CBK Rules Force Digital Lenders to Demand ID and Selfie From Borrowers

Digital Credit Providers (DCPs) are now required to ask customers for a valid national ID and a live selfie before accessing loans, following new security requirements from the Central Bank of Kenya (CBK). While some customers view this as an invasion of privacy, DCPs argue that these measures are intended to protect users' identities and prevent fraud. These requirements are part of enhanced Know Your Customer (KYC) procedures mandated by the CBK.