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tdrz 3 hours ago

> But they are verifying customers in person with account creation, this is an online bank

Revolut could do the same as they do with ATMs: make a partnership with local banks for the verification step.

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orf 2 hours ago | parent [-]

Sure, but that would be like insanely stupid on pretty much every level though, so why would they do that?

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shakna an hour ago | parent | next [-]

Trying to find a way to tip toe around KYC, whilst keeping their customers safe, has also turned out to only use insanely stupid methods, though. So why did they already do that?

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orf an hour ago | parent [-]

FYI it turns out that humans are pretty bad at comparing faces to ID documents. Like, really quite bad.

Automated methods, like the ones Revolut use, are significantly more effective at KYC than a Jane Doe working a 9-5 at a bank. In no way is it “tip-toeing around KYC”, and while really unfortunate leaking a selfie is pretty low down on the list of “bad stuff a bank could leak”.

The implication that the solution to this is to somehow convince your direct competitors to do inferior in-person KYC for you is the most ridiculous thing.

	▲	sillyfluke 16 minutes ago \| parent [-]
		>The implication that the solution to this is to somehow convince your direct competitors to do inferior in-person KYC for you is the most ridiculous thing. People work with their competitors all the time (see Netfix vs Amazon). Whats ridiculuous is the claim that a scammer would prefer to show up physically at a bank and risk being exposed instead of operating remotely. >leaking a selfie is pretty low down on the list of “bad stuff a bank could leak”. don't some of them require a selfie while holding legible official documentation?

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tdrz 2 hours ago | parent | prev [-]

For security reasons, obviously! That way they wouldn't leak selfies because they wouldn't have any.