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They're using NetVerify by Jumio for identity verification. I still don't trust any service asking me to scan and send a copy of my passport, and I've yet to h
by thenomad 9y ago
They're using NetVerify by Jumio for identity verification.
I still don't trust any service asking me to scan and send a copy of my passport, and I've yet to hear/read anyone saying "it's OK, you can trust Jumio for BLAH reason".
I'd love to find out they are trustworthy as it seems they're becoming omnipresent.
- richardknop 9y agoThe problem is they are trying to go fully digital. So no branches and stone buildings. But they still need to follow KYC regulations. So how else can they verify your identity digitally, without meeting you in person? I wish there was a better way too btw.
- dbbk 9y agoPretty sure Monzo don't ask for your passport as part of KYC?
- richardknop 9y agoYes they do. Either passport or national ID. Not sure if EU driver's license is enough or not. Plus also you need to take 5 second video of yourself where you say your name.
- dbbk 9y agoOh odd, I don't recall doing any of that. I joined before they got their banking license though.
- thenomad 9y agoI completely understand from their point of view - but unfortunately from my point of view that doesn't really reassure me much.