234 Results from /identity
Barley Laing UK Managing Director at Melissa
Biometric technology has only been taken seriously by many in financial services since the start of the pandemic, which made the remote onboarding of customers a necessity. Biometrics is already proving itself to be an important identity verification option for financial institutions, particularly as technology continues to evolve in this area. In...
22 February 2022 /identity /crime Biometrics
Bhavesh Vaghela SVP B2B Product and Innovation at Collinson
It’s February, and a year and a month has passed since my last predictions blog, and what a year we have had. Like with everything in life, things have taken longer than expected to finish. This is very true with the pandemic and the aftermath it is leaving behind. I concluded my last predictions with a quote from my hero David Attenborough “Our...
16 February 2022 /identity /crime Financial Transformation
Martin Wilson Chief Executive Officer at OneID
Unlike last year, Valentine’s Day this year is likely to be one free from a lockdown. People across the UK are set to spend big on their partners, pets, and themselves with gifts, dinner dates and trips away. This means a whopping £1.37 billion could be spent by the UK for Valentine’s Day in 2022. But where there is money, there are fraudsters wait...
14 February 2022 /identity /crime
Amir Nooriala CCO at Callsign
It’s easy to forget that the internet is still in its “Wild West” era, where the frequency, complexity and devastation wreaked by fraudsters is only worsening with time. As the entry point for most online transactions, retailers are on the frontline of the battle against cybercrime and destined to interact with malicious actors. To tackle these ...
14 February 2022 /retail /identity Banking Strategy, Digital and Transformation
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
eIDAS2 is a fundamental step forward. It is building on MyData principles and the legal right for EUcitizens to get their data into practical use. One of the key elements is the no-need-for-technical-integration depicted below. Still there may be some countries that see the wallets only an identification tools - instead of builders of identity for ...
12 February 2022 /payments /identity Innovation in Financial Services
January marked four years since the introduction of Open Banking. Although industry take up was initially slow, 2021 proved to be a catalyst for the initiative. In the past year, there has been a 60 percent increase in new Open Banking customers, totalling 3.9m consumer customers and 600,000 small business customers. Furthermore, with 1 million re...
10 February 2022 /wholesale /identity Open Banking
Stephan Wolf CEO at Global Legal Entity Identifier Foundation
According to EY’s 2021 Global Corporate Reporting Survey, 76% of the world’s major finance leaders back the need for globally consistent environmental, social and governance (ESG) standards. Stephan Wolf explains why ensuring a holistic entity identification mechanism through a global standard – such as the Legal Entity Identifier (LEI) - is a fo...
04 February 2022 /regulation /identity
Eduardo Castro Head of Identity and Fraud at Experian
The rapid digitalisation of the economy, turbo-charged by the Covid-19 pandemic, has presented new opportunities for all types of business. But the acceleration also brings challenges; businesses are under more pressure than ever before to offer secure, seamless, and efficient customer journeys to run a successful digital operation. Consumers’ gro...
27 January 2022 /identity /crime
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
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