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Corollary: Outsourcing KYC means they learn from you getting stung.
by gcblkjaidfj 6y ago
Corollary: Outsourcing KYC means they learn from you getting stung.
- derefr 6y agoWhich in turn means you benefit from everyone else who's already been stung. KYC solutions' risk:reward ratios start high, but asymptotically approach 0 as the provider learns from its customers' problems. If you're signing up for a well-established one, you're able to free-ride on all the learning that's already been done.
- giovannibonetti 6y agoYou can have your cake and eat it, too: - Start with a third-party KYC solution - Slowly develop your own and compare the results with the one from the provider - When your own solution provides something similar to the other one, you can abort the subscription
- enos_feedler 6y agoSort of like Apple cutting out Intel :P