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You find it to be a negative that banks require identity verification to drain an account? Personally, I would refuse to keep my money with a bank that doesn’t
by IAmGraydon 5mo ago
You find it to be a negative that banks require identity verification to drain an account? Personally, I would refuse to keep my money with a bank that doesn’t do this.
- iririririr 5mo agomost banks using faceid won't accept you go to a branch. because they contract with a provider who makes more money from building and selling a database than to fulfilling the contract with the banks.
- rockskon 4mo agoDo you have proof of this? This comes off as conjecture.
- iririririr 4mo agoask you ai chatbot or do 5second google search. all banks contract with fly-by-night faceid providers who have zero oversight or provide no governance info anywhere.
- rockskon 4mo agoI did Google this. It seems to be a small number of banks doing this right now. A far cry from "all banks". Maybe we'll get there eventually? But you should be more wary about making such absolute claims.
- iririririr 4mo ago"all banks doing faceid", which yes, is a small number in usa, but almost all banks in Latin America and Asia.
- drivebyhooting 5mo agoThe relationship was established decades ago and they accept money and direct deposit still with no KYC. But to get the money out? Oh no! We need a picture of your face! And there’s no option for going in person.
- ethmarks 4mo ago> they accept money and direct deposit still with no KYC. But to get the money out? Oh no! We need a picture of your face! Unauthorized deposits aren't nearly as much of a concern as unauthorized withdrawals, right? I'd imagine that there are far fewer malicious actors that try to deposit money into random bank accounts than there are ones that try to withdraw money from random bank accounts. > And there’s no option for going in person. Won't an in-person bank also take pictures of you via security cameras? I don't really understand your objection here, could you elaborate?
- drivebyhooting 4mo agoIt used to be that you could expect to not have your likeness captured and transmitted to third parties for their AI model training and who knows what other nefarious purposes. It seems like all expectation of privacy and anonymity evaporated in the last 5 years.
- rockskon 4mo agoA bank's security camera feed isn't likely to be sold to dozens of companies. It is all but guaranteed for Internet-based facial recognition services. Hacked facial recognition data already is reportedly being used by scammers to not only bypass bank security but also to impersonate people to target their loved ones. There is no lasting security gain by providing a selfie. There is a lasting security and privacy loss, however.
- SiempreViernes 4mo agoSo that's the concern? But GDPR solved this, just don't consent to them selling your likeness for AI training purposes.
- Cthulhu_ 4mo agoI'd consider it a negative that they trust a shitty webcam / selfie camera to cut the expenses of having an actual office with trained personnel. Who aren't flawless of course, but selfies have been easily circumvented with photos or video game cameras. Hell, at one point we had to implement age verification for a Japanese tobacco product website via a 3rd party vendor, I just used the wiki page's picture of a Japanese ID to test it, worked fine.
- megous 4mo agoYeah, it's ridiculous in an age where you can have backgrounds replaced on the fly in video calls.