2min snip

We Study Billionaires - The Investor’s Podcast Network cover image

BTC148: Bitcoin and AI w/ Guy Swann (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

NOTE

Challenges and Limitations of Know Your Customer Processes in the Financial Industry

The frustration of not understanding why companies can't use a more efficient and effective system for verifying identities, such as KYC. The current process is resource-intensive and outdated, causing a poor user experience. The author predicts that things will get worse before they get better as companies struggle to find better solutions.

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