KYC port from other verified site options?

[Dennis]

Hey gang.  Just curious if there is any talk about transferring trust/verification details from gateway to gateway.  It seems to me that every new gateway or exchange requires an understandably thorough KYC process, but wouldn't it be great if you could get instant verification by proving you are verified elsewhere?

I'm not sure if this is naivety or if the competitive aspect is too great for partnership, but it just makes sense to me.  When you move to a different state in the US, you don't have to take your driving test over, you just hand over your out of state license and fill out a form for a license in the new state.

Every time I verify with a new gateway/exchange it's such a process.  Any gateways out there consider this?  What obstacles have you faced if so?

 

Just a thought/rant.

[T8493]

It probably depends on which gateways do you have in mind.

Gateways are registered in different jurisdictions with completely different AML/KYC/personal data protection regulations. 

Edited May 9, 2017 by T8493

[Closingbell2012]

16 minutes ago, Dennis said:

Just curious if there is any talk about transferring trust/verification details from gateway to gateway.

Financial Regulation and Data Protection Laws must be changed globally before they will be allowed to do this. Also if they would be allowed to transfer ID details between each other, probably it would also significantly effect their indemnity insurance premium as well  (big risk to take on). If I had a gateway, I wouldn't want to take on the risk of transferring IDs until the law completely changed in my gateways favor

[Guest]

it's a good idea

it's probably what Global ID are working on -- ID goes hand in hand with the IoV

[Dennis]

Just another broken wheel on the fiatbus then I guess.

Thanks for the info.  Maybe I'll go away for another 2 years and come back and it will be fixed

Edited May 9, 2017 by Dennis

[Closingbell2012]

I would strongly recommend to @enej @gregor and whoever is present here in this forum from Bitstamp to reach out to IDNow

I happened to open an account today with an FI that use their video ID verification API. I had my account fully verified in 3 mins - real time - no limits.

With this ID verification API integrated, Gatehub could easily offer CC deposits as fraudsters most likely will not show their real face with their id (fake), cc(fake) in a real time chat.

This is not a promo post - I am not affiliated with this company.

Edited May 9, 2017 by Closingbell2012