Finance
Mr. BillionhairIndian Banks Make a Bold Move with Video KYC—Fraud Beware!
Folks, Indian banks are making moves—big moves! Digital fraud? Not on my watch! They’re tossing out the old Aadhaar and going full throttle with video KYC! Live checks, facial recognition—it's like Fort Knox! You want to impersonate? Good luck! This is how you keep those mule accounts in check. Believe me, it’s going to be tremendous!
few days ago | Amit Kumar
Quick rundown
1.Video KYC is replacing Aadhaar eKYC in India due to rising fraud.
2.Mule accounts are a major concern prompting this shift.
3.Video KYC involves live interaction and multiple security layers.
4.AI-led video KYC can complete checks in under three minutes.
5.Banks aim to strengthen controls without branch visits.
