Sunny Leone raised this issue few months back, “This just happened to me. INSANE. Some idiot used my Pan to take a 2000 RS loan and Fu***d my CIBIL score.”
How does a Fintech / Lender avoid this security threat?
We can do the “face match” in the borrower onboarding journey.
It’s simple stuff, but I don’t see it in most digital lending apps today.
Any other suggestions, please feel free to add them here.