Altcoins Talks - Cryptocurrency Forum
Local => Nigerian Languages => Topic started by: Rruchi man on May 18, 2024, 08:48:03 PM
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Have you seen the recent development that banks can now demand customers submit their social media handles as part of their KYC requirements? What do you think of this? And what do you think of this if exchanges start demanding social media accounts as KYC requirements?
source (https://businessday.ng/news/article/court-backs-cbn-directs-banks-to-collect-customers-social-media-handles/)
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Have you seen the recent development that banks can now demand customers submit their social media handles as part of their KYC requirements? What do you think of this? And what do you think of this if exchanges start demanding social media accounts as KYC requirements?
source (https://businessday.ng/news/article/court-backs-cbn-directs-banks-to-collect-customers-social-media-handles/)
That news no be today news and e dey tay small. I think na in the month of March na dat news came and the public opinion was seriously against the Policy so dem don cancelled am. E no work out again. Dat matter dem don settle am very long time ago.
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That news no be today news and e dey tay small. I think na in the month of March na dat news came and the public opinion was seriously against the Policy so dem don cancelled am. E no work out again. Dat matter dem don settle am very long time ago.
By my reputation, you should know that I will not bring up an issue that has been settled or closed. If you had gone through the source from which I referenced this discussion, you would have seen that it was dated May 16, 2024, and the news clearly shows that the CBN now has the backing of the court to demand social media accounts.
Contrary to what you think, the matter was not settled, nor was it canceled, but it was in court, and now that the court has given its stance on it, be ready to give an answer when the bank starts requesting it.
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I do not think that policy would be feasible because I see no iota of sense in it. What is the business of the bank with their customers social media handles ? Abi dem want to begin monitor their customers? Dem be security organisation wey dey investigate criminal matters ? It is obvious that they do not know their priorities as a bank but rather they choose to make things difficult for the masses. They should be investigating the causes of empty ATM machines and naira sales by their staff so as to take appropriate actions rather than chasing clouds.
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this is from CNB though. if anyone have seen the plans of the unelected officials from WEF, this is worse than social credit system. its the start of a dystopian world that when they find out you support Free Palestine in your social media posts, they might freeze your funds in the exchanges. this scares the shit out of those freedom loving guys out there who just want to be anonymous.
and i guess they will also make sure the email you use in the exchange is the one you use for the social media account.
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Nothing musa no go see for gate.. See sincerely I don't really support this idea of banks starts requiring our social media details because I see no use to it because when gets to those handles there is every possibility they would start watching over their customers to see those that are living a flamboyant life possibly could report to EFCC to come for questioning, so for me, i think this gets so serious I don't mind deleting all my flashy photos and just leave few, and I won't be updating my social media again in order to keep them in the dark.
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Nothing musa no go see for gate.. See sincerely I don't really support this idea of banks starts requiring our social media details because I see no use to it because when gets to those handles there is every possibility they would start watching over their customers to see those that are living a flamboyant life possibly could report to EFCC to come for questioning, so for me, i think this gets so serious I don't mind deleting all my flashy photos and just leave few, and I won't be updating my social media again in order to keep them in the dark.
Nobody support the idea sef when the matter was brought to the public plenty against am. But there is no big deal because since Bank e don already collect our KYC very well so there is fear for that matter. Highest na message dem go send give you if they add you for their social media platforms. Like email, dem dey send message. If they add you, you unfollow them then no big deal again. You fit block them or mute them so that you no go receive messages from dem.
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Nothing musa no go see for gate.. See sincerely I don't really support this idea of banks starts requiring our social media details because I see no use to it because when gets to those handles there is every possibility they would start watching over their customers to see those that are living a flamboyant life possibly could report to EFCC to come for questioning, so for me, i think this gets so serious I don't mind deleting all my flashy photos and just leave few, and I won't be updating my social media again in order to keep them in the dark.
Nobody support the idea sef when the matter was brought to the public plenty against am. But there is no big deal because since Bank e don already collect our KYC very well so there is fear for that matter. Highest na message dem go send give you if they add you for their social media platforms. Like email, dem dey send message. If they add you, you unfollow them then no big deal again. You fit block them or mute them so that you no go receive messages from dem.
Na true you talk but me see am say them fit dey charge people add am too like they way them dey do for sms, mail charges for instance if they send you debit and credit alert the would include their service charge at every month ending making them to extort much from the poor masses.
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Na true you talk but me see am say them fit dey charge people add am too like they way them dey do for sms, mail charges for instance if they send you debit and credit alert the would include their service charge at every month ending making them to extort much from the poor masses.
No be lie, Nigerian Banks dey use small opportunity dey over do. Bank dey collect electronic levy which I don't even know which one be electronic levy and sms charges again. Probably the electronic levy should be the email levy then in the process of registering the account, and in the KYC you can leave the email and the social media option because I know that the email column is an option which you can leave if you don't have an email and that should be the case for the social media column too. And the only mandatory KYC is the phone number for calling if there is an any issue to resolve and sms and adding to the bvn.
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Na true you talk but me see am say them fit dey charge people add am too like they way them dey do for sms, mail charges for instance if they send you debit and credit alert the would include their service charge at every month ending making them to extort much from the poor masses.
