Digital Identity Verification for banks/NBFCs in 2026. 'Digital Arrest Scam,' 'mule account detection' crises highlight traditional KYC's failure against deepfakes/synthetic identities. Survival demands advanced 'online KYC verification.'
'Passive Liveness Detection' confirms living humans via biometrics deepfakes can't replicate. Focus: 'Account Opening,' 'Loan Disbursals.' Account opening needs 'Safe Speed': forensic document scans, real-time 'Verify PAN card online,' and 'Video KYC India' (V-CIP) with geo-location/liveness. Discrepancies halt.
Lending combats synthetic identities. 'Bank account verification' (penny drop) confirms legal names, blocking mule accounts. Late 2026 brings 'Continuous Behavioral Verification,' monitoring user activity.
Fraud detection tools integrate via modular APIs. Banks leverage tech/regs as final defense. Passive Liveness Detection thwarts deepfakes. RBI holds banks liable for mule accounts from lax KYC. Penny drop: critical loan fraud prevention.
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