Selfies are collected by a limited number of companies because it is a convenient way to satisfy KYC, but it is by no means legally required to collect this biometric data, nor is it secure to verify customers this way thanks to the proliferation of AI.
KYC checks are already being tested with electronic IDs, and the identity of the customer is verified by the presence of a government ID, and the input of a PIN. No selfies or similar farces are involved.
KYC checks are already being tested with electronic IDs, and the identity of the customer is verified by the presence of a government ID, and the input of a PIN. No selfies or similar farces are involved.