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


Content

STAY TUNED

Technology Alone Won’t Solve Digital Identity

by Laura Camplisson / Tuesday 16 February 2021 / Published in Content, Featured, Fintech, FinTECHTalents, Innovation, Opinion, Start-ups

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 the identity of their customers accurately, seamlessly and in line with evolving regulation.

But technology alone cannot solve the issue of digital identity. Many of the hurdles of governance, borders and trust are yet to be overcome. Approaches to digital identity have been diverse, making harmonisation, standardisation and interoperability key to developing a future identity ecosystem.

For digital identity to grow, technical specifications, data protection, privacy laws and consumer expectations must be aligned. Innovation is key, but it will come down to standardisation and best practice to shape trust. Across the industry, the importance of laying out a robust ‘trust framework’, for identity has been increasingly appreciated.

Just this week, the UK government published its roadmap for the future of digital identities. This ‘trust framework’ lays out the principles, policies and standards governing the sharing of personal identity information. The aim is to “enable interoperability and increase public confidence.”

Of course, the feasibility of a digital identity system, will vary greatly between different countries. Current privacy and data laws, the existing centralized identity system a country is building on, as well as societal attitudes towards identity governance will all prove influential. As a result, we are seeing the roll out of digital identity systems around the world, with distinct designs, involving different institutions and with varying levels of adoption.

There has been a great deal of discussion around interoperability and compatibility in digital identity. Are there frameworks of mutual trust in place to allow cross border use of digital ID? Are systems governing an individual’s digital identity across different sectors compatible with one another? Can open frameworks for the exchange of identity data help to achieve this aim?

No less important is the interoperability of digital identity with other systems, policies and procedures in place at an organisation. A bank for example, would need to ensure compliance with all expected regulatory requirements, alongside implementing digital ID.

With so much left to determine, effective collaboration between financial institutions, government, technology, mobile operators and other industries is essential. Which global standards and principles will foster trust, compatibility and interoperability as we determine the path forward for digital identity?

The discussion will continue at FTT Identity on 17th March. Our panel ‘Standards, Policy and Open Frameworks for Success’ will feature these rockstar speakers:

  • Brad Carr, Managing Director, Digital Finance, Institute of International Finance
  • Viky Manaila, Digital Identity & PKI Expert, Cloud Signature Consortium
  • Don Cardinal, Managing Director, Financial Data Exchange
  • Manuela Sedvartaite, Innovation Manager, Banco Santander
  • Richard Maton, Advisor, International RegTech Association (moderator)

Tagged under: #FTTIdentity21, digital identity, identity standards, innovation, interoperability, open finance, open identity, Regulation, Splash

Recent Posts

  • Empowering Members, One Loan at a Time: A Conversation with Ciara Davies, CEO of Metro MoneyWise Credit Union

    Who says that credit unions can’t innovat...
  • Lending through change: A conversation with Simon Taylor, Melton Building Society

    Data, niches, and AI: Simon Taylor on the evolu...
  • Registration now open for the 2025 edition of the FTT Fintech Festival

    2nd June 2025, London: Registration for the 202...
  • From complex to seamless: A chat with Roger Vincent, Bourn

    Built for growth, designed for simplicity At FT...
  • Smarter lending through open banking: A chat with Matthew Barr, Moneyhub

    Empowering lenders with real-time insights: The...


  • Home
  • Call for speakers
  • View all events
  • Fintech Talents events
    • FTT Fintech Festival 2025
    • FTT AI Transformation 2025
    • FTT Mutuals 2025
    • Breakfast briefing: Lending with intelligence 2025
    • FTT Financial Services Futures 2025
    • FTT Lending 2026
    • FTT Payments 2026
    • Fintech Talents Road Trip 2026
    • Fintech Talents North America 2026
  • FTT Embedded Finance & Super-Apps events
    • FTT Embedded Finance & Super-Apps Europe 2026
    • Customer Alpha Europe 2026
    • FTT Embedded Finance & Super-Apps North America East Coast 2026
    • Customer Alpha North America East Coast 2026
    • FTT Embedded Finance & Super-Apps North America West Coast 2026
    • Customer Alpha North America West Coast 2026
  • Future Identity events
    • Future Identity Festival 2025
    • FID Fraud & FinCrime – Fall Europe 2025
    • Future Identity Finance Europe 2026
    • FID Fraud & FinCrime – Spring Europe 2026
    • Future Identity Customer Europe 2026
    • FID Fraud & FinCrime – Summer Europe 2026
    • Future Identity Finance North America 2026
    • Future Identity Customer North America 2026
  • Past events
    • Fraud prevention & customer experience webinar 2025
    • Open Finance & Consumer Duty webinar 2024
    • FTT SME Banking 2023
    • Unboxing the Next Generation of Embedded Finance 2023
    • FTT AI Transformation webinar 2024
  • Content
    • All Content
    • Interviews
    • Opinion
    • Videos
    • Digital Reports
  • VC INNOVATIONS – Accelerated Marketing

GET IN TOUCH

T +44 203 835 2829
Email: marketing@vcinnovations.co.uk

LONDON
85 Tottenham Court Road, London W1T 4TQ
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
  • LinkedIn
  • Twitter
  • YouTube
  • Instagram

RECENT POSTS

  • Empowering Members, One Loan at a Time: A Conversation with Ciara Davies, CEO of Metro MoneyWise Credit Union

    Who says that credit unions can’t innovat...
  • Lending through change: A conversation with Simon Taylor, Melton Building Society

    Data, niches, and AI: Simon Taylor on the evolu...
  • Registration now open for the 2025 edition of the FTT Fintech Festival

    2nd June 2025, London: Registration for the 202...
  • Privacy Policy

© VC Innovations 2018. All Rights Reserved.



TOP
 
SAVE £700 WITH THE SUPER EARLY BIRD BEFORE 4th JULY
BOOK TODAY
 
 
SAVE £700 WITH THE SUPER EARLY BIRD BEFORE 4th JULY
BOOK TODAY
 
 
SAVE £700 WITH THE SUPER EARLY BIRD BEFORE 4th JULY
BOOK TODAY
 
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
Get involved


FTT Payments 2025 - Download previous attendee list


Download now


Press & Media Pass


Get involved



FTT Mutuals 2025 - Download previous attendee list


FTT AI Transformation 2025 - Download previous attendee list


Get involved


Get involved