309 Results from /identity
Clare Rowley Head of Business Operations at Global Legal Entity Identifier Foundation (GLEIF)
The need to harmonize cross-border trust services continues to grow in line with the ever-increasing volume of trade and commerce taking place globally across digital platforms. In this effort, the LEI can play a fundamental enabling role. The Financial Stability Board (FSB) has already endorsed the LEI to support the goals of its G20-endorsed Road...
05 July 2024 /payments /identity Digital Identity Management
Eli Talmor CEO at ID-Bound
DeFi - Addressing the Limitations of Traditional Finance. DeFi, or Decentralized Finance, aims to tackle several problems users face with traditional financial systems: Limited Access: Traditional finance often excludes people due to factors like geographical location, credit history, or minimum balance requirements. DeFi, built on blockchain techn...
03 July 2024 /regulation /identity Decentralized Finance (DeFi)
Simon Horswell Fraud Specialist Manager at Onfido
In today’s digital world, 81% of people access online services daily. Against this backdrop, verifying identities online has become a new business standard. It’s a yardstick to measure an organisation’s digital readiness and resilience, which is why 1 in 2 end users now encounter digital identity verification (IDV) during the registration process....
25 June 2024 /identity Digital Identity Management
Brittany Allen Trust & Safety Architect at Sift
Walking the floor at the recent Merchant Risk Council (MRC) annual Las Vegas conference, I was struck by how often one particular topic kept coming up in my conversations with merchants across different verticals and sizes: refund fraud. Industry leaders and practitioners are seeing rampant refund abuse, representing a significant source of financ...
21 June 2024 /identity /crime
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Proposal to the EWC consortium (the large scale EU pilot led by Sweden and Finland). As: 1. EWC is focusing on the all-important organisation wallet (general purpose and interoperable for states, municipalities, enterprises and 3rd sector organisations). 2. All credential exchange (credentials also needed for exchange of mass data in Data spaces,...
18 June 2024 /regulation /identity Innovation in Financial Services
Steve Wilcockson Technical Product Marketing at Quantexa
The problem: Generative AI Large Language Models (LLMs) can only answer questions or complete tasks based on what they been trained on - unless they’re given access to external knowledge, like your organization’s knowledge. LLMs can be fine-tuned, but it's an expensive endeavor. As a result, deploying enterprise context in conjunction with LLMs has...
18 June 2024 /ai /identity Artificial Intelligence and Financial Services
- no one will be interested in that online bank (early 1980s > half a million customers were using it in Finland when Internet came) - one-time passwords are far too difficult to use (served well until replaced mostly by face) - the identification service does not belong to banks (it has been heard from the times of Venice). Adopted first for i
13 June 2024 /retail /identity Innovation in Financial Services
The planned MyData conference in Helsinki in May/June 2025 should carry the name Credential Fest. There first of all central and local governments should be given the opportunity to list all credentials they issue to already now already citizen and organisation wallets. Followed by lists of forthcoming ones and how they themselves use organisation...
11 June 2024 /retail /identity Innovation in Financial Services
Steve Bradford Senior Vice President EMEA at SailPoint
Financial services is one of the most regulated and well-resourced sectors when it comes to cybersecurity. Yet it’s also one of the biggest targets for increasingly sophisticated cybercrime, with hackers seeking its lucrative assets. In 2023, the number of ransomware attacks in the financial industry rose by nearly two thirds (64%), almost doubli...
07 June 2024 /security /identity Digital Bank Transformation
Barley Laing UK Managing Director at Melissa
It has been estimated by MITSloan that the cumulative cost of inaccurate data is 15 to 25 per cent of revenue for most organisations. This is because poor quality data wastes resources, undermines everyday operations and communications – particularly personalised customer communications. It causes inefficiencies in both time and money in the creat...
06 June 2024 /regulation /identity Data Management and Governance
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