234 Results from /identity
Steve Wilcockson Product Marketing at Quantexa
The problem: Generative AI Large Language Models (LLMs) can only answer questions or complete tasks based on what they been trained on - unless they’re given access to external knowledge, like your organization’s knowledge. LLMs can be fine-tuned, but it's an expensive endeavor. As a result, deploying enterprise context in conjunction with LLMs has...
18 June 2024 /ai /identity Artificial Intelligence and Financial Services
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
- no one will be interested in that online bank (early 1980s > half a million customers were using it in Finland when Internet came) - one-time passwords are far too difficult to use (served well until replaced mostly by face) - the identification service does not belong to banks (it has been heard from the times of Venice). Adopted first for i
13 June 2024 /retail /identity Innovation in Financial Services
The planned MyData conference in Helsinki in May/June 2025 should carry the name Credential Fest. There first of all central and local governments should be given the opportunity to list all credentials they issue to already now already citizen and organisation wallets. Followed by lists of forthcoming ones and how they themselves use organisation...
11 June 2024 /retail /identity Innovation in Financial Services
Steve Bradford Senior Vice President EMEA at SailPoint
Financial services is one of the most regulated and well-resourced sectors when it comes to cybersecurity. Yet it’s also one of the biggest targets for increasingly sophisticated cybercrime, with hackers seeking its lucrative assets. In 2023, the number of ransomware attacks in the financial industry rose by nearly two thirds (64%), almost doubli...
07 June 2024 /security /identity Digital Bank Transformation
Barley Laing UK Managing Director at Melissa
It has been estimated by MITSloan that the cumulative cost of inaccurate data is 15 to 25 per cent of revenue for most organisations. This is because poor quality data wastes resources, undermines everyday operations and communications – particularly personalised customer communications. It causes inefficiencies in both time and money in the creat...
06 June 2024 /regulation /identity Data Management and Governance
Clare Rowley Head of Business Operations at Global Legal Entity Identifier Foundation (GLEIF)
The global economy is wrestling with never-before-seen levels of identity-related fraud. Cybercrime costs in the United States reached an estimated 320 billion U.S. dollars as of 2023, according to Statista. Between 2017 and 2023, this figure has seen a significant increase of over 300 billion U.S. dollars. According to the latest estimates, this ...
24 May 2024 /identity /crime Digital Identity Management
Adam Preis Global Strategist at Ping Identity
The Perfect Storm In the vast ocean of the insurance industry, the winds of change are blowing stronger than ever before. Historically known for its conservative approach to technology adoption, the insurance sector finds itself at a crossroads. Enterprises are compelled to embrace digital transformation to navigate the evolving currents of regula...
08 May 2024 /retail /identity Digital Identity Management
Picture included in my Linkedin post (used to manage them here in the past) https://www.linkedin.com/posts/bo-harald-4768b51_dangerous-death-walley-one-might-of-course-activity-7192066826363625473-MfwU?utm_source=share&utm_medium=member_desktop Dangerous death walley... One might of course ask why the private sector is not yet crying out for...
08 May 2024 /retail /identity Innovation in Financial Services
With the cost of living crisis continuing and slow economic growth forecast for the remainder of the year, these are challenging times for financial institutions looking to drive growth. This makes it vital to ensure account holders continue to receive a standout experience, to prevent customer churn and drive profitability. Equally important is ...
22 April 2024 /regulation /identity Data Management and Governance
Alex Ford President, North America at Encompass | RegTech Association | Women in RegTech
The rise of Corporate Digital Identity in banking Corporate Digital Identity (CDI) is revolutionizing the Client Experience in Institutional and Commercial banking. Enabling fast, accurate identity validation and verification of corporate customers, it has been set out to foster a truly customer-centric approach to client onboarding and reviews w...
28 March 2024 /wholesale /identity Banking Strategy, Digital and Transformation
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