digital identity

A digital identity is information on an entity used by computer systems to represent an external agent. That agent may be a person, organization, application, or device. ISO/IEC 24760-1 defines identity as "set of attributes related to an entity".

(source: en.wikipedia.org)

Will FinCen’s Customer Identification Program Burden Banks and Consumers?
Will FinCen’s Customer Identification Program Burden Banks and Consumers?
May 24, 2024  |  Regulation

The fight between financial institutions and fraudsters is an eternal one, and a key battlefield remains identifying customers at the initial point of interaction and onboarding. In short, making...

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Mastercard and African Development Bank Group to Provide Digital Identities
Mastercard and African Development Bank Group to Provide Digital Identities
May 24, 2024  |  Digital Identity

Mastercard and the African Development Bank Group formed an alliance to provide digital access to critical services to 100 million people and businesses in Africa over the next 10 years....

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Worldcoin Ordered to Stop Iris-Scanning Operations in Hong Kong
Worldcoin Ordered to Stop Iris-Scanning Operations in Hong Kong
May 22, 2024  |  Biometrics

Worldcoin, the eyeball-scanning digital identity startup co-founded by OpenAI CEO Sam Altman, has been ordered to cease its operations in Hong Kong. Hong Kong’s Office of the Privacy Commissioner for...

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Block-Owned TBD and Chipper Cash Partner on Cross-Border Payments in Africa
Block-Owned TBD and Chipper Cash Partner on Cross-Border Payments in Africa
May 15, 2024  |  Cross-border Payments

Block-owned TBD and African FinTech Chipper Cash partnered to facilitate B2C and B2B cross-border payments across 40 African countries. Chipper Cash has integrated with TBD’s open messaging protocol, tbDEX, to...

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Digital ID Startup Humanity Protocol Valued at $1 Billion
Digital ID Startup Humanity Protocol Valued at $1 Billion
May 15, 2024  |  Digital Identity

Decentralized identity startup Humanity Protocol said it is now a $1 billion company. The firm announced the private valuation in a Wednesday (May 15) blog post as it revealed...

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Prove: Spike in Business Identity Theft Calls for Phone-Based Approach to Authentication
Prove: Spike in Business Identity Theft Calls for Phone-Based Approach to Authentication
May 15, 2024  |  Fraud Prevention

As the company that laid claim to the concept of “digital identity” more than 10 years ago, Prove Identity takes verification seriously, even when it’s...

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Phone Number Data Expands Fraud Prevention Arsenal
Phone Number Data Expands Fraud Prevention Arsenal
April 22, 2024  |  Fraud Prevention

While digital identities incorporate various data points such as name, email and physical address, phone numbers are swiftly emerging as the predominant means of identification. ...

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Digital Birth Certificates Expand Range of Paperless IDs in Connected Economy
Digital Birth Certificates Expand Range of Paperless IDs in Connected Economy
April 21, 2024  |  Digital Identity

You’ve likely heard of digital driver’s licenses, digital passports, and digital IDs. Now, digital birth certificates are emerging as the latest addition to the digital identity landscape, offering...

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Intellicheck CEO Envisions a Bank Consortium to Fight ID Fraud
Intellicheck CEO Envisions a Bank Consortium to Fight ID Fraud
April 09, 2024  |  Fraud Prevention

When you read about collaboration in the financial services industry the topic usually centers around banks and FinTechs. But maybe there’s more to that story....

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