** NEW RESEARCH ** FintechViews – Digital Identity

As early as 1993, The New Yorker published the famous cartoon “On the Internet, nobody knows you’re a dog”, and 24 years later there are a lot more internet users and a lot more dogs.

It could be argued that the lack of an identity layer is one of the biggest challenges for the digital economy today. Since the digital economy is rapidly swallowing the physical one, the scale of the opportunity for those involved in providing a solution is huge. Almost every sector of the economy is affected, but the financial services sector is surely well placed to take a lead.

In this report, we review the state of digital identity and the industry that has evolved around it, with particular reference to financial services. We also examine various models for National Identity Schemes and assess the current state of digital identity, before introducing a model to help develop views concerning possible future forms of identity.

The question of Digital identity creates a substantial opportunity for SITS providers to help their Financial Services clients develop a strategy, to take advantage of the myriad emerging technologies and potentially in the development of national/global identity infrastructures.

Subscribers to FinancialServicesViews can access “FintechViews – Digital Identity” here.

Posted by Peter Roe at '08:42' - Tagged: security   payments   regulation   digital   identity   FinTech