Zerodha CEO Nithin Kamath has an ‘AI warning’ for banks and financial institutions

Zerodha co-founder and CEO Nithin Kamath posted a video to highlight the growing threat posed by Artificial Intelligence (AI). In the video, Kamath’s deepfake speaks about the difficulty that banks and other financial institutions may face in verifying customer identities. “As the deepfakes improve, I think it will only become harder over time to validate if the person on the other side is real or AI-generated. This problem will be bigger for banks that have more stringent regulatory requirements during onboarding,” Kamath said in the minute-long video clip.

There’s also a post accompanying the video, tals about the dangers that the rise of AI technology and deepfakes pose for the financial services industry.