349 Results from /identity
Clare Joy Strategy & Expansion Lead at Onfido
When developing new technologies, we must ensure that they operate fairly. At a time when identity is increasingly being used as the key to digital access, any technology based on identity must function fairly and equally for everyone, regardless of race, age, gender, or other characteristics leading to human physical diversity. While digital serv...
27 August 2021 /inclusion /identity Artificial Intelligence and Financial Services
Giles Sergant Director at Consultant
In his address earlier this month to the American Enterprise Institute, the Fed’s Governor Chris Waller described CBDCs as “a solution looking for a problem”. Time will tell if he’s right. Many said the same of Open Banking in 2017 when it emerged freshly minted under PSD2. Commentators at the time (not just bankers) also questioned the sufficien...
16 August 2021 /retail /identity Banking Strategy, Digital and Transformation
Nick Almond Founder at Finance.vote
Throughout 2021, we’ve seen a new wave of censorship hitting the legacy web. There is real evidence that censorship is growing in scale and scope and it is most certainly something we should be increasingly vigilant of. The phenomenon of deplatforming has been discussed for a while, but it hit arguably its most public peak in January when Donald Tr...
12 August 2021 /crypto /identity Cryptocurrency Insights
Retired Member
The financial services industry is facing an increasing number of issues related to the adoption of cloud-based services. The growth of cloud and SaaS has accelerated with the consumerisation of information technology, along with the shift to working from home. Users have become comfortable downloading and using apps and services from the cloud to...
23 July 2021 /security /identity Banking Strategy, Digital and Transformation
Barley Laing UK Managing Director at Melissa
With more people engaging and transacting with organisations online during the pandemic, there has been a corresponding rise in fraudulent activity. In the banking industry the Office for National Statistics (ONS) found a 68 per cent increase in remote banking fraud in 2020. Furthermore, research from UK Finance reveals that £479 million was lost...
02 July 2021 /regulation /identity Digital Identity Management
Banking is no longer limited to four walls of a building. In the UK, three-quarters (73%) of consumers now use digital banking channels on a weekly basis, as people grow increasingly accustomed to their ease and convenience. But this isn’t without some downsides. Mobile functionality, blockchain integration and emergence of banking-as-a-service ha...
30 June 2021 /security /identity Banking Strategy, Digital and Transformation
During last months, I asked many of my friends and family members regarding their experiences while opening an account with one of the thousands of Fintechs or setting up new account with car/scooter sharing company or other similar usercases espeically requiring identity verification. Given my background in identity management and digital ident
26 June 2021 /identity /crime Artificial Intelligence and Financial Services
René Hendrikse Vice President & Managing Director, EMEA & LATAM at Mitek
When it comes to choosing where to go for holidays, or which restaurants to eat out at and what exactly we want to eat, we usually stick to what we are familiar with. Then came 2020 and the tables were turned: new experiences became everyday norms, and everyday norms became a distant memory. Since the pandemic, we have become reliant on technology...
07 June 2021 /security /identity Online Banking
Eduardo Castro Head of Identity and Fraud at Experian
New official figures have revealed the extent of the threat posed by online fraudsters. The National Cyber Security Centre (NCSC) has removed more scams in the last 12-months than in the previous three years combined. The surge in scams has been fuelled by the pandemic, with fraudsters launching a host of phishing attacks via email and text message...
20 May 2021 /security /identity Biometrics
In the finance world, everything’s gone digital. If you’re still trying to verify customers’ identity by asking where they lived ten years ago, or making them jump through manual hoops like sending small “test” transactions to verify a linked account, you’re falling behind. How you verify identifications and authenticate customers has a big impact...
27 April 2021 /regulation /identity Banking Strategy, Digital and Transformation
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