No be lie, Nigerian Banks dey use small opportunity dey over do. Bank dey collect electronic levy which I don't even know which one be electronic levy and sms charges again. Probably the electronic levy should be the email levy then in the process of registering the account, and in the KYC you can leave the email and the social media option because I know that the email column is an option which you can leave if you don't have an email and that should be the case for the social media column too. And the only mandatory KYC is the phone number for calling if there is an any issue to resolve and sms and adding to the bvn.
Although I love the mailing option more than the SMS because if you lost your phone and SIM card you can easily login to your mail to see your transaction details, and again SMS when someone secretly transfer money from your account they can delete the alert but when you login to your email you will see all transactions over there and monitor who stole your money while they have access to your phone even without you going to bank to print account statement.
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Maybe we will stop using banks since they want to ask for social media accounts. It will not work because it is not like NIN that is compulsory. What of those old people that don't have social media accounts, and those staying in interior villages where there is no light and poor network. I beg make them go sit down for gutter and think on how to provide jobs for the youths and improve the economy. I no get social media account abi na by force oga.
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Maybe we will stop using banks since they want to ask for social media accounts.
How? This is unrealistic. You can't live in Nigeria without using banks as a cryptocurrency enthusiast and even if you no dey use cryptocurrencies, you go fit live dis country without using the commercial banks. You have to know dat you can't use cryptocurrency to buy anything in this country, just few people dey accept cryptocurrency in their shop and now dem dey do am secretly because of the government wahala. So bank na necessary thing in the cryptocurrency world.
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When I saw bank at first, I thought it was a global requirement, until I decided to read the headlines, only to find out that it's same people as usual ;D. This people are clearly confused, as they don't even have reasonable policies to implement. Just imagine someone who uses a social media account that doesn't carry same name as bank name. I think the CBN and the government can do better by implementing policies that would be of a better benefits to the citizens.
And as for exchanges, you should know that they can't implement such an idea that doesn't even make any sense. KYC verification still won't go outside the personalities of a person such as d.o.b, residence, face recognition, etc.
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And as for exchanges, you should know that they can't implement such an idea that doesn't even make any sense. KYC verification still won't go outside the personalities of a person such as d.o.b, residence, face recognition, etc.
That would be the last thing any reasonable exchange would do to wanting to force or implement such policy for their members to link social media handles to their account. I think that would not be feasible and would not go down well with such exchange that makes such a silly mistake. Unless they are prepared to suit down because they would end up losing members to another exchange because nobody would want to stress themselves with a particular exchange and policy when there are thousands of options out there for them to make choice.
Although I have seen few exchange with such option on user profile dashboard section for their members to link up their social media handles or account. It is not compulsory but a free will thing to do if you deem it fit to do so.
Ordinarily, I would not advise anybody to try that option because doing that alone could breach your privacy and if that exchange gets hacked, your information including your social media handles would be exposed and you can be easily traced or tracked through your social media handle linked to the hacked exchange account.
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Have you seen the recent development that banks can now demand customers submit their social media handles as part of their KYC requirements? What do you think of this?
I guess some people can use fake social media account for the KYC. But there has been ways that people are getting verified with provision of fake identity documents.
And what do you think of this if exchanges start demanding social media accounts as KYC requirements?
This is not new at all. I have seen on many exchanges registration page that asked for social media for the users registration. Even before there were exchanges, social media has been asked for KYC on other platforms before.
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Have you seen the recent development that banks can now demand customers submit their social media handles as part of their KYC requirements? What do you think of this? And what do you think of this if exchanges start demanding social media accounts as KYC requirements?
source (https://businessday.ng/news/article/court-backs-cbn-directs-banks-to-collect-customers-social-media-handles/)
The thing be say if banks demand for social mediation handles of their customers as a means of communication and to verify the identity of the customers whenever they interact with the bank support on social media then I think it a welcome development, since most of the times, some banks and other institutions respond faster on their social media handles than on the live support of the bank apps because on social media when a custom complain about an issues, it public a.d can easily effectstheit business I left on checked but if some issues goes through the bank apps or websites it can take days before responding.
Aside from the mention reasons I think there may be other negative reasons, such as banks trying to get access to more data's about the customers and also trying to monitor their life through the customers social media activities.
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Have you seen the recent development that banks can now demand customers submit their social media handles as part of their KYC requirements? What do you think of this? And what do you think of this if exchanges start demanding social media accounts as KYC requirements?
source (https://businessday.ng/news/article/court-backs-cbn-directs-banks-to-collect-customers-social-media-handles/)
It's nothing new to some or most of us perhaps, if I still remember well, it was during buhari's government that cbn announced that banks will have to start collecting social media handles of its customers as part of their kyc procedures and verification, and by the time, everyone who heard this was against the move.
By now, it should be clear to us all that the government are not after our good and privacy, they just looking for many ways to always keeps tabs on people and what they are doing, but this is definitely not for people like me, for I believe they wouldnt force one to use a social media if he or she says he or she is not a social media user.
So, if you go to the bank to either update or open a new account, and they ask that you fill in your social media handle, simply ignore that or fill it at your own risk, and trust me, this is a very bad risk to take.
