tailored for pensioners. This module primarily
serves the purpose of identity verification or recognition, commonly used in pension disbursement
systems, or any scenario where confirming the identity of pensioners is crucial.

This module is designed to detect and match faces present in target images with a preloaded
database of reference images containing pensioners' faces. Its primary objective is to automate the
identification process, enabling seamless verification of pensioners' identities. By leveraging
advanced face detection algorithms and techniques, the module aims to accurately locate and
recognize pensioners' faces, thereby contributing to the efficiency and security of pension-related
systems.

Face Detection utilizes advanced face detection algorithms (OpenCV) to locate human faces within
images or video frames. These algorithms are trained on large datasets to detect facial features and
patterns robustly. Additionally, image processing techniques may be employed to enhance the
quality and clarity of input images, improving the accuracy of face detection and matching.

This was constructed to seamlessly help the pensioners to verify their identity. The module
maintains a reference image database containing facial images of registered pensioners. These
images are securely stored and indexed for efficient retrieval during the matching process. This
captures the real-time image and compares it with the reference image. This algorithm for face
detection is constructed using a deep face algorithm. This was constructed to seamlessly help the
pensioners verify their identity

This module was integrated with the Django framework for my project using the views
methodology.

Payment:

The payment gateway module tailored for pensioners was crafted to facilitate seamless financial
transactions within pension systems, specifically catering to the needs of pensioners. This module
addresses the necessity for a secure, user-friendly payment mechanism tailored to the unique

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requirements and demographics of pension beneficiaries. Its development is pivotal in ensuring
timely and efficient disbursement of pension funds, and welfare for pensioners.

The module employs a combination of secure payment protocols, encryption techniques, and API
integration with Razorpay's payment gateway services. This entails establishing secure
communication channels between pension systems and Razorpay servers, implementing
tokenization for sensitive data, and adhering to industry-standard security practices to safeguard
pensioners' financial transactions.

The module is implemented using modern web development technologies, with backend
functionalities powered by languages like Python and Django and frontend interfaces designed
using HTML, CSS, and JavaScript frameworks. Integration with Razor Pay is facilitated through
their API, leveraging secure authentication mechanisms and encrypted communication protocols.
Considerations during implementation include adherence to PCI DSS compliance standards and
scalability to handle varying transaction volumes.

This module was integrated with the Django framework using the views methodology

Register:

The Register Page module is designed to facilitate the registration of pensioners by sending a
one-time password (OTP) message to their registered mobile numbers for verification. It prompts
users to input their details, including personal information to establish their identity and enable
pension payments. Through a user-friendly interface, the module guides pensioners through the
registration process, ensuring a smooth and efficient experience.

The module employs a robust authentication mechanism by generating and sending OTP messages
to pensioners' registered mobile numbers. Upon receiving the OTP, pensioners are prompted to enter
it on the registration page to verify their identity.

The module is implemented using web development technologies such as HTML, CSS, and
JavaScript for the user interface. Server-side scripting languages Python and Django are used to
handle form submissions and process registration requests. Integration with a fast2SMS API enables
the generation and delivery of OTP messages to pensioners' mobile numbers.

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 By employing secure authentication mechanisms and user-friendly interfaces, the module ensures
accurate and efficient onboarding of pensioners Continued refinement and enhancement of the
module will further contribute to the effectiveness and reliability of pensioner registration processes.

9. IMPLEMENTATION
The user-friendly interface of the E-pension System with facial recognition is designed using
HTML, CSS & JavaScipt. Advanced hovering effects, transitions, and animations were
implemented to enhance the user experience of the pensioners.

The backend is done using Django which is a high-end Python web framework known for
simplifying web application development. It offers a "battery conserved" approach, giving
developers the gear and resources to build complex web applications faster. Key features include
an object-relationship mapping (ORM) mechanism for database interactions, an integrated admin
interface for object management, an efficient URL routing system, a template engine for creating
web web pages, and combat against unique threats It also has strong security features such as as
SQL injection and move-website online scripting. Its flexibility, scalability, and thorough
documentation make it popular among developers.

SQL database is used for storing the pensioners' data, pension form, payment details, and facial data
and while retrieving data, it connects with the backend making the retrieval of data easier. SQL is
the primary programming language for manipulating and manipulating relational databases. It
allows users to query and retrieve data, insert and replace facts, and configure and configure the
layout of databases.

The DeepFace algorithm is used for facial recognition. DeepFace, the state-of-the-art facial deep
learning platform, has been developed by Facebook’s AI research team. DeepFace has received
considerable attention for its high accuracy and robustness in facial verification and operator
recognition The system is based on a convolutional neural network (CNN) architecture, a
particularly effective deep learning model for image recognition services Designed to match known
faces to database to recognize a person or face if two faces belong to the same object.

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10. RESULTS AND DISCUSSION

Fig 3.1 Login Page

Fig 3.2 Home Page

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Fig 3.3 Facial Recognition

Fig 3.4 Account page

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Fig 3.5 Payment page

Fig 3.6 About page

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 Fig 3.7 Contact page

The above screenshots show a gist of the working of our E-pension system with facial recognition.
Once the user login/ signup to their account, the home page opens as shown in Fig 3.2. It triggers
the facial recognition page and detects the face. Once it detects the face, it compares it with the
image that was uploaded to the register page. If it both matches, then the user can further continue
to access their account as shown in Fig 3.3.

