AI-based digital identity firm Element has appointed a new regional director, Joe Udomdejwatana.
“In recent years there has been a surge in fintech product innovation across Thailand, Vietnam, Malaysia, Singapore and neighbouring countries, spanning new digital banking licence rollouts to a cycle of successful product launches, high consumer adoption and increased capital investment across the banking, non-bank lending, payment wallet, insurance and other financial services” said Udomdejwatana.
Udomdejwatana, who is based in Bangkok, Thailand, joins Element from consumer credit reporting company, Experian, where he served as country manager of Thailand. He will report directly to Adam Perold, co-founder, president & CEO of Element.
Ping Identity has partnered with ProofID to simplify identity security for Tesco Bank, the banking division of the UK’s largest supermarket retailer.
Since its formation in 1997, the more than five million customer identities managed by Tesco Bank had become siloed across its products and services, adding unwanted friction to the customer experience. The bank also needed to meet robust compliance requirements to adhere to the revised Payment Services Directive (PSD2), a European electronic services regulation requiring strong customer authentication. These needs were hindered by an inflexible security posture that was adding cost and time to the launch of new applications and features.
“We needed a customer security platform that could extend across all our channels,” said Tesco Bank security architect, David McConchie, “and ultimately allow us to consolidate disparate identity data, laying the foundation for a common customer identity.”
The goal was to select the best solution to break down identity silos and bring it into one simplified identity layer. With ProofID as the implementation partner, Tesco Bank configured its new PingAccess and PingFederate cluster to secure key applications in just 12 weeks.
This included building a single-factor login journey and deploying it across its private AWS cloud. The result is a common identity provider with self-service features across banking, credit cards and general insurance.
eftpos is set to expand a trial of its connectID digital identity solution for age checks on online alcohol sales after a successful initial trial with Retail Drinks Australia.
The initial trial, which also involved connectID integrated identity service provider Yoti and Sydney-based craft beer retailer Beer Cartel, demonstrated auditable age verification in transactions.
ConnectID acts a broker between identity provers to allow organisations to verify identity to confirm proof of age, address details or bank account information.
The expanded trial is expected to involve additional as-yet-unknown online liquor merchants, as well as further identity service providers, including Australia Post.
Australia Post is one of only two identity service providers – the other being the Australian Taxation Office – accredited under the federal government’s trusted digital identity framework (TDIF).
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The expanded trial comes as the NSW government prepares to introduce new requirements for same day delivery providers to verify the age of customers at the point of sale.
From June 2022, providers will need to implement mandatory online age verification for first-time purchases using a TDIF-accredited identity service provider and an age verification system.
Digital ID cards are now being distributed to Filipinos who have completed the biometric phase of registration with the Philippines Identification System (PhilSys), according to information from the Philippine Statistics Authority (PSA).
The distribution process, which is being done with the collaboration of the Philippine Postal Corporation (PHLPost), started on May 1 and the PhilID, as it is known, will be used as the only valid proof of identity. It will enable holders to access certain public services such as enrolment in schools and the opening of a bank account among other uses, the PSA said in a press release.
By the end of this year, PSA expects to launch biometric authentication and Know Your Customer (KYC) services based on fingerprint biometrics, facial scans and One Time Passwords (OTPs) which will enable the authentication and verification of digital ID holders without requiring their physical cards.
The American Civil Liberties Union (ACLU) is warning of the potential dangers mobile driver’s licence (mDL) adoption in America.
Mobile driver’s licences could increase inequity by excluding people without smartphones, by being forced to use digital IDs rather than physical ones, it says. A poorly constructed digital identity system would lead to a loss of privacy, ACLU points out, also noting that a well-constructed one could improve user privacy. mDLs could also lead to greater demand for ID checks and more data being included on them.
The organisation recommends that police officers should be prohibited from asking people to hand over their mobile phones, that mDLs should provide granular control over the data they release, and that people should have the right to use physical identity documents.
SecureKey has announced that Employment and Social Development Canada (ESDC) has adopted Verified.Me as the new real-time way to securely verify identity when registering for a My Service Canada Account (MSCA), streamlining the digital identity verification process.
The Verified.Me service helps Canadians verify their identity when registering for their MSCA account by securely confirming personal information they consent to share from one of the six major financial institutions in Canada.
Verified.Me has no access to the users’ banking information and is protected with strong security protocols to prevent personal information from being identified, accessed or misused. Verified.Me is the recommended real-time alternative to the in-person or PAC (Personal Access Code) identity verification methods.
Hon. Ahmed Hussen, Minister of Families, Children and Social Development welcomed the adoption of Verified.Me. “During these challenging times, our government’s focus is to help reduce barriers faced by Canadians every day to ensure they can quickly access essential programs and services when they need them the most. Today’s news is a significant step in the right direction for millions of Canadians and will make accessing this next-generation technology not only more convenient but ensure their security along the way.”