alt Hacker NewsFYI it turns out that humans are pretty bad at comparing faces to ID documents. Like, really quite bad.
Automated methods, like the ones Revolut use, are significantly more effective at KYC than a Jane Doe working a 9-5 at a bank. In no way is it “tip-toeing around KYC”, and while really unfortunate leaking a selfie is pretty low down on the list of “bad stuff a bank could leak”.
The implication that the solution to this is to somehow convince your direct competitors to do inferior in-person KYC for you is the most ridiculous thing.
>The implication that the solution to this is to somehow convince your direct competitors to do inferior in-person KYC for you is the most ridiculous thing.
People work with their competitors all the time (see Netfix vs Amazon). Whats ridiculuous is the claim that a scammer would prefer to show up physically at a bank and risk being exposed instead of operating remotely.
>leaking a selfie is pretty low down on the list of “bad stuff a bank could leak”.
don't some of them require a selfie while holding legible official documentation?