keccers
@keccers.eth
Zora forcing KYC for retro grant claim makes me want equity in the KYC provider 😆 https://withpersona.com/pricing Regulatory clarity for crypto means this company and others like it prob get way more business Wonder what other cos even do this
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zilla
@pris
After working in KYC/KYB and AML for over 5 yrs, I can say Persona is great but not for fintech. They are best for entertainment/social companies like Netflix, OnlyFans, Paramount, etc. They are not built for the banking rails that exist. If you pick an Alloy, Unit21, or Oscilar, they’ve already thought through the 360 of the onboarding and underwriting of person to transactions across depts ensuring less friction for fast growth for biz. Alloy is the most mature platform with a crypto function that needs evolving but will be prioritized again given the market demands.
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zilla
@pris
This article is decent (though dated) at explaining the KYC/identity process and how current fintechs are involved. Alloy works with over 200+ integrations (including those listed who depend on Alloy for the flexibility) to build custom workflows for any global regulatory requirements at scale. Fun fact: 80% of the US transactions (wallet to wallet for this audience) go through Atlanta, GA. If you’re looking to build for that/adjacent use case, the rails already exist so look at companies like Elavon or Worldpay there. There’s also hardware like NCR. https://medium.com/@jelenahoffart/mapping-the-identity-verification-technology-stack-in-financial-services-6d8edc74121f
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