Carey O'Connor Kolaja | Source | CEO at AU10TIX
Carey O'Connor Kolaja
Carey is a fearless finance and payments entrepreneur. She is a resident problem-solver and industry disrupter. She is on a mission to create a more secure and inclusive world by redefining how businesses verify and authenticate customers. For 25 years, Carey had explored the intersection of payments, identity and adaptive technologies with great curiosity. She had challenged the status quo and humanized payments in global roles at both PayPal and Citi. Now, she puts her experience to use leading the brilliant team at AU10TIX.
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AU10TIX
CEO
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Do Less To Accomplish More
I operate with the belief that you have to do less to be more; you have to learn to let go. Particularly when you're in the midst of transformational initiatives, whether it's in my previous two companies or where I am now that you actually can't do more until you let things go.
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Carey Kolaja: A vision for truly secure and seamless transactions
Our feverish appreciation of the virtual economy is tempered only by our concerns about privacy. If it's so easy to spend money online ... how hard could it be to breach security? Carey Kolaja, the head of PayPal, describes the future of money and fraud protection -- going beyond passwords and PINs to consider personal behavior, physical markers and even everyday relationships.
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Biometric digital ID providers partner with Microsoft on decentralized ID, passwordless pilot | Biometric Update
Microsoft is launching its decentralized identity credentials for public preview and partnered up with many leading device-based biometrics providers to do so.
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As it relates to online identity verification, such as on the IRS platforms, designing technology solutions not just security and privacy in mind, but also for ‘Citizen Choice and Control,’ means:
• Shaping legislation around identity verification policy must include education of citizens by the government on what and how personal information is collected and stored when people file their taxes.
• Giving Americans a choice with regards to how they want to have their identity verified. There are different paths to verifying a person’s identity, people should have a choice, provided it meets the threshold of government-sponsored systems.
• Empowering people to have control over their personal data is providing them with the right to revoke access.
• Leveraging verifiable credentials allows users to securely sign into IRS services without sharing of personal data while ensuring a high degree of assurance that the individual is who they say they are. -
The current trend in regulation of facial recognition technology is moving towards more transparency, but the trend looking forward that we will see is more around choice. In order for facial recognition technology to have a place in society, companies need to be as transparent as possible; regulation needs ensure that the protection of biometric data and consumers must have the ability to exercise their right as to how their personal data is used.
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Leveraging best in class technology that the private sector is using in the government sector. Financial institutions, for example, have been addressing identity management for decades by investing technology to address similar issues that the government sector is facing now, primarily data security and risk, compliance, and fraud. And so why shouldn't we leverage the same technology within the public sector that has been successful in the private sector especially now when there is a higher calling for safety and convenience with regards to how citizens have their identity digitally verified.
