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Latest /identity expert opinions

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 Digital Identity Management

Stephan Wolf

Stephan Wolf CEO at Global Legal Entity Identifier Foundation

How the vLEI Enables Digital Verifiability in Financial and ESG Reporting and Beyond

The obligations on legal entities to increase their corporate transparency continue to evolve, most notably in ESG and financial reporting. For ESG to be truly credible, however, both as a subset of financial reporting and as a standalone requirement, a global climate information architecture is sorely needed. Creating such an architecture, howeve...

/regulation /identity Regulatory Reporting

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 Digital Identity Management

Clare Rowley

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

The Value of the LEI in X-Border Payments: Enhancing Know Your Consumer and Corporate Onboarding

Efficiently accessing the data they need is a core challenge for organizations conducting due diligence and ongoing risk monitoring for corporate customers and suppliers. The information needed often comes from varying and disparate sources. KYC processes lack standardization due to the fragmented nature of national AML/CFT requirements. This prev...

/regulation /identity RegTech

Bo Harald

Bo Harald Chairman/Founding member, board member at Transmeri, Demos, Real Time Economy Program,MyData

Connecting AI to the Trust Infrastructure - ChatGPT sees it

How could SSI support AI applications? Self-Sovereign Identity (SSI) can be immensely supportive for AI applications in various ways: 1. **Data Integrity and Authenticity**: SSI ensures that the data shared with AI systems is authentic and unaltered, which is crucial for AI models that rely on accurate data for training and decision-making. 2. *...

/identity /predictions Innovation in Financial Services

Bo Harald

Bo Harald Chairman/Founding member, board member at Transmeri, Demos, Real Time Economy Program,MyData

Do not serve your customer!

The starting point in the data driven economy is now becoming: Do not serve your customer! Serve her life events! And this is precisely what especially elderly people - less apt as hunting down data from scattered sources in the public and private sectors - need now. I should perhaps write a book about the momentous thing happening in the data driv...

/people /identity Innovation in Financial Services

Alex Kreger

Alex Kreger Founder & CEO at UXDA

How to Align Product Design with Brand Strategy in Digital Banking

Leading tech companies embed their competitive edge in digital products, setting the stage for success from the start. However, traditional financial firms face a challenge here, especially when adopting white-label digital solutions. Aligning them with their unique business essence and customer needs is tough. In finance, digital transformation i...

/retail /identity Banking Strategy, Digital and Transformation

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 Digital Identity Management

Clare Rowley

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

How the LEI Can Help Financial Institutions ‘Address’ a Growing Challenge in ISO 20022

Addresses are foundational to the global economy. As noted by the Universal Postal Union, "addresses form an important part of the basic information needed to ensure communication (both digital and physical) between individuals, governments, and organizations." Given the fundamental role in enabling legitimate access to global commerce, i...

/identity /crime

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 Digital Identity Management

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