4 ms·
Is this sarcasm? Most banks don't write software, and the third-party software isn't that great. I don't want my bank involved in this at all.
by clintonb 2y ago
Is this sarcasm? Most banks don't write software, and the third-party software isn't that great. I don't want my bank involved in this at all.
- cowboylowrez 2y agoI pay for a vps with a credit card, isn't this essentially the banking system doing the same thing?
- clintonb 2y agoNo. That's payment, not KYC (identity verification).
- rsync 2y agoI think my point was unclear ... What I am saying is, there is no reason for other firms to perform KYC because it is totally redundant. The banks already have to do it and they have a better view of the transaction flow anyway. Any KYC that your ISP might do would be both redundant and inferior to what your bank is already doing. It is a waste of resources - and a drag on smaller businesses - to do this work twice.