Acknowledging the Trust Fallacy Surrounding KYC Verified Accounts
There’s no doubt in the minds of financial organizations and anti-laundering regulators that Know Your Customer (KYC) verified accounts prevent fraudulent activity– and according to Alex Zeltcer from nSure.ai, that’s exactly the problem.
Social KYC for Cryptocurrencies
This paper offers some ideas about identity verifi cation in an online world. It explores some common challenges when using traditional methods, and will introduce a new approach â social KYC, using a personâs digital footprint and online social identities to instantly verify and authenticate their identity with a high degree of confidence. This approach can also be used to reduce fraud and to manage compliance requirements as a complementary approach with other forms of KYC and IDV as required.