Re:Tell HN: Instagram demands I send a picture of myself to ...
by acaloiar on Monday June 20, 2022 @05:19PM
(#31816100)
I'm familiar with KYC. KYC is actually the very reason why Robinhood customers should not be required to re-verify their identity because it stipulates that institutions both acquire and retain the identity information of their customers.
With that said, my qualms are not with the fact that I had to re-verify; simply the manner in which it happened.
The fact that they re-requested my identity tells you that this verification process was not in support of their KYC obligation, but likely a fraud-prevention mechanism. Which puts the manner in which it happened entirely within their control from a product perspective.
With that said, my qualms are not with the fact that I had to re-verify; simply the manner in which it happened.
The fact that they re-requested my identity tells you that this verification process was not in support of their KYC obligation, but likely a fraud-prevention mechanism. Which puts the manner in which it happened entirely within their control from a product perspective.