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Latest Results from /identity

What is digital identity?
Hamish Monk

Hamish Monk Reporter at Finextra

What is digital identity?

Digital identity is the sum of online information on an individual. This can be any form of data associated with a person’s name – be it date of birth, address, email, or even social media posts and interactions. As such, digital identity can be thought of as an online avatar, representing the spheres of one’s personal and professional life. The c...

/identity

How to verify a digital identity
Hamish Monk

Hamish Monk Reporter at Finextra

How to verify a digital identity

In May 2024, the European Union’s Digital Identity Regulation came into force – requiring member states to offer at least one EU Digital Identity Wallet to citizens, by 2026. Given digital identity is a relatively new theme in Europe, the uninitiated’s perception of it will be prejudiced by the representation in films – whether it be Ethan Hunt a...

/identity

Identity verification: How to strike a balance between speed and security
Madhvi Sonia

Madhvi Sonia Head of Content at Finextra

Identity verification: How to strike a balance between speed and security

Customers require faster speed and greater agility from their payments providers. This is now of paramount importance with emerging trends coming to the fore such as card-not-present transactions, adoption of contactless payments, and new financing options at the point-of-sale. As more transactions become digital, opportunities for financial crime...

/identity

The Future of Digital Identity: Separating the digital from the individual
Níamh Curran

Níamh Curran Senior Reporter at Finextra

The Future of Digital Identity: Separating the digital from the individual

This is an excerpt from Finextra’s report, ‘The Future of Digital Identity 2022: Inclusive, secure, fit for purpose.’ The majority of the world's population now has some form of digital identity. These can come from our own social media presence, but also our banks and the companies we use. “We are not in control of the number of identities we have...

/identity

The Future of Digital Identity 2022: Equitable development and accessing digital identity
Hamish Monk

Hamish Monk Reporter at Finextra

The Future of Digital Identity 2022: Equitable development and accessing digital identity

This is an excerpt from Finextra’s report, ‘The Future of Digital Identity 2022: Inclusive, secure, fit for purpose.’ The ability to prove one’s identity will soon be foundational to accessing many life-enhancing services, including healthcare, education, and in particular, financial services. Yet, 1.5 billion people around the world still do not h...

/identity

The Future of Digital Identity 2022: Preventing fraud in the 5G and IoT era
Madhvi Sonia

Madhvi Sonia Head of Content at Finextra

The Future of Digital Identity 2022: Preventing fraud in the 5G and IoT era

This is an excerpt from Finextra’s report, ‘The Future of Digital Identity 2022: Inclusive, secure, fit for purpose.’ The Covid-19 pandemic has proven that digital accessibility and digital provisioning must be seamless, and services must be able to scale at a rapid rate. Servicing must not be at the expense of security and risk-based decisions mus...

/identity

The Future of Digital Identity 2022: Data sovereignty and interoperability
Paige McNamee

Paige McNamee

The Future of Digital Identity 2022: Data sovereignty and interoperability

This is an excerpt from Finextra’s report, ‘The Future of Digital Identity 2022: Inclusive, secure, fit for purpose.’ Extensive discussion around who should be the guardian of digital identity solutions are well established, and sophisticated models outlining the strengths and pitfalls of multiple approaches are abundant. However, when it comes to ...

/identity

The Future of Digital Identity 2022: Governing digital identity wallets
Paige McNamee

Paige McNamee

The Future of Digital Identity 2022: Governing digital identity wallets

This is an excerpt from Finextra’s report, ‘The Future of Digital Identity 2022: Inclusive, secure, fit for purpose.’ Increased digital and online interactions, consumer demand for seamless identity across uses, demand for security and privacy, financial and reputational risk of identity theft and fraud, acceleration of governments’ efforts toward ...

/identity

The Future of Digital Identity 2022: Global schema for digital identity wallets
Paige McNamee

Paige McNamee

The Future of Digital Identity 2022: Global schema for digital identity wallets

This is an excerpt from Finextra’s report, ‘The Future of Digital Identity 2022: Inclusive, secure, fit for purpose.’ Data taken from Oliver Wyman’s report ‘Digital Trust: How banks can secure our digital identity’ EU: Currently a coordinated effort to bring digital identity to the European Union. To meet the objective of 80% adoption all EU member...

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Toward a European digital identity
Retired Member

Retired Member

Toward a European digital identity

Last June the European Union announced the future creation of digital identity wallets as part of a change in its electronic identification regulations. The measure represents a major step forward in the harmonization of identity systems in Europe. Obviously, the Covid-19 crisis has provided an extraordinary boost to digitalisation, and the capacit...

/identity

The future of payments: Digitising identity
Paige McNamee

Paige McNamee

The future of payments: Digitising identity

As almost one billion people lack a formal means of identification, and almost half of the entire global population have some form of ID but no digital trail, calls to rectify this situation are wide and intensifying. In addition to the humanitarian factor, opportunity for value creation through the development and delivery of digital identity pla...

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The Westminster Series: Why the UK needs a trusted digital identity system
Chris Holmes

Chris Holmes Peer at House of Lords

The Westminster Series: Why the UK needs a trusted digital identity system

My heart sank last week when I noticed the hashtag #NHSDataGrab trending on twitter. Public anxiety about the use of their medical – or indeed any personal data - is entirely understandable. As Elizabeth Denham, the Information Commissioner said “It is clear that there remains considerable confusion regarding the scope and nature of the [data-shari...

/identity

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