• Home
  • Visit
    • Plan your visit
    • Meet the team
  • Content
    • Key themes
    • Agenda
    • Related content
  • Speakers
  • Partners
    • Partners
    • Download Prospectus
  • REGISTER YOUR INTEREST
  • CO-LOCATED WITH:
  • Future Identity FinanceFuture Identity Finance

Fintech Talents

Fintech Talents

Kallyas is an ultra-premium, responsive theme built for today websites.

T (212) 555 55 00
Email: sales@yourwebsite.com

Your Company LTD
Street nr 100, 4536534, Chicago, US

  • Home
  • Visit
    • Who attends?
    • Experiences
    • Steering committee
    • Plan your visit
    • Meet the team
  • Content
    • Key themes
    • Agenda
    • Related content
  • Speakers
  • Partners
    • Sponsorship prospectus
  • Co-located events
  • REGISTER YOUR INTEREST

Content

STAY TUNED

Digital identity and privacy: Can you have both?

by Laura Camplisson / Tuesday 09 March 2021 / Published in Content

In an increasingly digital world, more and more of our online interactions require us to establish that we are who we say we are. If implemented correctly, digital identity could act as a proven and trusted source of verification for online users.

If implemented poorly however, digital identity can put our privacy and the security of our personal information at risk. The challenge is designing identity solutions with privacy in mind, whilst also ensuring the resulting credentials are highly verified, portable and interoperable.

User control and consent must be at the forefront of this discussion. How should users be able to regulate who is able to see their information, to what extent and under which circumstances? On many occasions, when verifying your identity online, you are really confirming your eligibility for a certain product or service. Should users not be able to share only the information necessary for a specific transaction, keeping other elements of their personal data private?

Some advocate for a decentralized model of identity to address this issue. Control is placed back in the hands of consumers, who become the guardians of their own verified information, collected from certified issuers.

Of course, the concept of giving individuals ownership of a portable digital ID, is intertwined in a context of privilege. Those who lack access to technology may not have the ability to take control of their identity in this way. Inclusion is a factor that must be taken into account.

We also must consider whether individuals are ready and willing to take control of their identities? Where does responsibility fall if something goes wrong and an identity is compromised? How does user ownership impact liability?

Whether a service provider opts for embracing decentralised, or government issued digital identities, independent bodies will have a key role to play. Robust standards and frameworks are crucial to ensuring privacy, security and equity are upheld.

Every time a digital identity is used online, the ID issuer and verifier have the opportunity to collect data about the ID holder. Robust regulations are needed to ensure identity players cannot profit from exploiting their customer’s data. Where trust is distorted, digital ID is no longer benefiting the user, but commoditising them.

So, what is the right kind of technology? What level of privacy is required? Where should responsibility lie? These are complicated questions, but ones we must consider when designing digital identity for the future of the online ecosystem.

The conversation continues at FTT Identity on 17th March. Our panel ‘Privacy Enhancing, Consent Based Digital ID’ will feature these Rockstar speakers:

  • Dia Banerji, Country Ambassador, Scotland, Women in Identity
  • Andrew Black, Senior Digital Product Owner, Data, Open Banking & Digital Identity, NatWest
  • Gail Hodges, Founder, Future Identity Council
  • David Pollington, Senior Director, Technology & Product, GSMA
  • Colin Wallis, Executive Director, Kantara Initiative (moderator)

Tagged under: Splash

Recent Posts

  • Scenes from the Fintech Talents Road Trip: The Power of ChatGPT  

    The Fintech Talents team, along with our partne...
  • Scenes from the Fintech Talents Road Trip: Utilsing AI, not depending on it    

    The Fintech Talents team, along with our partne...
  • Scenes from the Fintech Talents Road Trip: Open finance for the customer experience   

    The Fintech Talents team, along with our partne...
  • Explore the agendas for the 5th edition of The Fintech Talents Festival, taking place at The Brewery in London on the 13th – 14th November  

    The agendas have been launched ahead of the UK’...
  • Scenes from the Fintech Talents Road Trip: Meeting Net-Zero Trajectories    

    The Fintech Talents team, along with our partne...


  • Home
  • Fintech Talents events
    • FTT SME Banking 2023
    • Fintech Talents Festival 2023
    • FTT Mutuals 2023
    • FTT Lending 3.0 2024
    • Fintech Talents Road Trip 2024
    • Fintech Talents North America 2024
  • FTT Embedded Finance & Super-Apps events
    • Unboxing the Next Generation of Embedded Finance
    • FTT Embedded Finance & Super-Apps North America West Coast 2023
    • Customer Alpha North America West Coast 2023
    • FTT Embedded Finance & Super-Apps Europe 2024
    • Customer Alpha Europe 2024
    • FTT Embedded Finance & Super-Apps North America East Coast 2024
    • Customer Alpha North America East Coast 2024
  • Future Identity events
    • Future Identity Festival 2023
    • Future Identity Customer North America 2023
    • Future Identity Finance Europe 2024
    • Future Identity Customer Europe 2024
    • Future Identity Finance North America 2024
  • View all events
  • Content
    • All Content
    • Interviews
    • Opinion
    • Videos
    • Digital Reports
  • VC INNOVATIONS – Accelerated Marketing
  • facebook
  • linkedin
  • youtube
  • twitter

GET IN TOUCH

T 020 8004 5517
Email: info@vcinnovations.co.uk

LONDON
1 Quality Court, London WC2A 1HR
Open in Google Maps

NEW YORK
477 Broadway, 2nd Floor, Suite 1033, New York, NY 10013
Open in Google Maps

QUICK LINKS

  • Home
  • About VC INNOVATIONS
  • Events
  • FAQs

Connect with us

  • facebook
  • linkedin
  • youtube
  • twitter

RECENT POSTS

  • Scenes from the Fintech Talents Road Trip: The Power of ChatGPT  

    The Fintech Talents team, along with our partne...
  • Scenes from the Fintech Talents Road Trip: Utilsing AI, not depending on it    

    The Fintech Talents team, along with our partne...
  • Scenes from the Fintech Talents Road Trip: Open finance for the customer experience   

    The Fintech Talents team, along with our partne...
  • Privacy Policy
Fintech Talents

© VC Innovations 2018. All Rights Reserved.



TOP

This website uses cookies to give you the best experience. Agree by clicking the 'Accept' button. Read our Privacy Policy.