Zerodha CEO has ‘AI warning’ for banks, financial institutions

Zerodha CEO Nithin Kamath warns about the growing threat of deepfakes and AI-generated content in the financial services industry. Kamath highlights the challenge faced by banks and institutions in verifying customer identities due to the increasing sophistication of deepfakes. As deepfakes improve, it becomes harder to validate if a person is real or AI-generated. This poses a bigger problem for banks with stricter regulatory requirements. The rise of deepfakes may necessitate a reevaluation of regulations and potentially impact the digital onboarding process.