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Have you seen the recent development that banks can now demand customers submit their social media handles as part of their KYC requirements? What do you think of this? And what do you think of this if exchanges start demanding social media accounts as KYC requirements?
source (https://businessday.ng/news/article/court-backs-cbn-directs-banks-to-collect-customers-social-media-handles/)
It's nothing new to some or most of us perhaps, if I still remember well, it was during buhari's government that cbn announced that banks will have to start collecting social media handles of its customers as part of their kyc procedures and verification, and by the time, everyone who heard this was against the move.
By now, it should be clear to us all that the government are not after our good and privacy, they just looking for many ways to always keeps tabs on people and what they are doing, but this is definitely not for people like me, for I believe they wouldnt force one to use a social media if he or she says he or she is not a social media user.
So, if you go to the bank to either update or open a new account, and they ask that you fill in your social media handle, simply ignore that or fill it at your own risk, and trust me, this is a very bad risk to take.
I opened my first Bank account in 2011 with Oceanic Bank which is now EcoBank and second one in 2012 with Intercontinental Bank and now it is Access Bank and when I opened these accounts I was asked to submit my social media accounts but i didn't and i only submit my email and that time, yahoo mail more popular because people were using Yahoo chat to community like Facebook at that time. Though Facebook was an existence even as then but Yahoo Chat was rampantly everywhere. Mostly we used it to make calls. So this request of submitting social media accounts to banks is not a today thing but since but it was not serious. It was only choice of the customers and not the choice from the Banks.
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Have you seen the recent development that banks can now demand customers submit their social media handles as part of their KYC requirements? What do you think of this? And what do you think of this if exchanges start demanding social media accounts as KYC requirements?
source (https://businessday.ng/news/article/court-backs-cbn-directs-banks-to-collect-customers-social-media-handles/)
It's nothing new to some or most of us perhaps, if I still remember well, it was during buhari's government that cbn announced that banks will have to start collecting social media handles of its customers as part of their kyc procedures and verification, and by the time, everyone who heard this was against the move.
By now, it should be clear to us all that the government are not after our good and privacy, they just looking for many ways to always keeps tabs on people and what they are doing, but this is definitely not for people like me, for I believe they wouldnt force one to use a social media if he or she says he or she is not a social media user.
So, if you go to the bank to either update or open a new account, and they ask that you fill in your social media handle, simply ignore that or fill it at your own risk, and trust me, this is a very bad risk to take.
We also need to realize that the action being pursued by the government like asking for the social media account details during KYC appear to be more bureaucratic and aimed at expanding surveillance rather than enhancing our privacy. Although this would have been frowned at by many, the truth of the matter is that in the current world we need to be more cautious of the dangers that can come with it whenever individuals avail their social media accounts for instance, so easily. The people should be very careful concerning the information they disclose to various banks because at times the institutions will request for information that does not have any bearing to the banking service. Thus, not filling in or fake answering may be also determined as a conscious decision since certain consequences endangering our security and private lives may occur in the future.
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Have you seen the recent development that banks can now demand customers submit their social media handles as part of their KYC requirements? What do you think of this And what do you think of this if exchanges start demanding social media accounts as KYC requirements?
If exchanges would lift off limits with merely social media verification, I'll be glad as I find sharing social media account to be much less sensitive compared to KYC documents.
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Have you seen the recent development that banks can now demand customers submit their social media handles as part of their KYC requirements? What do you think of this And what do you think of this if exchanges start demanding social media accounts as KYC requirements?
If exchanges would lift off limits with merely social media verification, I'll be glad as I find sharing social media account to be much less sensitive compared to KYC documents.
the social media account requirement is apart from those KYC documents. this could really be happening one day. so its not going to be surprising to see a facebook login button on binance.
in my kid's school, they require the parents to participate in the PTA chat using our facebook accounts. when i tried using one off my dummy accounts, they confronted me to use my real personal account and i said i have none. they asked me to create one.
they are too worried that parents may say something negative about their school. if there is anything ELSE negative i would say, its their mandatory facebook account.
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Have you seen the recent development that banks can now demand customers submit their social media handles as part of their KYC requirements? What do you think of this And what do you think of this if exchanges start demanding social media accounts as KYC requirements?
If exchanges would lift off limits with merely social media verification, I'll be glad as I find sharing social media account to be much less sensitive compared to KYC documents.
the social media account requirement is apart from those KYC documents. this could really be happening one day. so its not going to be surprising to see a facebook login button on binance.
in my kid's school, they require the parents to participate in the PTA chat using our facebook accounts. when i tried using one off my dummy accounts, they confronted me to use my real personal account and i said i have none. they asked me to create one.
they are too worried that parents may say something negative about their school. if there is anything ELSE negative i would say, its their mandatory facebook account.
In fact, the social media requirements are now being demanded for authentication or at least community engaging purposes apart from the necessities of any person. Of course, such policies can cause discomfort because our preferences for using social networks may be different, or we simply like to keep our identity secret online. The imposition that one should provide his or her personal account may look very invasive, especially if the cause for it is to observe the public opinion. The latter is more needed for modern society where people needs to be protected from cyber threats while remaining open and friendly to users; and having an additional option of authentication will greatly contribute to the latter goal.
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Have you seen the recent development that banks can now demand customers submit their social media handles as part of their KYC requirements? What do you think of this And what do you think of this if exchanges start demanding social media accounts as KYC requirements?
If exchanges would lift off limits with merely social media verification, I'll be glad as I find sharing social media account to be much less sensitive compared to KYC documents.
the social media account requirement is apart from those KYC documents. this could really be happening one day. so its not going to be surprising to see a facebook login button on binance.
in my kid's school, they require the parents to participate in the PTA chat using our facebook accounts. when i tried using one off my dummy accounts, they confronted me to use my real personal account and i said i have none. they asked me to create one.
they are too worried that parents may say something negative about their school. if there is anything ELSE negative i would say, its their mandatory facebook account.
In fact, the social media requirements are now being demanded for authentication or at least community engaging purposes apart from the necessities of any person. Of course, such policies can cause discomfort because our preferences for using social networks may be different, or we simply like to keep our identity secret online. The imposition that one should provide his or her personal account may look very invasive, especially if the cause for it is to observe the public opinion. The latter is more needed for modern society where people needs to be protected from cyber threats while remaining open and friendly to users; and having an additional option of authentication will greatly contribute to the latter goal.
i'm sure there is something else can be done than we submit to this dystopian rules. we seem to be criticizing China or their social credit and their communist party but here we are just submitting our IDs and maybe if they need our DNA i might also send my blood sample.
since its becoming a regular thing already even in schools, i guess we really are all going to be in the dystopian future and the worse is that even the digital currencies can be used against us.
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i'm sure there is something else can be done than we submit to this dystopian rules. we seem to be criticizing China or their social credit and their communist party but here we are just submitting our IDs and maybe if they need our DNA i might also send my blood sample.
since its becoming a regular thing already even in schools, i guess we really are all going to be in the dystopian future and the worse is that even the digital currencies can be used against us.
Fears of people regarding collection of their personal data are justified as the world is gradually moving towards a more strict observation of people’s activities. Given that more and more people use digital identities, there is a possibility that the details could be used in the wrong way if there are no tight policies in place. Such centrally controlled and issued digital currencies as, for example, can endanger privacy since with such currencies all transactions can be trailed. A report by Freedom House shows countries with a high level of monitoring in the region reduce digital freedoms by 40% more compared to countries with stringent privacy laws. This data call us to mind that personal data and digital rights should be guarded at all cost particularly in averting incidences where digitization is utilized in directing society. To avoid such issues in the future it takes the best effort to call for balanced regulation and retain control over our own data.
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Have you seen the recent development that banks can now demand customers submit their social media handles as part of their KYC requirements? What do you think of this? And what do you think of this if exchanges start demanding social media accounts as KYC requirements?
source (https://businessday.ng/news/article/court-backs-cbn-directs-banks-to-collect-customers-social-media-handles/)
To me there's nothing wrong with this move as it's part of their know your customers requirements because the fact of the matter is that they're allot of scam going on in the country currently so this move will help to reduce fraud related matters because if your social media accounts is linked to your account it will help to know you better and know your friends circle in so doing if any fraud occur it will be easier to apprehend the person quickly
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Have you seen the recent development that banks can now demand customers submit their social media handles as part of their KYC requirements? What do you think of this? And what do you think of this if exchanges start demanding social media accounts as KYC requirements?
source (https://businessday.ng/news/article/court-backs-cbn-directs-banks-to-collect-customers-social-media-handles/)
To me there's nothing wrong with this move as it's part of their know your customers requirements because the fact of the matter is that they're allot of scam going on in the country currently so this move will help to reduce fraud related matters because if your social media accounts is linked to your account it will help to know you better and know your friends circle in so doing if any fraud occur it will be easier to apprehend the person quickly
This may also be useful for decreasing the level of fraud, as the verification process will be more refined, and the users’ identities will be more explicit. Connecting accounts there is a safer solution that allows for more efficient tracking of violations as well. This is a way to create trust, so that people would start to feel securer in their exchanges.
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Have you seen the recent development that banks can now demand customers submit their social media handles as part of their KYC requirements? What do you think of this? And what do you think of this if exchanges start demanding social media accounts as KYC requirements?
source (https://businessday.ng/news/article/court-backs-cbn-directs-banks-to-collect-customers-social-media-handles/)
If there are more to this know your customer stuff that they are asking about that is beneficial to the whole masses is okay. I don’t think knowing about your social media handles can make any more change to what they’ve known before about you, but can help to tackle other things that cannot be gotten by just what they usually ask for KYC. I don’t see anything wrong with that though, that’s what we’ve signed for by using th me governments property, so we have to abide and dance to their tone all time as they wish.
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Have you seen the recent development that banks can now demand customers submit their social media handles as part of their KYC requirements? What do you think of this? And what do you think of this if exchanges start demanding social media accounts as KYC requirements?
source (https://businessday.ng/news/article/court-backs-cbn-directs-banks-to-collect-customers-social-media-handles/)
If there are more to this know your customer stuff that they are asking about that is beneficial to the whole masses is okay. I don’t think knowing about your social media handles can make any more change to what they’ve known before about you, but can help to tackle other things that cannot be gotten by just what they usually ask for KYC. I don’t see anything wrong with that though, that’s what we’ve signed for by using th me governments property, so we have to abide and dance to their tone all time as they wish.
I see such as a demand taken too far though but I wonder why all these demands. If as a customer, you have undergone the necessary KYC procedures in fulfilment of all requirements to open an account, what point they demanding for one's social media handle if it were to be a criteria for loan procurement, that would have been a bit understandable that they would want to check your activities and possibly get some details of your friends and possibly your relatives through your social media handles but that aside it's too much of a demand for account opening.
Well, since it's a government officially recognised institution, I believe the government would have given consent to it instructing banks to implement it but so far, I have not seen it made as a compulsory requirements though if I am not mistaken so it is a choice to fill it or by pass it.
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Nothing musa no go see for gate.. See sincerely I don't really support this idea of banks starts requiring our social media details because I see no use to it because when gets to those handles there is every possibility they would start watching over their customers to see those that are living a flamboyant life possibly could report to EFCC to come for questioning, so for me, i think this gets so serious I don't mind deleting all my flashy photos and just leave few, and I won't be updating my social media again in order to keep them in the dark.
I don't personally see any thing wrong with it because this directive is coming from the central bank of Nigeria, it's only people who have skeleton in there curb board that will be crying over this new policy because the rate of fraud related wealth in the country is so much so if monitoring customer's social media accounts will reduce the rate of criminally acquired wealth in the country then it's a good policy that needs to be embraced
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Nothing musa no go see for gate.. See sincerely I don't really support this idea of banks starts requiring our social media details because I see no use to it because when gets to those handles there is every possibility they would start watching over their customers to see those that are living a flamboyant life possibly could report to EFCC to come for questioning, so for me, i think this gets so serious I don't mind deleting all my flashy photos and just leave few, and I won't be updating my social media again in order to keep them in the dark.
I don't personally see any thing wrong with it because this directive is coming from the central bank of Nigeria, it's only people who have skeleton in there curb board that will be crying over this new policy because the rate of fraud related wealth in the country is so much so if monitoring customer's social media accounts will reduce the rate of criminally acquired wealth in the country then it's a good policy that needs to be embraced
Measures that seek to address financial flow in an attempt to curb economic crime can be noble in their pursuit provided they do not approach aighthouse level. Looking at the current increased cases of fraud and corruption, we all have a duty to back initiatives with the potential of enhancing the elasticity of our nation’s economy. But it also means we should make sure that such policies are not misused, or that they turn into an instrument to infringe privacy of law-abiding citizens. If introduced correctly it is possible to state that such policies will lead to a healthier and fairer economy for all parties.
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Nothing musa no go see for gate.. See sincerely I don't really support this idea of banks starts requiring our social media details because I see no use to it because when gets to those handles there is every possibility they would start watching over their customers to see those that are living a flamboyant life possibly could report to EFCC to come for questioning, so for me, i think this gets so serious I don't mind deleting all my flashy photos and just leave few, and I won't be updating my social media again in order to keep them in the dark.
I don't personally see any thing wrong with it because this directive is coming from the central bank of Nigeria, it's only people who have skeleton in there curb board that will be crying over this new policy because the rate of fraud related wealth in the country is so much so if monitoring customer's social media accounts will reduce the rate of criminally acquired wealth in the country then it's a good policy that needs to be embraced
Is this a good measures as you think?
To me I don't really encourage such kyc requirements and I would never give to such process. And again you seems not to have understood our country very well, how bank staff are easily defrauding their costumers due to how they senses that their costumers are very wealthy and some staff can have target on them by keep monitoring them to see the kind of lifestyle they live and how they are making money. In fact even without social media handles they often target their costumers while they come and go.
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Have you seen the recent development that banks can now demand customers submit their social media handles as part of their KYC requirements? What do you think of this? And what do you think of this if exchanges start demanding social media accounts as KYC requirements?
Other details wey we submit still no dey ok for dem? And dis social media details wey dem go ask for na only for boys abi na for everybody? But I believe it will be optional sha because no be everybody wey dey use bank dey into social media and i just see this tin like sey dey wan stress dere sef and customers. because I no see how dis tin take dey concern to dere work, and I dey sure sey this social media details wey dem talk of like dis, I know dem go wan dey use am tek dey watch their customers movement and once dem notice anything illegal dem go involve EFFC. And d problem be sey even person wey no dey into any illegal activities once dem see sey em luxurious pics and videos, dem go like involve EFFC to Investigate and if care is not taking they'll start threatening d person.
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To me I don't really encourage such kyc requirements and I would never give to such process. And again you seems not to have understood our country very well, how bank staff are easily defrauding their costumers due to how they senses that their costumers are very wealthy and some staff can have target on them by keep monitoring them to see the kind of lifestyle they live and how they are making money. In fact even without social media handles they often target their costumers while they come and go.
I will agree with you that bankers themselves are very dangerous, they closely monitor people and I believe we are fully aware of arm robbery incidence that usual surface on online dailies were bankers are said to be involved and also patrolled by the police as informant to attacks on their customers and even the bank itself. Social media kyc would even be the worst because that would be a straight access to blackmail and attacks on customers which I really do not give into. For security reasons, social media kyc is not advisable to do and nobody should be compelled to do such by any bank. It should be optional and not by force.
