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I'm not sure why you consider it invasive to confirm your identity to a business partner. A local bank wouldn't give you a bank account without you showing an
by newaccount74 3y ago
I'm not sure why you consider it invasive to confirm your identity to a business partner.
A local bank wouldn't give you a bank account without you showing an id.
Verifying that a business partner is who they claim to be is the most basic first step in fraud prevention.
The passport uploading stuff is just an attempt to verify your identity over the web, since there is no global way to identify yourself digitally. A lot of countries have less invasive ways to confirm your identity. For example, in Austria we have digital signatures with a government app that sou can use to confirm your identity without revealing your passport. However, no global service supports it because it's a local solution.