How large percentage of Stripe
Identity customers do you foresee actually are required by legal regulation to retain all this information, as opposed to verifying certain aspects of an individual, as opposed to wanting it and likely handling it in ways violating GDPR and similar regulation?
I’d argue that before Stripe sends any PII other than validation results to a customer, it needs to verify that the business indeed is under regulatory requirements to gather this data, and only sell the required part.
Alternatively, you could invert the process, allowing integrating businesses to send documents to Stripe, who replies if they’re legit or not.
Finally, if there is a need for sharing data with customers for e.g. KYC, shouldn’t this be priced significantly higher than verification/validation, so that Discords and Clubhouses can’t justify it from a business perspective?
What is the reasoning for doing neither of the above?
I’d argue that before Stripe sends any PII other than validation results to a customer, it needs to verify that the business indeed is under regulatory requirements to gather this data, and only sell the required part.
Alternatively, you could invert the process, allowing integrating businesses to send documents to Stripe, who replies if they’re legit or not.
Finally, if there is a need for sharing data with customers for e.g. KYC, shouldn’t this be priced significantly higher than verification/validation, so that Discords and Clubhouses can’t justify it from a business perspective?
What is the reasoning for doing neither of the above?