Other countries do this and manage (Australia, NZ, UK, etc). Companies outsource the KYC to vendors who carry ISO27001 etc and heaps of insurance. No sane IT pe

Other countries do this and manage (Australia, NZ, UK, etc). Companies outsource the KYC to vendors who carry ISO27001 etc and heaps of insurance. No sane IT people would want photos of so much personally sensitive data on their own systems. The tech to do this well is nearly here - combination of ID on Apple/google wallet + decent on-device facial recognition tech and you can hugely reduce the risk profile of KYC.