A memorable moment at FTT Identity 2021, was the opening keynote delivered by Andrew Bud, Chief Executive Officer of iProov. Andrew begins this presentation by exploring current digital identity trends, before sharing his predictions for the exciting future of this evolving sector.
Andrew identifies several compelling factors which have driven rapid digital acceleration over the past year. As digital has quickly becomes the primary channel for interacting with financial services, Andrew warns that organisations have been left increasingly vulnerable to criminals looking to impersonate their customers. Effective and secure digital identity solutions have now become an unavoidable foundation for financial institutions to establish trust in their users.
This all means that when approaching digital identity, “Good is no longer good enough, excellent is now the minimum bar ” notes Andrew. Financial institutions can no longer focus on digital identity simply for compliance, but need to prioritise usability and inclusion, privacy protection and highly resilient security, across the entire user lifecycle.
The session is sure to leave you with new insights into the sector’s emerging trends, and feeling inspired to be a part of the journey towards making universal digital identity a reality.
For more on-demand sessions from FTT Identity 2021, keep an eye out for updates on the launch of Future Identity. Get ready for unique content and experiences from a new brand exploring the latest initiatives, technologies and concepts driving universally trusted identity.