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Identity exclusion is closely linked to socio-economic exclusion. Financial services and products are very often the starting point for establishing a digital identity, but not everyone has financial access. There are a number of reasons for this and it’s an issue that affects not only those in developing countries, but all across the world. Many
The door to financial inclusion remains closed: Could Digital ID be the key? Despite decades of financial inclusion efforts, barriers preventing access to financial services continue to exist across the globe. One such critical barrier, is the lack of an official, foundational form of identification. An estimated one billion people worldwide remain unable to prove their identity, while millions
Know-your-customer (KYC) checks have long been associated with high levels of customer friction. Traditionally, these assessments were largely carried out by financial institutions, conducting due diligence to safeguard against financial crime. Creating a seamless customer journey was not a priority in the design of legacy identity proofing systems. Until recently, customers looking to open up a bank account would expect to take paper-based documents into
Whether you live by your Twitter lists, save your Google Alerts or simply scroll through LinkedIn for insights and commentary – there is a wealth of content that weaves a global story around fintech. This week’s FTT Bookmark is brought to you by Laura Camplisson, Product and Content Manager at VC Innovations and features accessible banking
Whether you live by your Twitter lists, save your Google Alerts or simply scroll through LinkedIn for insights and commentary – there is a wealth of content that weaves a global story around fintech. This week’s FTT Bookmark is brought to you by Laura Camplisson, Product and Content Manager at VC Innovations and features current
In recent years, the number of businesses and services operating online has skyrocketed. For online consumers, a key part of the appeal is convenience. Secure payments, ecommerce accounts, personalised product offerings and subscription services are all just a click away. To keep pace with consumers’ evolving expectations, businesses are turning their attention to removing the
Your weekly resource for noteworthy news, fascinating features, and fintech titbits that caught our eye. Whether you live by your Twitter lists, save your Google Alerts or simply scroll through LinkedIn for insights and commentary – there is a wealth of content that weaves a global story around fintech. Our job at Fintech Talents is
Designing digital identity to meet high levels of trust, while ensuring credentials are interoperable, portable, accessible and protect the holder’s personal data, is no easy task. Customers are becoming more and more aware of their online identities, they want security, data privacy and control. On many occasions, when verifying your identity online you are really
At FTT Identity 2021, we were joined by a panel of experts from Starling Bank and the Payment Systems Regulator in the UK, and FIDO Alliance and Capital One in the US. They discussed the latest initiatives, policies, technologies and demands driving strong customer authentication. It was very interesting to compare the commonalities and differences
Financial institutions and other global businesses face no shortage of advanced digital identity solutions on offer. Innovative technologies implemented across the digital economy are enabling customer identity to be verified accurately, seamlessly and in line with evolving regulation. As approaches to digital identity have been so incredibly diverse, the importance of standardisation and interoperability is
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