As much as I dislike it, it makes sense for banks to do that.
Comment on Reddit users in the UK must now upload selfies to access NSFW subreddits
iii@mander.xyz 3 weeks agoI’ve once attempted to open a bank account where they wanted video proof, and expected me to say a randomly assigned phrase. I didn’t do it.
Fucking KYC is BS.
irelephant@lemmy.dbzer0.com 3 weeks ago
themachinestops@lemmy.dbzer0.com 3 weeks ago
Banks are highly regulated so it is not surprising that thet would as for identity proof, reddit on the other hand has no business doing it.
iii@mander.xyz 3 weeks ago
Reddit is doing this as a response to regulation as well. Governments all around europe are turning digital communications into a highly regulated environment (“for the children”), because they’re afraid of communicating. UK is just one of the earlier.
themachinestops@lemmy.dbzer0.com 3 weeks ago
That is why I said highly regulated, bank have many safeguard to protect clients for example PCI DSS. On the other hand as far as I know this is a law requiring them to verify people and I don’t think there is a standard for this. Every company will do its own thing.
iii@mander.xyz 3 weeks ago
Seems like you use the phrase “highly regulated” differently then me. You use it to describe the “how”, for me the “what” is sufficient.
From my point of view the law heavily restricts people’s freedom to be, that’s the mistake. Doesn’t matter the specific implementation, task forces, …