All posts tagged "digital identity"
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226Fintech / RegtechMAS Announces Finalists for Global CBDC Challenge
The finalists include ANZ, Citibank, Consensys, HSBC, IBM, Soramitsu, Standard Chartered, among others. They will progress to an eight-week Acceleration Phase to further develop and refine their solutions.
August 31, 2021 -
820Contributed ArticleThe Role of Digital ID in Advancing CBDC Initiatives
The presence of digital ID infrastructure can influence the design and roll-out of CBDC initiaties, writes Claus Christensen.
August 24, 2021 -
184FeatureBig Tech Brings ‘New and Unfamiliar’ Challenges: BIS
A purely activity-based approach to regulating big tech is likely to fall short. Central banks need to more closely coordinate with competition and data governance authorities.
August 6, 2021 -
358AML / KYCFATF Examines Collaborative Analytics and the Need for Privacy
An AML risk information sharing platform in trial operation in China allows FIs to check whether a customer is labelled high risk by other FIs without any customer data being exchanged.
July 6, 2021 -
201AML / KYCEftpos Launches Business to Make Digital IDs Interoperable
ConnectID acts as a ‘broker’ between identity providers, securely facilitating identity verification and data exchange, without storing identity data.
July 1, 2021 -
562AML / KYCDigital Identity: A Sound Model for Risk Mitigation
Lax attitudes towards security by consumers have made it increasingly important for banks to take advantage of digital identity systems and put in place robust security measures.
June 29, 2021 -
176AML / KYCAustralia DTA Consults on Digital ID Expansion Plans
The consultation will facilitate the introduction of legislation to expand access to the digital identity system to private sector entities.
June 24, 2021 -
204AML / KYCUOB Pilots Digital Signing Capability via SingPass
UOB is testing the use of GovTech's 'Sign with Singpass' to allow a set of retail and corporate customers to confirm transactions and product applications.
June 14, 2021 -
216AML / KYCEuropean Commission Proposes European Digital Identity Regulation
To expedite the initiative, the European Commission has issued a recommendation for member states to establish a common toolbox by September 2022.
June 8, 2021 -
466AML / KYCHKMA Urges Banks to Use iAM Smart in Remote Onboarding
The HKMA clarifies that when iAM Smart is used for identity verification, record keeping requirements may be met by retaining data obtained via API.
May 25, 2021
