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Finacus Solutions and Pi-labs Launch Deep Fake-Proof eKYC Solution

By: Editorial Desk

by Editorial Desk
September 2, 2024
in BFSI
Reading Time: 1 min read
Finacus Solutions and Pi-labs Launch Deep Fake-Proof eKYC Solution

Finacus Solutions and Pi-labs Launch Deep Fake-Proof eKYC Solution

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Mumbai: Finacus Solutions and pi-labs.ai have collaborated to launch the world’s first deep fake-proof eKYC solution. It is expected to help enhance security in the identity verification process amidst rising deep fake fraud in the financial sector. This initiative represents a critical advancement in the use of artificial intelligence within the eKYC process, setting a new standard for security in financial services.

This innovative solution integrates pi-labs.ai’s advanced deepfake detection technology with Finacus Solutions’ existing eKYC framework, offering protection against AI-driven scams. The collaboration comes at a crucial time, as the Reserve Bank of India (RBI) now mandates live video for KYC, requiring enhanced security measures.

Deepfake videos have posed a significant challenge, particularly in credit and loan applications. Combining AI-driven insights with manual authentication, this partnership introduces a hybrid system that strengthens eKYC integrity and opens the door to greater automation, potentially lowering operational costs.

 

Also Read –
  • Google Pay introduces 6 new features to elevate payment experience for users
Summarize with:
Tags: Deep FakeDeep Fake-Proof eKYC SolutioneKYCFinacus SolutionsFinacus Solutions and Pi-labs Launch Deep Fake Proof eKYC Solutionpi-labs.ai
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