But to get the money out? Oh no! We need a picture of your face! And there’s no option for going in person.
Having just gone through the annual KYC checks required by my bank/s I don't think this opinion stands universally.
Can also confirm to open an account I need to provide a live selfie and verifiable government ID.
Unauthorized deposits aren't nearly as much of a concern as unauthorized withdrawals, right? I'd imagine that there are far fewer malicious actors that try to deposit money into random bank accounts than there are ones that try to withdraw money from random bank accounts.
> And there’s no option for going in person.
Won't an in-person bank also take pictures of you via security cameras? I don't really understand your objection here, could you elaborate?
WHAT? No KYC? what are those banks?! I have friends in South America who would pay really good money (cash) to know
Who aren't flawless of course, but selfies have been easily circumvented with photos or video game cameras.
Hell, at one point we had to implement age verification for a Japanese tobacco product website via a 3rd party vendor, I just used the wiki page's picture of a Japanese ID to test it, worked fine.
