KYC identity verification has become a standard requirement for compliant applications, and it's an unavoidable requirement. But this doesn't mean we have to sacrifice user experience.

The problem is obvious now: users have to upload the same files in every application, answer repetitive questions, and go through the same authentication process. This is not a security issue, it's a user experience issue.

Compliance is mandatory, and process optimization is equally necessary. The industry needs to think about how to make KYC a smooth rather than cumbersome experience while ensuring security.