57 Results from 2024, /identity
Tristan Prince Product Director, Fraud & Financial Crime at Experian
With UK consumers set to spend £28 billion this festive season, the UK faces another significant surge in identity fraud. With online criminals looking out for more ways to exploit people’s information to commit fraud, financial service firms are under immense pressure to ensure their fraud-prevention systems are fit for purpose. Recent legislatio...
25 November 2024 /identity /crime
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
There should be no doubt that AI will be central for improving also EU competitiveness. But there are many horror stories around that may hinder uptake. Like AI knowing more about your inner self than you ever can - and will use this for commercial reasons and even against your interest (no use to try to pretend anything - or maybe you should ask...
22 November 2024 /retail /identity Innovation in Financial Services
EWC is in my book the most important of the EU Trust Infastructure large scale implementation pilots. It (i) demonstrates how useful the infra will be for enterprises, their staff and the public sector, (ii) speeds up adoption of organisation wallets. 25 (incl Microsoft's) already available according to FIDES: https://www.linkedin.com/posts/bo-ha...
17 November 2024 /retail /identity Innovation in Financial Services
The work on implementing the Trust Infrastructure in Europe is now going into high gear. Today’s Open Wallet Foundation and Findynet meetings and last weeks FIDES Plugfest - just to mention a few - show that the progress is real. The benefits for Society at large, every citizen and organisation have from the outset made it clear that remaining issu...
13 November 2024 /retail /identity Innovation in Financial Services
Alex Kreger Founder and CEO at UXDA Financial UX Design
As banks race to adopt cutting-edge digital technologies, many are making a critical mistake: they’re letting technology overshadow their brand. In a world of rapid digital transformation, where AI, blockchain, and data analytics are becoming standard, what truly sets a financial institution apart isn’t its tech stack but its brand identity. Succe...
05 November 2024 /retail /identity Marketing in Financial Services
Thought provoking to say the least. If you have not moved from Googling to asking ChatGPT and even letting it talk on your behalf - now is the time. https://www.linkedin.com/posts/bo-harald-4768b51_accountable-ai-activity-7257618910315724800-H0vV?utm_source=share&utm_medium=member_desktop
03 November 2024 /retail /identity Innovation in Financial Services
Jonathan Westley Chief Data Officer, Experian UK & EMEA at Experian
We’re living in a world where we, as consumers, expect very user-friendly experiences and things to happen at lightening speeds. To deliver on these expectations, those working in the financial services industry need to leverage digitisation, mobility and big data. As we head into 2025, leaders should be asking themselves a few questions. Are we ...
28 October 2024 /identity /predictions
Adam Preis Global Strategist at Ping Identity
The Dawn of Open Banking in the U.S. “The CFPB’s final Section 1033 rule marks a pivotal moment for millions of consumers across the country [U.S.], who, for the first time, have a legally binding right to access and share access to their financial data,” Steve Boms, Executive Director, FDATA North America. “With the right consumer protections in...
24 October 2024 /retail /identity Banking
Nico Barawid Co-founder at Tunic Pay
It’s been a busier year than usual for fraud teams at UK banks as they’ve grappled with significant regulatory change handed down on a tight deadline in an effort to stem the rising tide of payments fraud. Starting 7 October, every UK retail bank is required by the Payment Systems Regulator (PSR) to reimburse customers who lose money in proven inst...
14 October 2024 /identity /crime Fintech
Gus Tomlinson Managing Director, Identity Fraud at GBG
Money laundering and fraud is a serious threat to the UK economy. Fraud accounts for nearly 40% of all crime, while the National Crime Agency estimates over £10 billion is laundered in the UK each year via money muling alone – the act of moving criminal funds through clean bank accounts on behalf of malicious actors, either in return for payment ...
14 October 2024 /identity /crime Digital Identity Management
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