309 Results from /identity
Stephan Wolf CEO at Global Legal Entity Identifier Foundation
LSEG (London Stock Exchange Group), Zimbabwe’s NMB Bank Limited, GLEIF, Cenfri and Cornerstone Advisory Plus recently collaborated to launch the first iteration of GLEIF’s digital business identity initiative in Africa. This has been a success for all involved, making it a model showcase for how small and medium-sized enterprises (SMEs) across the...
17 November 2021 /inclusion /identity Financial Inclusion
Barley Laing UK Managing Director at Melissa
The recent release of the Pandora Papers has shone a light on the sometimes unethical or corrupt practises of the politically connected and the super-rich. For those in financial services the Papers highlight the importance of having access to politically exposed persons (PEPs) data as part of their anti-money laundering (AML) checks. In the UK, ba...
10 November 2021 /regulation /identity Banking Regulations
It is convenient and much more efficient for people to conduct financial business on the web. On the flip side, the growth in online transactions has led to a substantial increase in fraudulent activity, which has governments and regulators around the world concerned. Research undertaken by TransUnion recently found that fraud in financial service...
20 October 2021 /identity /crime Banking Regulations
Retired Member
The Consumer Data Right, first introduced by the Australian Government in 2017, seeks to promote innovation and competition by giving “consumers greater access to and control over their data”. The roll out, which is being implemented in stages, began with the banking sector in July 2019 with the requirement for Australia’s four major banks to make...
14 October 2021 /startups /identity Open Banking
Kartik Swaminathan Author - 3F: Future Fintech Framework & Founder at Fintastech (Fintech Consulting & Coaching)
A Centralised & Digitised Know your Customer ecosystem is quite beneficial in the new age digital economy. It helps quickly onboard customers and avoids duplicates w.r.t submission of documents. That is not all, it helps reduce acquisition costs and improves compliance. In the long term, it also helps in making KYC truly effective and rationali...
05 October 2021 /regulation /identity Digital Identity Management
Guillaume Forget Executive Vice President at Cryptomathic GmbH
On 21st September, the Swiss-based train manufacturer, Stadler, announced that it lost a €3bn contract with the Austrian Federal Railways ÖBB due to a legally impermissible electronic signature on the purchase agreement.[1] The consequences of such a failure are serious. The costs inherent to a multi-billion public tender are counted in millions a...
04 October 2021 /regulation /identity Digital Identity Management
Robert Prigge CEO at Jumio
In recent years, anti-money laundering (AML) has become an increasingly sophisticated criminal activity. It’s estimated that between 2% and 5% of global GDP is laundered each year, and identity theft has now become one of the top money laundering trends. It’s therefore not surprising that AML rules have been required to keep up. In a race to stop ...
24 September 2021 /regulation /identity
Portability is a key capability for fintech’s in future, as it enables the customer to switch over / transfer his account, from one Financial provider to another. This can be for various reasons, like he is unhappy with existing provider, or wants to switch, because he is getting better pricing, features etc. Portability also enables business cont...
24 September 2021 /regulation /identity Standards Forum
There’s no doubt that a full digital ID reality is imminent. But tens of thousands of organisations across the globe have done little to prepare for it. They still have unanswered questions. Despite the myriad of events taking place across the globe exploring, addressing and solving digital ID problems, they’re not answering the key questions for ...
13 September 2021 /identity Digital Identity Management
Stu Bradley Sr. VP of Risk, Fraud and Compliance Solutions at SAS
As the rapidly spreading coronavirus spurred lockdowns and ongoing social distancing measures around the world, consumers flocked to digital channels to replace or supplement face-to-face interactions. Mobile apps and online channels correspondingly mushroomed. In the US, for example, banks saw mobile business grow 50% in the first half of 2020. Ne...
30 August 2021 /payments /identity Digital Identity Management
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.