The Practical Application of a Digital Identity for UK Banking 2022 | UK Finance | 8 March 2022 | Online
Venue
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| Event Date |
Wed Mar 9 UTC (almost 3 years ago)
In your timezone (EST): Tue Mar 8 7:00pm - Tue Mar 8 7:00pm |
| Location | Online |
| Region | EMEA |
Details
Finding an acceptable and effective method to identify someone digitally could solve many of the economic crime threats that impact financial services in the UK. Previous attempts to create a widely adopted digital identification scheme for financial services have failed to gain traction, yet the solution could be closer than we think.
Synectics and UK Finance will review the many competing Digital ID frameworks that are being proposed and assess the best next steps for banks to ensure their technology and transformation plans are aligned with current industry thinking. The question of how likely the industry is to reach consensus on adopting a particular approach will be discussed.
The findings of a pilot with market disrupting fintech who used digital identity to transform its approach to onboarding and money mule management, will be shared. Key learnings from this pilot will be explored to help inform the industry debate.
Key learnings include:
• State of play for digital identity in the UK and internationally
• Case study from FCA Regulatory Sandbox exercises
• Practical advice for implementing digital ID in a post-Covid world
• Considerations for fraud, especially synthetic identity
• The future of digital ID and the rise of deepfakes
Speakers
2022 Speakers
Chris Lewis
Head of Solutions Consultancy, Synectics Solutions Limited
Martin Pashley
VP Business Development UK & EMEA, Yoti
Phillip Mind
Principal, Payments, UK Finance
Sponsors & Partners
2022 Sponsor
• Synectics Solutions