Hacker News Reader

Comment by fillskills | Hacker News Reader

What makes you think OnFido is sketchy? It’s a pretty popular platform for ID verification.

3rd party verification has become a standard in the fintech/insuretech industries since its very hard and risky to do KYC on your own. Also personally I don’t trust having all the random companies I transact with maintain my KYC info. At least in theory, the experts at ID verification have strong enough incentives, motivation and expertise to keep my data safe, reducing the attack surface area.

Not affiliated with either party.

View on HN

FWIW, they are at least willing to put this in their privacy policy:

> Whenever legally possible, we seek to protect the information we share by imposing contractual privacy and security safeguards on the recipient of the information. This is particularly important in cases where the recipient is located in a country that has different or lesser privacy laws than those of the country where the information was originally collected. In some cases, however, it’s not possible for us to do so — for example, when we have a legal obligation to disclose information to a government authority and that government authority isn’t willing to enter into such contractual safeguards.

Check the article. It has quotes from their ToS that can be roughly summarized as "we'll sell all your data to whoever pays and you have no control over this".

No, that's not what they are saying at all. The quote on the blog is misleading and leaves out important pieces. Here's the full thing:

"As part of a business transfer. Onfido may disclose your personal information to an actual or potential buyer, investor or partner (and its agents and advisers) in relation to any actual or proposed divestiture, merger, acquisition, joint venture, bankruptcy, dissolution, reorganization, or any other similar transaction or proceeding"

That’s absolutely not what that TOS says. Your strength of conviction does not make it so.

Reply on news.ycombinator.com