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But they are verifying customers in person with account creation, this is an online bank
by flyingcoder 3d ago
But they are verifying customers in person with account creation, this is an online bank
- tdrz 3d ago> But they are verifying customers in person with account creation, this is an online bank Revolut could do the same as they do with ATMs: make a partnership with local banks for the verification step.
- orf 3d agoSure, but that would be like insanely stupid on pretty much every level though, so why would they do that?
- tdrz 3d agoFor security reasons, obviously! That way they wouldn't leak selfies because they wouldn't have any.
- basisword 3d agoSending your new/potential customers to your competitor doesn't sound very sensible.
- shakna 3d agoTrying to find a way to tip toe around KYC, whilst keeping their customers safe, has also turned out to only use insanely stupid methods, though. So why did they already do that?
- orf 3d agoFYI 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.
- sillyfluke 3d ago>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?
- orf 3d agoNo, it’s most certainly patently ridiculous. > 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. Of course they wouldn’t prefer to show physically. What does that mean though? Are you saying no scammers showed up physically to banks, therefore banking fraud rates are less? Do you have a source for that? > don't some of them require a selfie while holding legible official documentation? You can of course do KYC as stupidly as you like (zoom calls anyone?) - Revolut (and their providers) obviously separate document presentation from the liveness check (and fyi this is a short video, not a selfie. The selfie they are talking about is just a capture from the video)
- HPsquared 3d agoSeems like a thing you should be able to do at the post office.
- whatevaa 3d agoWhat does post office have to do with identity verification?
- SAI_Peregrinus 3d agoIn the USA they already take passport photos. Being able to receive mail addressed to a name is the closest thing to a national ID the USA has. They're already depended on for identity verification quite a lot.
- LoganDark 3d agoYou can receive mail to any name at your address.
- hvb2 3d agoSome post offices in the US also function as a so called notary public. Basically, they can verify your identity and attest that it's you who sent/did something. This is used quite often for important things that don't have offices themselves.