I think KYC is a polemic that there is a pro and some are contradictory. on one side of the KYC is needed to prevent something that can harm other parties, on the other hand, this KYC does not guarantee the security and confidentiality of our personal data,
Aside from protecting your personal data one of its purpose to know your customer also so you will be to adjust your pacing at least you will be at the same page with your customer.