Quote from: serjent05 on October 07, 2022, 11:20:10 PM

Quote from: FanEagle on October 07, 2022, 06:15:33 PM

Quote from: suzanne5223 on October 06, 2022, 07:40:09 PM

Quote from: vv181 on October 06, 2022, 12:55:29 PM

Crypto-related project using a vendor for their KYC/AML management is indeed beneficial. There might be too much overhead if one company handles and develop a lot of sensitive materials all at once and on its own premises. I rather think it is way safer in the security aspect noting the main company does not control too much sensitive data and let the KYC vendor do its job.

It does not fully prevent and guarantee there won't be any breach but it is way more manageable if the critical aspect of the business is managed by the vendor who specializes in the subject. As we might have noticed, Roobet does also use Veriff for verification.

@vv181, This is my own impression but aysg76 seems not to understand the concept of crypto-related companies having a vendor who specializes in KYC/AML activities to handle to KYC activities of their customer because the main purpose was to provide security of the use data not to cause vulnerability because the duties will be broad for the crypto company alone to handle. Besides, we're talking about KYC/AML vendors that are licensed by the government.

Those type of companies are there basically for just security reasons and not because of hard work. Collecting KYC and keeping them secure is not that much of extra work and any casino could do that, just put it on some offline server where nobody can hack, and you will be fine, there is absolutely no trouble at all.

I think Casino use a third party company in verifying KYC entries so it is an expenditure for the Casino. It isn't a hardwork yes, but it is an expense that eats away Casino profit. So I think casinos will be the first one to not wanting to implement KYC because it affects their profit somehow but then due to the requirement of the authorities they are forced to implement it.

I'm glad to see someone that understands that if the casino considers the expense of the company verifying the user's KYC, keeping the data offline, or hiring a governmental third-party company they won't like to implement KYC but they are doing it just to make friend with the Feds and to keep their business going.
@FanEagle Keeping information on some offline server also have con and pro. I don't consider it easy as you said and the casino cannot handle the in-depth criminal search but their user so using a third party that specialized in the field is the best option.

Quote from: vv181 on Today at 02:24:28 AM

Quote from: FanEagle on October 07, 2022, 06:15:33 PM

Quote from: suzanne5223 on October 06, 2022, 07:40:09 PM

Quote from: vv181 on October 06, 2022, 12:55:29 PM

Crypto-related project using a vendor for their KYC/AML management is indeed beneficial. There might be too much overhead if one company handles and develop a lot of sensitive materials all at once and on its own premises. I rather think it is way safer in the security aspect noting the main company does not control too much sensitive data and let the KYC vendor do its job.

It does not fully prevent and guarantee there won't be any breach but it is way more manageable if the critical aspect of the business is managed by the vendor who specializes in the subject. As we might have noticed, Roobet does also use Veriff for verification.

@vv181, This is my own impression but aysg76 seems not to understand the concept of crypto-related companies having a vendor who specializes in KYC/AML activities to handle to KYC activities of their customer because the main purpose was to provide security of the use data not to cause vulnerability because the duties will be broad for the crypto company alone to handle. Besides, we're talking about KYC/AML vendors that are licensed by the government.

Those type of companies are there basically for just security reasons and not because of hard work. Collecting KYC and keeping them secure is not that much of extra work and any casino could do that, just put it on some offline server where nobody can hack, and you will be fine, there is absolutely no trouble at all.

Let's check a third-party platform that Roobet use, Veriff and Seon. If you are going to their website, you can clearly see that they are solving many problems that are worth outsourcing if some companies are dealing with fraud or identity business requirements.

These are some of the reasons why I believe the third party that works with the government is the best option.