DeepFace has shown better performance and proved to be efficient as shown in Fig 3.3 in terms of
recognizing the user compared to the traditional fingerprint system which is not reliable and not
efficient.

The user can enter their personal details on the account page as shown in Fig 3.4. The pension
payment is done using Razorpay which can be seen Fig 3.5. If the users have any more doubts
regarding any of the processes, they can reach us through any of the methods as shown in Fig 3.7.

The implementation of facial recognition technology in pension systems has yielded several
noteworthy results:

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- Enhanced Security: By offering a robust authentication mechanism, facial recognition has
reinforced the safety of pension structures.
- Improved Efficiency: Automation of authentication processes has resulted in significant
improvements in the efficiency of pension systems, reducing transaction times and administrative
overheads.
- Increased Accessibility: Facial recognition technology has made pension services more
accessible to a wider demographic, eliminating barriers to access.
- Positive User Experience: Beneficiaries report a high level of satisfaction with the use of
facial recognition technology in pension systems, contributing to a positive user experience.

Facial recognition can enhance pension systems with secure and user-friendly identity verification
methods. However, certain challenges and considerations arise. Privacy is a primary concern,
raising questions regarding data collection, storage, usage, accessibility, and security. Clear
regulations are crucial to ensure responsible utilization of facial data, safeguarding privacy rights.

Algorithmic Fairness: Facial recognition systems often show bias towards specific groups. This can
create unfairness and discrimination. To prevent this, facial recognition algorithms should be
regularly checked for bias, and any issues should be fixed. Facial recognition systems can be
hacked, which could threaten pension systems' security. Strong cybersecurity measures are needed
to protect facial data and keep the system safe.

To get the most out of facial recognition technology in pension plans, it is important to have clear
rules and regulations governing its use. Additionally, it is important to implement robust monitoring
and control systems to ensure ethical and responsible use of the technology. It is important to use
facial recognition technology that respects the privacy and rights of individuals, avoiding any
actions that may violate or abuse personal information By complying with these principles, pension
schemes can effectively use facial recognition technology to improve safety and efficiency while
adhering to ethical standards. By doing all of these things, we can tap into the benefits of facial
recognition technology while making sure it's used responsibly and without any major issues.

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11. CONCLUSION

In summary, successfully integrating facial recognition technology into pension planning requires a
comprehensive approach that considers a variety of factors. First, clear rules and regulations must
be established to govern the use of technology, ensure compliance with legal requirements, and
protect individual rights. This includes obtaining consent from pensioners to collect and process
facial data.

Second, careful business practices are needed to ensure the appropriate use of facial recognition
technology. This includes a comprehensive risk assessment to identify potential vulnerabilities and
the implementation of mitigation measures. Additionally, the system should be regularly audited
and evaluated for effectiveness and compliance.

Third, unwavering ethical standards are needed to guide the use of facial recognition technology in
pension schemes. It prioritizes privacy and data security, ensuring that facial data is securely stored
and used only for its intended purpose. Transparency is also key, with clear communication about
how technology is used and measures taken to protect individual rights.

Implementing a robust monitoring system is another important step for successful integration. This
includes real-time monitoring of system performance, as well as regular audits and audits to
immediately identify and address any potential issues in addition to the transparent complaints
process and ensure compliance with the technology respect or account for any misuse

Overall, facial recognition technology can be used to enhance security in pension schemes by taking
a holistic approach by adhering to these principles.

12. REFERENCES

[1] Khin Sandar Win, EMBF II - 23, EMBF 6th Batch, 2018-2019,

PERCEPTION OF PENSIONERS ON E-PENSION SERVICE OF MYANMA

ECONOMIC BANK

[2] Hlib Filipchuk, Digital transformation in Ukraine, Ubezpieczenia Społeczne. Teoria i praktyka

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nr 4/2021

[3] JURICA ŠIMURINA, Faculty of Economics and Business University of Zagreb,

DOMAGOJ HRUŠKA Faculty of Economics and Business University of Zagreb, MILIVOJ

MARKOVIĆ Faculty of Economics and Business University of Zagreb

[4] Ei Khaing Zar Nwe, Roll No. MBF - 13, MBF- Day 1st Batch, 2017-2019, Yangon

University of Economics

[5] João Brogueira de Sousa, Julián Díaz-Saavedra, Ramon Marimon, A Worker's Backpack

as an alternative to PAYG pension systems

[6] Dr. Alfred Ouma Shem, Head of Secretariat, Leonard Apiyo Audi, Member,Charles Machira,

Interim Chair,African Pension Supervisors Association

[7] Behavior-based Cognitive Architecture for Meditative E-Learning,Hiran Ekanayake,

Damitha D karunaratna, K.P.Hewagamage

[8] The Image of Ukraine in the International Arena in the Minds of the Current Processes of

Digital Transformation and e-Government,Anna Rudnieva1,Yuliia Malovana2

[9] Public Pension Provisioning for Old Persons in India, Kinjal Sampat,Harsh Mander

[10] Pension Funds, the Requirement of Providing the Minimum Guaranteed Return and

Excessive Legislative Restrictions of Pension Fund Investments, Tanja Markovič Hribernik, Igor

Jakopanec

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