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Digital Identity Management

Discuss upcoming trends in digital proofing, authentication, fraud and digital identity management.

Robert O'Farrell

Robert O'Farrell CTO at ID-Pal

Computerized Trust: How Machines Establish Our Identity

In our previous article (The Foundations of Identity Verification: Trust and its Pillars), we walked through the essence of how trust is established in the real world. Now, in part two of our five-part series, let's venture into the realm of machines. Here we explore the cold yet intricate logic they employ to answer the same age-old question: &...

/security /identity

Robert O'Farrell

Robert O'Farrell CTO at ID-Pal

The Foundations of Identity Verification: Trust and Its Pillars

In the modern world, trust is more than just a human sentiment. It's the foundation of how we secure transactions, interactions, and ensure the integrity of our digital selves. As we navigate the vast online spaces, the question, "Who are you?" takes on heightened importance. This is the first in a five-part series examining identity ve

/security /identity

Donica Venter

Donica Venter Marketing coordinator at Traderoot

The Role of Digital Identity in Promoting Financial Access and Inclusion in Africa

In recent years, Africa has witnessed substantial growth in its digital landscape, significantly altering the way people access financial services. Digital innovations, particularly in the domain of digital identity, have played a central role in extending financial access and fostering inclusion across the continent. In this discussion, we delve ...

/payments /inclusion

Barley Laing

Barley Laing UK Managing Director at Melissa

Delivering effective sanctions screening amid growing FCA concerns

Finextra recently reported that many of those in financial services were found wanting with their sanctions screening efforts by the Financial Conduct Authority (FCA). After a survey of sanctions controls at 90 firms the FCA uncovered deficiencies across staffing, technology and reporting networks, leading to a lack of adequate resources to ensure...

/regulation /identity

Barley Laing

Barley Laing UK Managing Director at Melissa

Time to evolve your approach to know your business (KYB) checks

Fraud, whether by an individual or a business, is on the increase. This is largely due to many banking services being accessible online – a convenience that comes with some risk. To help prevent fraud, as well as to ensure compliance with existing know your customer (KYC) and Anti-Money Laundering (AML) regulations; know your business (KYB) and KYC...

/regulation /identity

Clare Rowley

Clare Rowley Head of Business Operations at Global Legal Entity Identifier Foundation (GLEIF)

Understanding the Value of Global Identifiers in the Fight Against Financial Crime

Money laundering and terrorist financing create significant systemic risks in the global financial system. The intricate webs spun by fraudsters and criminals to evade detection crisscross national borders and legal jurisdictions, commonly exploiting multiple financial institutions and legal entities. In today's instant digital economy, this is ex...

/identity /crime

Nick Mothershaw

Nick Mothershaw Chief Identity Strategist at Open Identity Exchange (OIX)

The power of mobile telco data in the digital ID proofing process

Our research last year revealed that at least six million people in the UK are ‘ID Challenged’. This means that they struggle to prove who they are in order to access the products and services they are entitled to – in both the private and public sectors. Digital ID is rapidly being rolled out by all sectors as the primary way to access those serv...

/inclusion /identity

Inna Demchenko

Inna Demchenko Head of project at Bank

How to reduce digital onboarding risks

The implementation of remote identification and the ability to become a new customer without physically visiting a branch revolutionized banking services. In Europe this process remained mostly hybrid and involved only online ordering of a card, but with a mandatory visit to a branch to sign documents upon card receipt. At the same time in Ukraine ...

/retail /identity

Guillaume Forget

Guillaume Forget Executive Vice President at Cryptomathic GmbH

Will The UK Follow The EU On Digital Identities?

The UK's relationship with the EU has been tumultuous in recent years, especially in the wake of Brexit. With regards to digital identities, former Prime Minister Tony Blair's, statement that "everyone in the UK should be issued with a digital ID" has sparked heated national debate and left many wondering if the UK will follow suit with ...

/regulation /identity

Nick Mothershaw

Nick Mothershaw Chief Identity Strategist at Open Identity Exchange (OIX)

2023 – the year of the digital ID wallet

Across the globe, we are seeing country after country making digital ID a primary option for consumers (and businesses) to access both public and private sector services. In some countries, it is entirely led by the government, while in others it has been taken on by the private sector. The ecosystem to allow this is now established in most places...

/identity

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