From Compliance to Competitive Advantage: e-KYC Opportunities in Fraud Prevention and Risk Management in Indian Private Banks

With the advent of digital banking, Know Your Customer (KYC) compliance has transfigured from a compliance requirement to an important driver of financial integrity. The implementation of electronic KYC (e-KYC) systems in Indian private sector banks exemplifies how digital identity authentication can fulfill both compliance and strategic purposes. This article suggests a conceptual model to explore how e-KYC programs can move from being compulsory regulatory measures to becoming competitive differentiators through improved fraud prevention and risk management. The research offers a methodological framework using a combination of prior literature and secondary regulatory research sources, with the integration of fraud-risk assessment with digital transformation theory. Although the analysis is still illustrative, the framework presents a systematic method for future empirical testing. The research emphasizes the dual function of e-KYC as compliance and one of innovation and operating efficiency in Indian private banking.

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