Latest opinions that Vikas Seth has shared on Finextra

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Vikas Seth

Chief Product Officer

IDnow Gmbh

Member since

23 Mar 2019

Location

Germany

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Vikas's opinions

Identity Verification - What is under the hood? Let's explore...

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

Why companies need to think of remote customer onboarding in a Holistic Manner

As per recent report from Wall Street Journal one quarter of 165,000 branches of various banks in Europe will go away in next three years (https://www.wsj.com/articles/european-banks-use-pandemic-to-clean-house-11613298601). In 2020, one of the biggest car rental company closed more than 600 physical locations in Europe and middle east (https://ww...

04 April 2021 /regulation /identity Digital Identity Management

Everyone with payment wallets but how about Identity Wallets

Being in identity and security space for quite a while now, obviously when I talk to friends and family, they all get excited about whole identity verification and cutting-edge technology behind it. One very logical and obvious question I often get asked is, “Well I have this payment app/wallet (Apple pay or google pay or Paytm or what not) I am u...

24 January 2021 /payments /identity Digital Identity Management

C'mon UBER, You can still lead by Example

Even though UBER being banned from London is old news (from 3 months ago), this is still quite relevant nowadays https://www.bbc.com/news/business-50544283 The reason as stated in new articles was that UBER had some fake drivers (either holding invalid licenses or not insured) going through verification process successfully. The fact that fraud i...

12 February 2020 /ai /crime Biometrics

eIDAS and Electronic Signatures, A positive way forward for European organizations

eIDAS and electronic signatures – A positive way forward for European organizations Electronic signatures have gained popularity over the years due to the level of convenience and security around this solution. With the introduction of the eIDAS regulation in July 2016, there has been a significant increase in their application and acceptance.

06 February 2020 /regulation Digital Banking Trends

How to improve your business with strong online identity verification

Going global means breaking geographical barriers and allowing people to connect from anywhere at any time. Every day, we see various business processes being digitized to allow businesses to go global. In this digital age, where an increasing number of companies are offering virtual services, strong authentication with online identification hold

04 December 2019 /retail /crime

Why reliable identity verification should matter for the online gaming industry

Online gaming industry is growing, and data says there will be 820 million online gamers in 2023*, that's an increase of over 26 percent compared to 2018. One of the key challenges that industry faces is allowing verified, age appropriate users to indulge into online gaming and protect underage users from accessing age restricted content. Regulato...

03 November 2019 /security