The role of financial services in creating digital identities
The ubiquity of mobile devices and tremendous growth in connectivity is fundamentally changing the way that individuals bank and access other financial services. A key hurdle in this transformation is the issue of trust in online transactions. Not only is the ecosystem bearing tremendous cost from fraud and bad actors, but consumer trust is increasingly eroded because of security and privacy breaches. A robust digital identity platform is the linchpin to verifying and authenticating users not only to establish trust in online transactions, but also to secure customer trust.