I'm exploring the idea of developing a KYC (Know Your Customer) API and SDK kit. However, I keep hitting a mental roadblock when it comes to the concept of 'trust.' With the sensitive nature of personal identity information (PII) that KYC involves, I'm worried about whether I, as a solo entrepreneur, can build enough trust to succeed. Would companies prefer to stick with well-known providers instead of a new player like me? I'm focusing on specific niches such as iGaming, crypto, or fintech and want to market it on platforms like RapidAPI, while also creating detailed documentation and a landing page offering a UI kit for KYC solutions. So, do you think trust will be a major hurdle for my venture?
1 Answer
Definitely! Trust is crucial because you're dealing with a lot of sensitive personal data. Without trust, companies are less likely to use your API since they need to ensure compliance and security.
How can I build trust? Is it possible as a small company?