5 ms·

I know it’s nothing to do with the main thrust of the article, but the author fundamentally misrepresents KYC. Know-your-customer is a facet of anti-money laund

• myself248 4y ago
  Perhaps an existing term was co-opted by financial legislation...
  • bornfreddy 4y ago
    Maybe, but not likely. The quoted text fits the common term definition: > The answer, as any product owner will tell you, is to get close to the customer. To talk to them. To understand them. To feel their pain. The {big short}: > Deutsche Bank had a program it called KYC (Know Your Customer), which, while it didn't involve anything so radical as actually knowing their customers, did require them to meet their customers, in person, at least once.