47 Results from 2022, /identity
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Especially in the Nordea Bank stage we started to think that the then 4 million strong e-Banking user habit and trust should be reused for other interaction purposes than traditional payments and other banking services. With 10 million private and 1 million corporate customers there must be an enormous customer and societal value in interacting al...
29 December 2022 /retail /identity Banking Strategy, Digital and Transformation
In these dark days of brutal military aggression, it is important to find time to also look forward and discover new ways to make Europe more competitive and secure. The next phase of digitalization – the trusted data infrastructure based on Self-Sovereign Identity and MyData principles - is now an opportunity on an unprecedented scale. The impa...
29 December 2022 /regulation /identity Banking Strategy, Digital and Transformation
Martin Wilson Chief Executive Officer at OneID
The 2022 Qatar World Cup highlighted how the sports industry is increasingly merging with technology. Technology took centre stage, helping officials make critical calls, keeping spectators safe and fans engaged and providing players with access to data after their matches. Organisers have also embraced digital identity, with all local and interna...
23 December 2022 /payments /identity
Philip Chethalan Marketing Manager at Subex
APIs provide rapid and scalable applications for banking, payments, and other businesses that require identity verification for AML and KYC compliance. In most countries, some firms are obliged by law to comply with AML and KYC. When such firms authenticate their consumers, APIs may provide a faster, simpler, and less expensive way to comply while ...
13 December 2022 /identity /crime Biometrics
Steve Bradford Senior Vice President EMEA at SailPoint
As an industry, financial services are significantly vulnerable to cyber-attacks. The Bank of England recently surveyed executives in the UK financial sector, finding that a staggering three-quarters (74%) deemed a cyber-attack to be the highest risk to the financial sector in both the short and long term, followed closely by inflation or a geo-po...
09 December 2022 /identity Banking Strategy, Digital and Transformation
Yahya Mohamed Mao Head of Business Development & Marketing at Swiss GRC
Central banks and financial supervisors worldwide are making progress in the identification, assessment, and management of climate-related financial risks. Banks are increasingly being required by regulators to address climate risk. Some have begun, but many must still develop plans, build capabilities, and develop risk-management frameworks. Pr...
05 December 2022 /regulation /identity Banking Regulations
Stan Cowan
Risk-based credit pricing can be a great way to expand community-based financial institutions’ loan portfolios while providing the communities they serve with a way to repair credit and obtain needed funding without having to engage with predatory lenders. But it must be done carefully to ensure the financial institution is not unnecessarily expos...
01 December 2022 /identity /crime Financial Risk Management
Eduardo Castro Head of Identity and Fraud at Experian
It has been another busy year for fraudsters. With consumers seemingly targeted by an ever-increasing range of tricks and scams designed to part them from their money or personal information, the risk has never been greater. New insights from Experian show that identity theft has risen by more than a fifth (21%) over the course of 2022. The trend b...
29 November 2022 /security /identity
Employee Onboarding effectiveness defines whether your employee will be engaged or disengaged at work, depending on the impression created on them. Poorly managed onboarding can lead to abandonment, especially for youngsters. According to an SHRM article: 69% of employees stay longer with good onboarding A structured onboarding program will make 5...
25 November 2022 /people /identity Information Security
David Vilf Global Product Lead in Digital Identity at Onfido
Millions are spent annually on Know Your Customer (KYC) and anti-money laundering (AML) procedures as businesses strive to confirm identities and fight money laundering. The rise of online banking and payments has made due diligence increasingly complex to navigate - so what elements should you consider when building a robust and reliable eKYC sol...
24 November 2022 /regulation /identity RegTech
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