I don't know about you, but I always face this paradoxical situation when it comes to use some banks, fintech apps, or wallets which are a "must have" in my business and life!

For example, for business, by creating and owning companies in few European countries (Estonia, Romania, the UK), I must have a bank account  and it is impossible to have this without giving them - in the stupidest way possible - your data, your photos with your face, ass, and a ton of documents 🙈

Some "creators" of these apps even are so brainless (even if they use AI) as they ask you to take selfies with your face front, back, right side and left side, etc and so on... 🤕

I was naive thinking that new fintech apps will avoid forcing you to do this abracadabra procedures but I am very disappointed about all of them, including Revolut, Transferwise, Monese, PayGlobal, DynaPay, etc...

I know they are forced by laws created by brainless governors in order to control too much so called money laundering phenomenon, but still requiring and forcing you to go through some illogical and stupid processes is awful!! 

Is there any way to avoid this?! Do you know any normal bank and/or fintech app that will respect our privacy and intimacy? 

Whit this corona virus FUD it's even worse now, they like to put masks on our faces and to force us using them even in some places where they are useless! The same with other procedures... 

I am even trying to use crypto payments but even with this you must have a payment processor or exchange that will sometimes require your personal data. 

Possible Solutions?

Main arguments for KYC and AML are related to bad use of money and, obviously, we must have solutions here, but exaggeration is not good. 

Eliminating those ugly procedures and simplifying them for customers could be a solution. 

Also, some use this against hackers stealing money, but they should do KYC to hackers not to me, a customer! :( Or, better find good hackers to catch up money laundering bad guys  not me as a potential customer! 

Creating a crypto bank for people and a killer app that will bring mass adoption to crypto payments in a more safe and less volatile environment than now is my dream, but will we see this fulfilled?! 

Conclusion and Request 

If you have a business and have better experience than me, please share, and I will appreciate it very much!

If there is no place on the earth to find a bank or fintech that behaves normally, should we move to the space with Elon Musk's SpaceX? 😀 

Thank you in advance for for your advice and suggestions for a possible solution to this paradoxical situation!