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nicbou | 5 days ago
Passport recognition is also spotty. The ID verification providers used by banks do not recognise Indian passports.
Will we exclude a few million people because it’s too expensive to verify that they are over 18?
Add this to “falsehoods programmers believe about ID verification”.
egorfine|5 days ago
Yes. We absolutely will. KYC services is something that no one wants and everyone hates, thus there is no motivation to make it better. And if any, "better" might mean more invasive, because that means more data to mine and sell.
So, sure, excluding millions of people from KYC because it's cheaper to reject them than it is to study their documents - is the right decision business wise.
I am speaking as a person in the very same position.
dahauns|5 days ago
puchatek|5 days ago