"Banks haven't been allowed to monetize their KYC data"?
I work for a major US Bank and they are most definitely monetizing KYC data, in fact we have made several billion dollar acquisitions just to scoop peoples data.
The convention in Canada was there were limits on how much customer PII banks and the payment networks could collect, use, and share or sell, and how. "Monetize," in my comment means "sell to others like a social platform / ad-tech company," whereas I would agree it could be monetized in other ways.
What I see is that Stripe doing IAM for platforms and services that people use daily sets them up to dominate retail and small business banking services if they wanted to go there.
motohagiography|4 years ago
What I see is that Stripe doing IAM for platforms and services that people use daily sets them up to dominate retail and small business banking services if they wanted to go there.