Wouldn't it be great to share KYC between organisations to streamline the KYC process and avoid customers having to go through the KYC process again and again?<p>It does pose challenges related to data privacy, security, consent, and regulatory compliance.<p>Do you think it would be worth the effort?
Isn't that what credit report companies and data providers (TransUnion / Experian / Equifax), Dun & Bradstreet, LexisNexis, etc. do/enable?<p>For the most part, if you exist in these databases KYC is going to be a lot easier than if you don't. Beyond that, I guess each organization has slightly different rules and regulations and risk tolerances around KYC to satisfy, so they wouldn't want to 100% outsource it.
I don't think it will be that easy. No company will allow that because it will be like sharing your user with someone else.<p>Also how do you think you will implement that?