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To me I don't really encourage such kyc requirements and I would never give to such process. And again you seems not to have understood our country very well, how bank staff are easily defrauding their costumers due to how they senses that their costumers are very wealthy and some staff can have target on them by keep monitoring them to see the kind of lifestyle they live and how they are making money. In fact even without social media handles they often target their costumers while they come and go.
I will agree with you that bankers themselves are very dangerous, they closely monitor people and I believe we are fully aware of arm robbery incidence that usual surface on online dailies were bankers are said to be involved and also patrolled by the police as informant to attacks on their customers and even the bank itself. Social media kyc would even be the worst because that would be a straight access to blackmail and attacks on customers which I really do not give into. For security reasons, social media kyc is not advisable to do and nobody should be compelled to do such by any bank. It should be optional and not by force.
We are living in the country that have seen the world, nobody is trustworthy no matter how close you are to the person, know the kind of people you will expose yourself to. It's essential to be cautious when dealing with financial institutions, as some may engage in fraudulent activities.
I agreed with the part that you said some banks are fraudulent. They will be monitoring their customers for them to be able to differentiate between the rich and poor. If they identify the riches among them they will start looking for a way to rob them. Banks may use Know Your Customer (KYC) protocols to gather information about their customers. In some cases, this information might be used to target wealthy individuals. And they will attack the person in such a way that the person will believe that maybe is arm robbers, or yahoo boys. If someone falls victim to theft or fraud, the bank may deny involvement or claim ignorance. It's crucial to remain vigilant and take necessary precautions when managing finances.
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To me I don't really encourage such kyc requirements and I would never give to such process. And again you seems not to have understood our country very well, how bank staff are easily defrauding their costumers due to how they senses that their costumers are very wealthy and some staff can have target on them by keep monitoring them to see the kind of lifestyle they live and how they are making money. In fact even without social media handles they often target their costumers while they come and go.
I will agree with you that bankers themselves are very dangerous, they closely monitor people and I believe we are fully aware of arm robbery incidence that usual surface on online dailies were bankers are said to be involved and also patrolled by the police as informant to attacks on their customers and even the bank itself. Social media kyc would even be the worst because that would be a straight access to blackmail and attacks on customers which I really do not give into. For security reasons, social media kyc is not advisable to do and nobody should be compelled to do such by any bank. It should be optional and not by force.
Banks shouldn't go as far as intruding into customers privacy for no reason because I don't know why social media account should be used as KYC requirements when there are Federal government identities for us to use. However, I haven't come across this news since this thread was created till date.
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To me I don't really encourage such kyc requirements and I would never give to such process. And again you seems not to have understood our country very well, how bank staff are easily defrauding their costumers due to how they senses that their costumers are very wealthy and some staff can have target on them by keep monitoring them to see the kind of lifestyle they live and how they are making money. In fact even without social media handles they often target their costumers while they come and go.
I will agree with you that bankers themselves are very dangerous, they closely monitor people and I believe we are fully aware of arm robbery incidence that usual surface on online dailies were bankers are said to be involved and also patrolled by the police as informant to attacks on their customers and even the bank itself. Social media kyc would even be the worst because that would be a straight access to blackmail and attacks on customers which I really do not give into. For security reasons, social media kyc is not advisable to do and nobody should be compelled to do such by any bank. It should be optional and not by force.
Banks shouldn't go as far as intruding into customers privacy for no reason because I don't know why social media account should be used as KYC requirements when there are Federal government identities for us to use. However, I haven't come across this news since this thread was created till date.
they require social media accounts as it is to verify what is your political views and whether you participate in social media debates. whether you are far right or left that's what they wanna find out.
i come across to this news ling time ago about the job interview where applicants/candicates were asked to like the facebook page of the company. they have to find out whether you are not someone who will disagree to their stance. somehow this is already the basis of job contract.
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To me I don't really encourage such kyc requirements and I would never give to such process. And again you seems not to have understood our country very well, how bank staff are easily defrauding their costumers due to how they senses that their costumers are very wealthy and some staff can have target on them by keep monitoring them to see the kind of lifestyle they live and how they are making money. In fact even without social media handles they often target their costumers while they come and go.
I will agree with you that bankers themselves are very dangerous, they closely monitor people and I believe we are fully aware of arm robbery incidence that usual surface on online dailies were bankers are said to be involved and also patrolled by the police as informant to attacks on their customers and even the bank itself. Social media kyc would even be the worst because that would be a straight access to blackmail and attacks on customers which I really do not give into. For security reasons, social media kyc is not advisable to do and nobody should be compelled to do such by any bank. It should be optional and not by force.
Banks shouldn't go as far as intruding into customers privacy for no reason because I don't know why social media account should be used as KYC requirements when there are Federal government identities for us to use. However, I haven't come across this news since this thread was created till date.
they require social media accounts as it is to verify what is your political views and whether you participate in social media debates. whether you are far right or left that's what they wanna find out.
i come across to this news ling time ago about the job interview where applicants/candicates were asked to like the facebook page of the company. they have to find out whether you are not someone who will disagree to their stance. somehow this is already the basis of job contract.
This has been on for long now as I could recall the day I saw it on face book were someone was talking about it on a short clip video that it does not show any form of privacy and that what has the financial institution got to do with customers social media handle as it is a verification taken too far and as a matter of fact, it breaches ones privacy as the bankers themselves could not be trusted.
