In our ongoing series, our FinTech of the Week is iProov, which offers Award-winning online biometric authentication. Applications include onboarding, ID verification, border control, strong customer authentication and access control.
Luke Moore, Global, SVP, Revenue at iProov, discusses in a two part interview the usability of national identity schemes, the use and security concerns of biometrics, data privacy concerns and how the financial services industry can enable effective identity and authentication.
“The UK is an interesting case where we have no existing concept of a national identity (as opposed to other countries which have well-established ID card schemes). In addition, trust in institutions is relatively low (e.g. banks, government departments) meaning that there is probably no single provider for identity that will be trusted. The key to a successful national identity scheme is one that creates strong uptake from both the user side and the relying party and this needs a model that will work for both,” says Moore.
Watch the Part 1 now:
Watch Part 2 now:
Watch iProov on the FinTECHTalents 2019 FinTech Stories Stage now: