Identity proofing in an increasingly remote world
Tuesday 11 May 2021
It would be impossible to ignore the drastic acceleration in digital transformation, that has taken place over the past year. Businesses around the world have turned to technology as a means to continue with everyday meetings, tasks and procedures, that just a few months previous were only carried out in-person. Financial institutions have been left with no choice but to allow consumers
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Will banks take the lead in building a digital identity ecosystem?
Tuesday 27 April 2021
FTT Identity 2021 began with a big question – which entities will act as the guardians of our digital identities? The opening panel brought together an expert group well placed to tackle this complex debate, representing between them financial services, government, telecoms and the identity industry. They considered whether responsibility would fall to national governments,
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Digital identity: A framework for the future
Tuesday 20 April 2021
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
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The rapidly evolving world of digital identity – FTT Chats ep 49
Tuesday 09 March 2021
For this episode of FTT Chats we are joined by Andrew Bud, Chief Executive Officer at iProov to discuss the growing global demand for services enabling the online creation and authentication of user identities. We chatted about the need for strong protection against attacks on face verification, as well as the need to consider ease
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Will banks take the lead in a global identity ecosystem?
Tuesday 02 March 2021
In today’s world the need for trusted, secure & seamless digital identity solutions is something most organisations can no longer ignore. As physical becomes digital, citizens, consumers and employees, are carrying out a growing number of complex interactions and transactions. On more and more occasions individuals must prove their identity digitally, when engaging with service
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A vision for digital ID in a post-pandemic world
Tuesday 23 February 2021
The pandemic has accelerated the trend for service providers to move their product online or risk going out of business, making traditional ID methods of onboarding customers more challenging. But what does the future hold for a post-pandemic world? Will we see a return to paper documents, or will Digital ID become the new normal?
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Technology Alone Won’t Solve Digital Identity
Tuesday 16 February 2021
In recent years, many valuable solutions to the global issue of identity have emerged. Providers of face recognition, mobile credentials, blockchain, behavioural biometrics, IAM and machine learning all offer the potential to establish digital identity, with greater certainty. Financial Institutions and many other global businesses are implementing advanced solutions across their digital portfolios, to verify
- Published in Content, Featured, Fintech, FinTECHTalents, Innovation, Opinion, Start-ups
Identity Proofing in a Remote Digital Landscape
Tuesday 02 February 2021
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, looking to conduct due diligence and safeguard against the legal consequences of financial crime. Creating a seamless customer journey was not a priority when designing legacy systems for identity proofing. Until recently,
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Digital Identity: The Missing Piece of the FinTech Puzzle?
Tuesday 26 January 2021
In today’s increasingly digital, experience-driven financial landscape, one of the major challenges facing any financial institution is how to be certain of a customer’s identity. Accurately, securely and seamlessly, while meeting evolving regulation. As transactions grow in volume and complexity, customers expect ever more streamlined experiences, regulators demand greater insights, and the risk of identity
Fighting Back Against Digital Identity Fraud
Tuesday 19 January 2021
Even prior to the outbreak of COVID-19, instances of digital identity fraud and theft were increasing at an alarming rate. Experian’s Global Identity and Fraud report, launched in January 2020, found that 3 in 5 businesses had reported an increase in fraud incidents over the past 12 months. In the UK, fraud prevention service Cifas