Banks Enhance Customer Onboarding Security with Video KYC Amidst Fraud Concerns
2 hours agoBusiness
42LENS
1 SourcesRajasthan, India
TBNthebalanced.news
Banks Enhance Customer Onboarding Security with Video KYC Amidst Fraud Concerns

Indian banks are increasingly adopting video KYC for new customer onboarding, moving away from Aadhaar-based eKYC due to rising digital fraud and the misuse of mule accounts. Video KYC offers enhanced security through live interaction, facial biometrics, liveness checks, and document validation, making it harder to impersonate individuals or create synthetic identities. This shift aims to strengthen customer verification processes against fraudulent activities.

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