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Social KYC: far easier than passports and utility bills

Chris Skinner

I just received a white paper about Social KYC from Fintech startup Veridu. The idea is to use our social media profiles to authenticate and onboard as a new 21st century KYC process.

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The Finanser’s Week: 16th May – 22nd May 2016

Chris Skinner

Our main stories of this week includes … Social KYC: far easier than passports and utility bills I just received a white paper about Social KYC from Fintech startup Veridu. The idea is to use our social media profiles to authenticate and onboard as a new 21st century KYC process.

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Potential Facebook Crypto Launch Pushes Bitcoin Over $9,000

PYMNTS

There’s even talk that some employees of the social media giant will be able to get their salaries in the new cryptocurrency. Facebook will probably release a white paper on June 18 with an explanation of the social media giant’s plans for its crypto, or token.

Bitcoin 136
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Mastercard On Facebook’s Libra Crypto Payments Future

PYMNTS

There is also a related, but separate, issue around the project associated with Facebook, as the social media giant has found itself in regulatory crosshairs over consumer data protection and privacy. It was the instigator of the idea, it wrote the white paper explaining it and it has been recruiting the team of rivals to run it.

Payments 179
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Using Online, Social Data To Make ‘Thin Files’ Thick

PYMNTS

Can the data trapped in “Digital Exhaust” – like online and social media data – be used to validate identity and predict fraud? Suppose you could build a model that would help financial institutions of any kind fill in those gaps with online and social data that could make thin files thick without increasing their risk?

Online 100
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Facebook Seeks Clear Guidelines For Data Sharing

PYMNTS

The social media giant, which was embroiled in the Cambridge Analytica scandal that compromised the data of millions, wrote a white paper asking regulators to create clear guidelines and rules for when and how data can be transferred, as well as how to protect it and who is at fault when things go wrong.

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Facebook Tackles Antitrust Issues With Data Portability Tool

PYMNTS

Facebook released a white paper on data portability in September following a March op-ed about the subject in The Washington Post by Facebook CEO Mark Zuckerberg. The data portability tool also comes as the social media giant defends itself against multiple antitrust investigations in the U.S. and abroad. .

Tools 100