Tuesday, 25 October 2016

Wells Fargo Fiasco Lays Bare a Broken Identity System | Bank Think

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A few forward-thinking banks, such as U.S. Bank, BBVA and USAA, have been exploring opportunities to themselves act as identity providers. They have to know everything about their customers under anti-money-laundering regulations, but other businesses don't. Netflix, for example, may need to know that someone is old enough to view adult content, or located in a jurisdiction where certain material is not under copyright restrictions, but it doesn't need a birthdate or a street address.

From Wells Fargo Fiasco Lays Bare a Broken Identity System | Bank Think

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