- Last updated August 30, 2024
- In AI News
This partnership signifies a pivotal moment in the application of AI within the eKYC process.
Finacus Solutions, a company specialising in banking technology, and pi-labs.ai, a startup focused on AI-powered deepfake detection, have joined forces to develop a new e-KYC (electronic Know Your Customer) solution. This collaboration aims to improve the security of e-KYC by addressing the growing concern of deepfake fraud within the financial industry.
This partnership marks a significant step forward in the e-KYC landscape. The new solution integrates pi-labs.ai’s deepfake detection technology into Finacus Solutions’ existing e-KYC framework.
Addressing the Rise of Deepfake Fraud
The Reserve Bank of India (RBI) has mandated live video for KYC procedures, supplemented by enhanced security measures. However, the emergence of deepfake videos in Video KYC presents a formidable challenge, particularly for credit and loan applications.
This partnership signifies a pivotal moment in the application of artificial intelligence within …