I think there is freedom of association which warrants ones ability to share their own views and perspective towards something so doing this does not warrant any organization to put it compulsory on their staff to making their social media handles known to them. It should be a thing of voluntary will and not by force or threatening them to do so. If the organization could encourage their staff to aid in promoting their product through their individual account that would be understandable because it is for the growth and progress of the organization but making it compulsory to look like they are being compelled to do so is not quite alright just to know their political view etc. I do not subscribe to such.
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This has been on for long now as I could recall the day I saw it on face book were someone was talking about it on a short clip video that it does not show any form of privacy and that what has the financial institution got to do with customers social media handle as it is a verification taken too far and as a matter of fact, it breaches ones privacy as the bankers themselves could not be trusted.
I think there is freedom of association which warrants ones ability to share their own views and perspective towards something so doing this does not warrant any organization to put it compulsory on their staff to making their social media handles known to them. It should be a thing of voluntary will and not by force or threatening them to do so. If the organization could encourage their staff to aid in promoting their product through their individual account that would be understandable because it is for the growth and progress of the organization but making it compulsory to look like they are being compelled to do so is not quite alright just to know their political view etc. I do not subscribe to such.
All employees wish to be appreciated and accepted at the workplace, including privacy right and freedom to access privileged information. When employees adhere to corporate cultures where accommodation of the organisational requirements is juxtaposed with personal convenience, there are few strains in working relationships. The need to provide information or be open with the staff informs any policy assists in establishing trust between the organisation and the employees. It is only reasonable that the sweet feeling of choice, without coercion to conform to specific decisions over which they have no control is a better way to go than making demands that push them to conform in order to meet the needs of their employer. By so doing we can be able to offer a positive working culture that respects individual space but within acceptable limits.
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This has been on for long now as I could recall the day I saw it on face book were someone was talking about it on a short clip video that it does not show any form of privacy and that what has the financial institution got to do with customers social media handle as it is a verification taken too far and as a matter of fact, it breaches ones privacy as the bankers themselves could not be trusted.
I think there is freedom of association which warrants ones ability to share their own views and perspective towards something so doing this does not warrant any organization to put it compulsory on their staff to making their social media handles known to them. It should be a thing of voluntary will and not by force or threatening them to do so. If the organization could encourage their staff to aid in promoting their product through their individual account that would be understandable because it is for the growth and progress of the organization but making it compulsory to look like they are being compelled to do so is not quite alright just to know their political view etc. I do not subscribe to such.
All employees wish to be appreciated and accepted at the workplace, including privacy right and freedom to access privileged information.
It is pertinent to know that in every organization, there is freedom to association and right to access tangible information to help in the service delivery but however, organizations have policy governing their staff but that should not be a compulsive one to compel them releasing their private and sensitive information as it pertains to their own personal right. That I think is not right and should not be accepted as it is against privacy policy and right of their staff which is likely against their standards or policy.
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This has been on for long now as I could recall the day I saw it on face book were someone was talking about it on a short clip video that it does not show any form of privacy and that what has the financial institution got to do with customers social media handle as it is a verification taken too far and as a matter of fact, it breaches ones privacy as the bankers themselves could not be trusted.
I think there is freedom of association which warrants ones ability to share their own views and perspective towards something so doing this does not warrant any organization to put it compulsory on their staff to making their social media handles known to them. It should be a thing of voluntary will and not by force or threatening them to do so. If the organization could encourage their staff to aid in promoting their product through their individual account that would be understandable because it is for the growth and progress of the organization but making it compulsory to look like they are being compelled to do so is not quite alright just to know their political view etc. I do not subscribe to such.
All employees wish to be appreciated and accepted at the workplace, including privacy right and freedom to access privileged information.
It is pertinent to know that in every organization, there is freedom to association and right to access tangible information to help in the service delivery but however, organizations have policy governing their staff but that should not be a compulsive one to compel them releasing their private and sensitive information as it pertains to their own personal right. That I think is not right and should not be accepted as it is against privacy policy and right of their staff which is likely against their standards or policy.
The issue is a concern in every organisation to deal with the balance between internal polices and freedom of individual employees. For instance, it is barbarous not to respect an individual’s privacy at the workplace in a healthy work environment is dehumanising. I believe that while making policies it must also be ensured that they facilitate business but optimally do not infringe on the rights of an individual. In essence, organisations indorsing existing boundaries not only develop trust among the members but also make integrity possible besides professionalism. The practise fosters a healthy and non-sexual workplace relationships between the employees.
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This has been on for long now as I could recall the day I saw it on face book were someone was talking about it on a short clip video that it does not show any form of privacy and that what has the financial institution got to do with customers social media handle as it is a verification taken too far and as a matter of fact, it breaches ones privacy as the bankers themselves could not be trusted.
I think there is freedom of association which warrants ones ability to share their own views and perspective towards something so doing this does not warrant any organization to put it compulsory on their staff to making their social media handles known to them. It should be a thing of voluntary will and not by force or threatening them to do so. If the organization could encourage their staff to aid in promoting their product through their individual account that would be understandable because it is for the growth and progress of the organization but making it compulsory to look like they are being compelled to do so is not quite alright just to know their political view etc. I do not subscribe to such.
