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

Whether you live by your Twitter lists, save your Google Alerts or simply scroll through LinkedIn for insights and commentary – there is a wealth of content that weaves a global story around FinTech. Our job at FinTech Talents is to work within that global story – finding the news items, conventional wisdoms and hard

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,

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

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

Despite decades of financial inclusion efforts, barriers preventing access to financial services continue to exist for individuals across the globe. One such critical barrier, is the lack of an official, foundational form of identification. An estimated one billion people worldwide are unable to prove their identity, while millions more have forms of ID that cannot

When we talk about innovation in financial services, we often focus on the digital-first challengers, the future-proofing banks or even the influence of Big Tech. But if there was one sentiment echoed throughout the day at FinTECHTalents Virtual Building Societies, it was this: Innovation is Wherever You Build It. We should not overlook the power

Without extensive budgets or large technical teams, in-house development may not be an option for smaller financial institutions looking to digitalise. Partnerships with FinTech providers can act as a powerful route to leveraging the benefits of external technologies and solutions. At FinTECH Talents Building Societies last month, the day closed with a practical discussion on

Customer expectations are changing, and recent events have accelerated the shift towards remote interaction. Now, more than ever, Building Societies must embrace innovation, to enhance and future proof the unique financial services they provide. Looking towards a Digital Future, Building Societies each face unique circumstances depending on their culture, scale, structure and regulatory environment. Along

Elliot Limb, Chief Customer Officer at Mambu joined us for our ongoing series – FTT Chats – where we sit down with the great and the good of FinTech to discuss innovation, new entrants, and emerging technologies. We chatted about ‘knowns and unknowns’ in the future of banking and reflected on the accelerated adoption of digital solutions