Launch HN: Pana (YC S22) – Social Trust Banking with a US Latino Focus

Re:Launch HN: Pana (YC S22) – Social Trust Banking with a US... by Piero0909 on Friday August 12, 2022 @10:51AM (#32439504)

If you have a valid passport and a proof of address in the USA, you are able to open a bank account with Pana and even some big banks. What we've seen is that its 10x more difficult with these big banks.

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Re:Launch HN: Pana (YC S22) – Social Trust Banking with a US... by atlasunshrugged on Friday August 12, 2022 @10:57AM (#32439591)

Sure, but it's probably partially more difficult because there are heftier regulatory requirements for non-citizens, no? I'm just curious how that translates practically to KYC/AML work on your side

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Re:Launch HN: Pana (YC S22) – Social Trust Banking with a US... by Piero0909 on Friday August 12, 2022 @11:03AM (#32439675)

Yes there are. For now from a regulatory standpoint validating the users identity and their proof of residing in the USA is enough to comply with KYC/AML standpoint

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