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The big risk for banks is that they need to know who you are and to a certain extent how to reach you if there ever was an investigation into your activities.
by tixocloud 9y ago
The big risk for banks is that they need to know who you are and to a certain extent how to reach you if there ever was an investigation into your activities.
That being said, is there a way for a bank to always contact you? A bank designed for digital nomads would be a very interesting proposition for me given I'm in banking and am looking to discover new models.
- weddpros 9y agoYes, I think KYC is a problem with digital nomadism. All things administrative become a huge burden when you're travelling full-time, rent a furnished house in a tourist location without utility bills, etc. Some banks are already trying to address such needs, like Monese (which I'm also using).