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GenAI could make KYC effectively useless
(techcrunch.com)
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this post was submitted on 09 Jan 2024
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In case you're like me and read the summary but didn't click the article cause I had no idea what KYC was, it means "know your customer". Used by banks and such for verification purposes.
It's really pretty stupid to use acronyms that people are not familiar with in your title. I just downvote and move on usually if the title is not coherent enough.
I imagine that means they'll be forced to keep more branches open if eyeballing you in person is the only option left.