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Karen Wendel, CEO of IdenTrust examines the need for proper KYC, while acknowledging the unnecessary friction those regulations sometimes cause.
Nothing like self-actualizing the terminator! Very good interview.
There seem to be two themes - one about managing our digital identities as held by those organisations who have checked us out, and, the role out of spin off identities that get created as we create links between those organisations and overlay extras such
as the inanimate "fridges".
One point that was only touched on was the variety of ways in which regulators believe identity can be proven (and our lack of knowledge and therefore abilty to trust those systems). Mother's birth certificate is one extreme (I hope) of a spectrum, but serves
to prove an issue in my world of international payments. Can I trust the source of a payment, and will I be fined if "dodgy" money moves through my systems. If my US bank customer receives money from Argentina, should I even allow them to have it when the
regulations seem at odds with my regulators expectations. Conversely, the World Bank sees identity as a lower prioirity to facilitating remittances ro the developing world. PSPs in the UK have had to go to law to get Barclays to review its approach to not
allowing moeny to be sent to Somalia.
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Jonathan Hughes, Co-Founder, Pollinate International, speaks at Sustainable Finance. Live about how Pollinate are working with banks to inform them and their customers about better buying decisions to help the environment, changing consumer views about their carbon footprint, the supply chain & impact of purchasing data and whether enough banks have enough of an appetite for Sustainable Finance.
18 Dec 2019
Lars Sjögren, CEO, P27, speaks to Hannah Wallace from Finextra Research at NextGen Nordics about the theme of the event, P27 Momentum. We cover the roll out to 2021, what banks can do to prepare and calculate the next stage, what will be the big questions left to solve and what we can expect from next year's event.
Anna Poberezhna, Founder, CEO, Smart4tech, speaks at Sustainable Finance. Live about Green Finance through redefining the value of water through digitisation and integrated water resource management and redesigning processes & products through the lens of system thinking & tech to make the world a better place. She speaks about the Circular Economy and the efforts to build optimisation and innovations to re-design the way the economy works by addressing value chain versus supply chain.
Lars Sjögren, CEO, P27 & Liz Oakes, EVP, Market Development, New Payments Platforms, Mastercard, speak at NextGen Nordics: P27 Momentum about moving the Nordics from a fragmented landscape into one platform to improve security and encourage collaboration, the ambition involved in creating this cross-border, multi-currency platform and the importance of transparency around conflicting interests between competitors.
17 Dec 2019
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