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Discuss upcoming trends in digital proofing, authentication, fraud and digital identity management.
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Donica Venter
In recent years, Africa has witnessed substantial growth in its digital landscape, significantly altering the way people access financial services. Digital innovations, particularly in the domain of digital identity, have played a central role in extending financial access and fostering inclusion across the continent. In this discussion, we delve ...
30 October 2023 /payments /inclusion
Barley Laing UK Managing Director at Melissa
Finextra recently reported that many of those in financial services were found wanting with their sanctions screening efforts by the Financial Conduct Authority (FCA). After a survey of sanctions controls at 90 firms the FCA uncovered deficiencies across staffing, technology and reporting networks, leading to a lack of adequate resources to ensure...
16 October 2023 /regulation /identity
Fraud, whether by an individual or a business, is on the increase. This is largely due to many banking services being accessible online – a convenience that comes with some risk. To help prevent fraud, as well as to ensure compliance with existing know your customer (KYC) and Anti-Money Laundering (AML) regulations; know your business (KYB) and KYC...
26 September 2023 /regulation /identity
Clare Rowley Head of Business Operations at Global Legal Entity Identifier Foundation (GLEIF)
Money laundering and terrorist financing create significant systemic risks in the global financial system. The intricate webs spun by fraudsters and criminals to evade detection crisscross national borders and legal jurisdictions, commonly exploiting multiple financial institutions and legal entities. In today's instant digital economy, this is ex...
08 September 2023 /identity /crime
Retired Member
Our research last year revealed that at least six million people in the UK are ‘ID Challenged’. This means that they struggle to prove who they are in order to access the products and services they are entitled to – in both the private and public sectors. Digital ID is rapidly being rolled out by all sectors as the primary way to access those serv...
27 July 2023 /inclusion /identity
Inna Demchenko Head of project at Bank
The implementation of remote identification and the ability to become a new customer without physically visiting a branch revolutionized banking services. In Europe this process remained mostly hybrid and involved only online ordering of a card, but with a mandatory visit to a branch to sign documents upon card receipt. At the same time in Ukraine ...
22 May 2023 /retail /identity
Guillaume Forget Executive Vice President at Cryptomathic GmbH
The UK's relationship with the EU has been tumultuous in recent years, especially in the wake of Brexit. With regards to digital identities, former Prime Minister Tony Blair's, statement that "everyone in the UK should be issued with a digital ID" has sparked heated national debate and left many wondering if the UK will follow suit with ...
19 May 2023 /regulation /identity
Across the globe, we are seeing country after country making digital ID a primary option for consumers (and businesses) to access both public and private sector services. In some countries, it is entirely led by the government, while in others it has been taken on by the private sector. The ecosystem to allow this is now established in most places...
04 April 2023 /identity
Eduardo Castro Head of Identity and Fraud at Experian
Romance scams are an especially cruel way to dupe a victim. Gaining their trust and fooling them into thinking they’re romantically involved, before exploiting that trust and using their personal information to take out borrowing in their name – or simply getting them to transfer cash – is particularly heartless. But the scams are not just a cons...
13 February 2023 /identity /crime
For banking and financial services across the globe that embrace digital ID, the benefits will be vast. The digital ID ecosystem to enable this now exists and is rapidly expanding. Offerings are emerging around the globe that allow financial services firms to access digital IDs from a range of suppliers – spearheaded in the UK, for example, by tra...
17 January 2023 /inclusion /identity
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