31 Results from 2020, /identity
Steve Cook Digital Identity & Biometrics Consultant
In today's world of biometric authentication and digital identity, proving that someone is real is a serious challenge for online and mobile services. Deepfakes, 3D masks, and even fake photos of people can cause problems for digital onboarding vendors as well as other digital enrolment processes. This in turn affects entities such as banks and mer...
16 December 2020 /retail /identity Biometrics
Retired Member
Today’s AI-driven KYC platforms help banks, fintechs, insurers and more onboard customers and catch fraud at a higher rate—with less dropoff—than ever before. Through the sequential use of proprietary AI algorithms, these platforms maximize accuracy while trimming minutes off ID processing times—without sacrificing security. Advanced image process...
11 December 2020 /regulation /identity Artificial Intelligence and Financial Services
A business which asks for too much information or is confusing about their data needs will simply alienate the customer. Customer onboarding has always been important, but in the new digital world, where most things can be found, bought and sold with the touch of a button, customer expectations and demands have increased. So what happens if there i...
11 December 2020 /regulation /identity Innovation in Financial Services
“The human face is, after all, nothing more nor less than a mask.” Dame Agatha Christie, the famous murder-mystery writer, once said. Our face is just a mask in an ocean of masks, and it only shows what we want to show, not who we really are or how we feel. While this quote refers to the process of how we tend to hide our true emotions, it could al...
10 December 2020 /regulation /identity Innovation in Financial Services
John Cant Managing Director at MPI Europe Ltd
When a financial sector customer becomes less active it is often an important signal that they have reached a new stage in their lifecycle, and critically need specific handling. We will look at some possible customer states that all share this common symptom but require quite different handling and priority from different business functions. The
08 December 2020 /identity /crime Data Management and Governance
Barley Laing UK Managing Director at Melissa
The global growth of banks and challenger fintechs based in the western world has long been restricted because of issues related to effective identity (ID) verification. The stumbling block has been large parts of the world’s population, particularly in Africa and Asia, lacking verifiable private addresses and internationally recognised IDs. This ...
04 December 2020 /regulation /identity Banking Strategy, Digital and Transformation
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Why, how and what described in the somewhat busy picture below. It works well as animated and walked through. But I will try with some brief points here: Why? The goal is to remove friction from the economy. Friction caused by paper, not real-time, lack of trust in counterparts and data, unstandardized data, need to search for data from many source...
16 November 2020 /retail /identity Blockchain in Banking and Financial Services
In the past two years regulators in some jurisdictions (most notably the Nordics, UK and the Netherlands) have started to increasingly focus on the quality and completeness of existing client records—including documentation of risk assessment. One of the greatest challenges with these situations is that they create overnight urgency to act. Once th...
09 November 2020 /regulation /identity Banking Strategy, Digital and Transformation
“If you can’t stand the heat, get out of the kitchen.” U.S. President Harry Truman famously said it to his war contracts team. CEO’s prepping for an IPO deploy it with their marketers. Headlines flash warnings encouraging brands to race “to IPO while Stocks are Hot” and 2020 is a “Steaming Hot Market.” After a massive sell-off to start the year,...
09 November 2020 /identity /markets Marketing in Financial Services
Stephan Wolf CEO at Global Legal Entity Identifier Foundation
By adjusting their onboarding processes financial institutions can enhance their client experience, reduce costs and pave the way for new cross border services, explains Stephan Wolf, CEO, Global LEI Foundation. It’s no secret that regulatory compliance doesn’t always sit comfortably with a bank’s desire to deliver a smooth, hassle free user experi...
09 November 2020 /security /identity Digital Identity Management
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