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North America’s digital identity landscape Identity systems across North America have not evolved for a digital world. Most online services still rely on physical documents such as passports and drivers licences – used by 80% of American adults – as a root of trust. Verifying that a credential is genuine and belongs to the individual
Ana Isabel Segovia, Digital Regulation Manager at BBVA, explores the latest developments in a European digital identity system. Last June the European Union announced the future creation of digital identity wallets as part of a change in its electronic identification regulations. The measure represents a major step forward in the harmonization of identity systems in
Financial institutions and other global businesses face no shortage of advanced digital identity solutions on offer. Innovative technologies implemented across the digital economy are enabling customer identity to be verified accurately, seamlessly and in line with evolving regulation. As approaches to digital identity have been so incredibly diverse, the importance of standardisation and interoperability is
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,
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
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