> it is more efficient to optimise for conversion rate than to deny valid but incompetent or "unable to provide all the details" consumers. And that's not a bi

> it is more efficient to optimise for conversion rate than to deny valid but incompetent or "unable to provide all the details" consumers. And that's not a big problem even that it is not nice. The problem is when your company lends money to someone that says it's me. And it becomes my problem. Why? The company wants a lot of conversions, so it has a low entrance cost. Then that company should pay for that problem, not unrelated third parties. > Low trust versus high trust society is the thing you need to understand here. For me, that's just one of the reasons. Sweden, for example, is a high trust society. But companies are trying to play fair because they are going to be punished otherwise. Isn't that fair? But, of course, in a society with a lot of corruption, and cheating, and low trust. Companies are going to defend themselves more. As they risk will get more fraudulent transactions that real ones.