All employees wish to be appreciated and accepted at the workplace, including privacy right and freedom to access privileged information.
It is pertinent to know that in every organization, there is freedom to association and right to access tangible information to help in the service delivery but however, organizations have policy governing their staff but that should not be a compulsive one to compel them releasing their private and sensitive information as it pertains to their own personal right. That I think is not right and should not be accepted as it is against privacy policy and right of their staff which is likely against their standards or policy.
The issue is a concern in every organisation to deal with the balance between internal polices and freedom of individual employees. For instance, it is barbarous not to respect an individual’s privacy at the workplace in a healthy work environment is dehumanising. I believe that while making policies it must also be ensured that they facilitate business but optimally do not infringe on the rights of an individual. In essence, organisations indorsing existing boundaries not only develop trust among the members but also make integrity possible besides professionalism. The practise fosters a healthy and non-sexual workplace relationships between the employees.
such practice will result to applicants are accepted in company not because o their skills but of their affiliation on political views and how malleable the person is. he may not be helpful or an asset to the company in the end because he was just accepted to some reason.
same thing how things are happening today in hollywood where they re implementing inclusion of just about any race. now they have movie snow white where dwarves are black, gay and some other pronounce they have in mind.
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To me I don't really encourage such kyc requirements and I would never give to such process. And again you seems not to have understood our country very well, how bank staff are easily defrauding their costumers due to how they senses that their costumers are very wealthy and some staff can have target on them by keep monitoring them to see the kind of lifestyle they live and how they are making money. In fact even without social media handles they often target their costumers while they come and go.
I will agree with you that bankers themselves are very dangerous, they closely monitor people and I believe we are fully aware of arm robbery incidence that usual surface on online dailies were bankers are said to be involved and also patrolled by the police as informant to attacks on their customers and even the bank itself. Social media kyc would even be the worst because that would be a straight access to blackmail and attacks on customers which I really do not give into. For security reasons, social media kyc is not advisable to do and nobody should be compelled to do such by any bank. It should be optional and not by force.
I don't see anything wrong with bank's requiring social media accounts as a kyc verification process because to me this is a welcome development and should be encouraged let not look at the disadvantages but the bright side of it because with this move Bank will get to know their customers better by way of following their social media accounts and really gets to know how their customers live their life, I think this move will really help curb cyber crime and financially related crimes
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To me I don't really encourage such kyc requirements and I would never give to such process. And again you seems not to have understood our country very well, how bank staff are easily defrauding their costumers due to how they senses that their costumers are very wealthy and some staff can have target on them by keep monitoring them to see the kind of lifestyle they live and how they are making money. In fact even without social media handles they often target their costumers while they come and go.
I will agree with you that bankers themselves are very dangerous, they closely monitor people and I believe we are fully aware of arm robbery incidence that usual surface on online dailies were bankers are said to be involved and also patrolled by the police as informant to attacks on their customers and even the bank itself. Social media kyc would even be the worst because that would be a straight access to blackmail and attacks on customers which I really do not give into. For security reasons, social media kyc is not advisable to do and nobody should be compelled to do such by any bank. It should be optional and not by force.
I don't see anything wrong with bank's requiring social media accounts as a kyc verification process because to me this is a welcome development and should be encouraged let not look at the disadvantages but the bright side of it because with this move Bank will get to know their customers better by way of following their social media accounts and really gets to know how their customers live their life, I think this move will really help curb cyber crime and financially related crimes
If you think there is nothing wrong with banks requesting social media KYC then there is no issue with it as everyone is entitled to their opinion. If I may ask you this question, let us assume you are a social media influencer in the crypto space, and all your social media handles are actively used in crypto and bitcoin promotion, which you already know the stand of our government and financial institutions in collaboration with the government agencies looking out for crypto dealers and you are asked by your bank to provide your social media handles for KYC will you do that? knowing fully well how crypto and bitcoin enthusiasts are being treated? do you think it would be convenient to do so? do not be surprised that the banks you are supporting and talking about to get to know their customers would still be the same people to set you up and we both know how it goes when it gets to that point of inviting the government agencies to come ask you question at their office when you go to inquire on reasons why your account was blocked or restricted.
I think social media handles for KYC are not necessary because they already got information through the requested documents upon opening of account and through those documents, they could track and do whatever they want to do or get the information they need about their customers so Why openly breach customers privacy with such demand of social media handle for kyc?
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Have you seen the recent development that banks can now demand customers submit their social media handles as part of their KYC requirements? What do you think of this? And what do you think of this if exchanges start demanding social media accounts as KYC requirements?
source (https://businessday.ng/news/article/court-backs-cbn-directs-banks-to-collect-customers-social-media-handles/)
why should banks comes up with that idea,i see no reasons why they should think of such,it's has gone beyond human privacy,for me is not adviceable.
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Personally speaking I don't see anything that is wrong with this move because it's in order and I am in support of it because with the rate and manner that cyber crime and security is now it calls for banks to actually know their customers personally using their social media accounts as a way to check mate on the activities of what their customers do online and it can be a very good tool to actually know if a particular customer is into crime or not with the kind of things that are been posted on the social media accounts so to me I will say it's a good move by banks to actually bring up such measures