216 Results from /identity
Martin Wilson Chief Executive Officer at OneID
The subject of Digital Identity hit the headlines again at the end of 2021 as the UK introduced a digital covid pass which was met with serious concerns about data privacy, civil liberties and the introduction of a National Identity Scheme by stealth. What many people don’t realise is that they already give up their identity data online every day....
25 January 2022 /wholesale /identity
Steve Morgan Banking Industry Market Lead at Pegasystems
Banks seem to struggle on applying anti-money laundering controls, despite their obvious determination to not break the law and support initiatives to stop criminal activities and terrorist funding. Even the biggest banks have problems, as the UK’s financial regulator reported in December 2021. The regulatory pressure to focus on know-your-custom...
20 January 2022 /identity /crime Law and Finance
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
First about the ladders & platform metafora. Ladders have steps - new services that make it possible and interesting to take the next step. The rails can be made strong by using materials like trust, habit, generic tools, convenience for builders and users, productivity improvements, security, legislation, economy of scale, economy of scope et...
16 January 2022 /retail /identity Innovation in Financial Services
Robert Prigge CEO at Jumio
According to UK Finance, there was an 84% surge in “impersonation scams” at the start of the pandemic as fraudsters looked for ways to capitalise on COVID-19. With our financial lives now heavily online, accelerated by the pandemic and 100 bank branches shutting every month across the UK, financial organisations are under increased pressure to ke...
21 December 2021 /regulation /identity Information Security
Retired Member
The holiday shopping season is in full swing. Online sales are forecast to hit over £32 billion from mid-November to the end of December 2021. However, it’s not all glad tidings; more online shopping equals more sharing of online credentials and greater cyber risk. And this risk is prolific - hackers stole £754 million in the first six months of ...
14 December 2021 /security /identity Banking Strategy, Digital and Transformation
Barley Laing UK Managing Director at Melissa
Address verification is often viewed simply as a practice that improves the accuracy of direct mail. However, it offers much more than that to the financial services industry that’s facing a number of challenges in 2022. Improve the customer experience and reduce cost with communications The financial services industry is a major user of direct mai...
14 December 2021 /regulation /identity Digital Identity Management
Ron Benegbi Founder & CEO at Uplinq Financial Technologies
One of the most exciting events in an entrepreneur’s journey towards building a successful business is the very first one that occurs. That moment – sitting in a downtown coffee shop, standing at a bus stop, reading the Sunday paper when, out of nowhere, it hits… “I have an idea”. Ideas are seeds that materialize in the mind, and they tend to form...
06 December 2021 /people /identity Small Business Lending Innovation
Stephan Wolf CEO at Global Legal Entity Identifier Foundation
LSEG (London Stock Exchange Group), Zimbabwe’s NMB Bank Limited, GLEIF, Cenfri and Cornerstone Advisory Plus recently collaborated to launch the first iteration of GLEIF’s digital business identity initiative in Africa. This has been a success for all involved, making it a model showcase for how small and medium-sized enterprises (SMEs) across the...
17 November 2021 /inclusion /identity Financial Inclusion
The recent release of the Pandora Papers has shone a light on the sometimes unethical or corrupt practises of the politically connected and the super-rich. For those in financial services the Papers highlight the importance of having access to politically exposed persons (PEPs) data as part of their anti-money laundering (AML) checks. In the UK, ba...
10 November 2021 /regulation /identity Banking Regulations
It is convenient and much more efficient for people to conduct financial business on the web. On the flip side, the growth in online transactions has led to a substantial increase in fraudulent activity, which has governments and regulators around the world concerned. Research undertaken by TransUnion recently found that fraud in financial service...
20 October 2021 /identity /crime Banking Regulations
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.