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Cranleigh

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2022

Gary Benson

Commercial Director at YDK Technologies Ltd

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Banks must act now to embed themselves in the digital identity market

2023 - welcome to the 21st Century, at last! Banks can (will, with a bit of coaxing) form a cornerstone in the provision of verified Digital Identity to their customers. Reinforcing their role as a trusted partner for life, the retail banks can bundle Verified Digital Identity into the packaged services they provide their customers, without any need for technical investment, simply diligently selecting an existing solution and participating in the Trust eco-system. Removing/reducing financial and social fraud as well as online abuse is a great contribution to society; and with the UK's Online Safety Bill likely to be passed by the summer, some 24,000 UK organisations that provide regulated content or product will need to deploy a real solution ........... and that starts with the citizen-consumer, the bank's client, taking back control of their Digital Identity and how & when it is used. I should declare an interest here - YourDataKey has built this real-time Verified Digital Identity solution already

01 Feb 2023 Reply Read article