# How Aadhaar's Massive ID Project Could Transform The Indian Banking Industry

1 July 26, 2012 Stern in the News ![Fast Company logo](/sites/default/files/styles/246w/public/assets/images/uat_026723.jpg?itok=PGORMP3v)>

Excerpt from [Fast Company](http://www.fastcompany.com/1843144/aadhaar-banking) -- "'Like any two-sided network, once you have more people, more applications, UID becomes more valuable,' [Sundararajan](http://www.stern.nyu.edu/faculty/bio/arun-sundararajan) says. With a critical mass of Indians on board (Sundararajan unofficially estimates we’ll hit this hypothetical mark in about six months from now) services of various kinds, beginning with the financial sector, have an opportunity to plug into what is a largely open, sharable Aadhaar platform and roll out new kinds of services."

[Read more](http://www.fastcompany.com/1843144/aadhaar-banking)