Digital ID: The Answer to Speeding up Know-Your-Customer and Transactions with Digital Ease?

Event: 3rd Asia Finance Forum: The Future of Inclusive Finance

Digital ID: The Answer to Speeding up Know-Your-Customer and Transactions with Digital Ease?

07 November 2019

Who owns a person’s identity? How secure is biometric authentication? These questions are critical because identity verification is crucial in complying with know-your-customer measures that financial institutions require to open an account. It is also central to financial inclusion efforts and to the range of human rights set out in international laws and conventions.  

Identification systems must have robust identity databases and credentials and provide services that are trusted, integrated with other systems, and responsive to user demand. Identification systems require administrative and technical capacity, appropriate technical design choices, and careful attention to user privacy and data protection. They must also be operationally, technologically, and fiscally sustainable.  

Learn about the role of biometrics in identity, what the key factors are to roll out biometric identity securely and the implications for those with no means of proving who they are who are financially excluded.  Hear case examples of how digital identity is now creating more opportunities for e-know-your-customer and fast-tracking of digital transactions.  

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