United States
Daon and CU*Answers, the cooperative Credit Union Service Organization (CUSO) headquartered in Grand Rapids, Michigan, are providing digital identity proofing, authentication, and onboarding solutions to CU*Answers’ network of 350 credit unions through Daon’s IdentityX platform.
Daon’s IdentityX combines multi-factor authentication capabilities with document-centric identity proofing, creating a solution that “spans the entire customer identity lifecycle and serves over 200 credit unions.”
Credit union members find their government-issued identity document, like a driver’s licence or passport, snap some photos of the document, and then take a selfie. In seconds, Daon’s artificial intelligence/machine learning algorithms verify the document’s integrity and match the selfie to the document image, using liveness detection to prevent spoofing with a photo or video recording. If desired, additional third-party data sources can also be leveraged as part of the KYC/AML requirements for the credit union.
Scotland
Scotland has provided an update as to the progress of its digital identity service.
It says in 2023 it will be further developing the service and adding features and to support users.
In a blog, Joseph Walton, stakeholder engagement and communications manager of the Digital Directorate said Scotland would be delivering secure sign on to make accessing online public services easier and simpler, using one account to securely log in to a variety of services.
It is also working on identity verification for when a public service needs to confirm identity or other personal information, and a personal and secure attribute locker, where people can choose to save verified personal information, to use again when applying for other public services
An event will be held on November 16 at 14:00 to 16:00. It is open to anyone who would like to hear more about what’s planned for 2023 and beyond.
Global
Visa is partnering with Thunes to help individuals and small businesses move money internationally to 78 digital wallet providers, reaching 1.5 billion digital wallets across 44 countries and territories. This partnership will now expand Visa Direct’s reach to nearly seven billion endpoints, including more than three billion cards, over two billion accounts and 1.5 billion digital wallets.
For the unbanked individuals in emerging markets, digital wallets are gaining traction as an empowering first entry point to the financial system. Consumers are not required to have a card or account to load or receive funds directly to their digital wallet, opening the potential for greater financial inclusion and enabling underserved populations opportunities to access financial products that meaningfully impact how they live and work.
Thunes’ B2B payments platform will connect to Visa Direct, adding a cross-border send-to-wallet capability to 78 digital wallet providers that are already integrated with Thunes. Through an integration of Visa Direct, financial institutions, governments, neobanks and money transfer operators will be able to utilise the new functionality to enable consumers and small businesses to send funds to markets across Africa, Asia, and Latin America where wallets may be the go-to payment method.
South Korea
South Koreans could soon allow its citizens to use blockchain-based digital ID instead of physical cards as soon as 2024, as the nation further embraces blockchain technology.
According to a report from Bloomberg, a plan from the government will see digital IDs embedded as an app within mobile devices in the future, working in a similar fashion to physical resident registration cards.
The digital IDs are expected to launch in 2024, with around 45 million citizens expected to adopt the technology within two years.
An economist at Korea’s Science and Technology Policy Institute Hwang Seogwon said the digital IDs could be used in finance, healthcare, taxes and transportation, while the director-general of Korea’s Digital Government Bureau Suh Bo Ram said the technology could help businesses that haven’t yet transitioned fully online.
The plan would also see the government adopt a decentralized identity system, meaning the government will not have access to information stored on phones, including the digital ID being used, how they’re used and where, according to Suh.
United States
Imprivata is expanding its integrated digital identity platform to defragment identities across a set of clinical and enterprise applications. The integration leverages Imprivata OneSign, the company’s single sign-on solution, as the identity source for Imprivata FairWarning, its risk analytics and intelligence offering, to provide a view of users across the entire application ecosystem to ensure compliance and reduce security risks.
Imprivata says that 51 percent of organizations don’t monitor access to critical systems and data. For most, it is difficult to understand anomalous behaviour across the network as user IDs are not consistent across applications. As a result, it can be extremely challenging to remain compliant with HIPAA and other regulations while preventing hacks and data breaches.
Latin America
Trulioo has updated its coverage across Latin America, expanding access to the Dominican Republic and Uruguay and strengthening data sources in Colombia and Mexico.
The enhanced Latin American coverage will enable organisations to reliably verify attributes such as age, identity and address to adhere to Know Your Customer, Know Your Business and Anti-Money Laundering regulations.
Address standardization across Latin America can vary, making it a challenge to achieve high match rates. However, the Trulioo eIDV service standardises the address information to significantly increase match rates.
Middle East and North Africa
London software company Zamna has signed an Industry Partnership Programme Agreement with the Arab Air Carriers’ Organization (AACO).
The agreement will see Zamna’s digital identity technology made available to 34 of AACO’s constituent airline members, sitting across 19 countries within the MENA region.
Zamna’s solution can instantly validate a passenger’s ‘ready to fly’ status prior to airport arrival. With all document checks performed in advance, this avoids excess queues, streamlines airline and airport processes, and enables the most cost-efficient operation while avoiding regulatory fines.
Switzerland
The Swiss government wants to introduce an electronic identity (e-ID) for citizens. The Organisation of the Swiss Abroad is in favour of the move, saying the e-ID could solve several problems at once.
The proposal to offer Swiss citizens a state-recognised e-ID is now at the draft law stage. But a previous attempt ended in failure. In March 2021 64 percent of voters in Switzerland rejected the first proposed law for an electronic identity system over data protection fears.
Reports say that many voters were put off by the involvement of private companies in the technology used, fearing that sensitive identity data would be vulnerable to hackers and data giants from Silicon Valley.
