Social media account as KYC requirement?

[SmartGold01]

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.

[Yamzakid]

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.

[Cryptsafe]

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.

[Chilwell]

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.

[Sim_card]

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.

[electronicash]

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.

[Cryptsafe]

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.

[Axcel777]

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.

[Cryptsafe]

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.

[Axcel777]

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.

[electronicash]

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.

[Agbe]

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

[Cryptsafe]

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?

[Penlex_Writer]

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

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.

[Agbe]

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