42 Results from 2021, /identity
Robert Prigge CEO at Jumio
In recent years, anti-money laundering (AML) has become an increasingly sophisticated criminal activity. It’s estimated that between 2% and 5% of global GDP is laundered each year, and identity theft has now become one of the top money laundering trends. It’s therefore not surprising that AML rules have been required to keep up. In a race to stop ...
24 September 2021 /regulation /identity
Kartik Swaminathan Author - 3F: Future Fintech Framework & Founder at Fintastech (Fintech Consulting & Coaching)
Portability is a key capability for fintech’s in future, as it enables the customer to switch over / transfer his account, from one Financial provider to another. This can be for various reasons, like he is unhappy with existing provider, or wants to switch, because he is getting better pricing, features etc. Portability also enables business cont...
24 September 2021 /regulation /identity Standards Forum
Retired Member
There’s no doubt that a full digital ID reality is imminent. But tens of thousands of organisations across the globe have done little to prepare for it. They still have unanswered questions. Despite the myriad of events taking place across the globe exploring, addressing and solving digital ID problems, they’re not answering the key questions for ...
13 September 2021 /identity Digital Identity Management
Stu Bradley Sr. VP of Risk, Fraud and Compliance Solutions at SAS
As the rapidly spreading coronavirus spurred lockdowns and ongoing social distancing measures around the world, consumers flocked to digital channels to replace or supplement face-to-face interactions. Mobile apps and online channels correspondingly mushroomed. In the US, for example, banks saw mobile business grow 50% in the first half of 2020. Ne...
30 August 2021 /payments /identity Digital Identity Management
Clare Joy Strategy & Expansion Lead at Onfido
When developing new technologies, we must ensure that they operate fairly. At a time when identity is increasingly being used as the key to digital access, any technology based on identity must function fairly and equally for everyone, regardless of race, age, gender, or other characteristics leading to human physical diversity. While digital serv...
27 August 2021 /inclusion /identity Artificial Intelligence and Financial Services
Giles Sergant Director at Consultant
In his address earlier this month to the American Enterprise Institute, the Fed’s Governor Chris Waller described CBDCs as “a solution looking for a problem”. Time will tell if he’s right. Many said the same of Open Banking in 2017 when it emerged freshly minted under PSD2. Commentators at the time (not just bankers) also questioned the sufficien...
16 August 2021 /retail /identity Banking Strategy, Digital and Transformation
Nick Almond Founder at Finance.vote
Throughout 2021, we’ve seen a new wave of censorship hitting the legacy web. There is real evidence that censorship is growing in scale and scope and it is most certainly something we should be increasingly vigilant of. The phenomenon of deplatforming has been discussed for a while, but it hit arguably its most public peak in January when Donald Tr...
12 August 2021 /crypto /identity Cryptocurrency Insights
The financial services industry is facing an increasing number of issues related to the adoption of cloud-based services. The growth of cloud and SaaS has accelerated with the consumerisation of information technology, along with the shift to working from home. Users have become comfortable downloading and using apps and services from the cloud to...
23 July 2021 /security /identity Banking Strategy, Digital and Transformation
Barley Laing UK Managing Director at Melissa
With more people engaging and transacting with organisations online during the pandemic, there has been a corresponding rise in fraudulent activity. In the banking industry the Office for National Statistics (ONS) found a 68 per cent increase in remote banking fraud in 2020. Furthermore, research from UK Finance reveals that £479 million was lost...
02 July 2021 /regulation /identity Digital Identity Management
Banking is no longer limited to four walls of a building. In the UK, three-quarters (73%) of consumers now use digital banking channels on a weekly basis, as people grow increasingly accustomed to their ease and convenience. But this isn’t without some downsides. Mobile functionality, blockchain integration and emergence of banking-as-a-service ha...
30 June 2021 /security /identity Banking Strategy, Digital and Transformation
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