Digital Identity: Financial Services and Payments
Overall there is a big paucity of tech in the UK. Banks need to fix the issues and have all the information. They are in a strong position to help and take advantage but so far have not done so. They also seem not to be collaborating.
Facial/biometric image converting into a token. Frictionless (mcrosoft also stressed this was key) and without breaches.
Overall, it seemed the banks are being too slow and could be disintermediated but HSBC disagreed (of course) while Nat West admitted it was something they were aware of and need to address.
InterAxS in collaboration with Women in Identity is pleased to invite you to the first in our Digital Identity Series. The digital revolution has created new opportunities across every sector as digital disruption continues to emerge. In the series we will take a closer look at some of the sectors, challenges and new value opportunities.
People, organisations and internet enabled devices of all kinds are interacting with one another digitally. Users are demanding connected seamless experiences that are trustworthy, convenient and with minimal friction. The shift to using digital identity provides opportunities for businesses to drive value and for governments to unlock GDP of 3-13% (through rolling out full digital identity programmes, according to McKinsey), but has also created new fraud vectors and a fragmented approach with clear standards yet to emerge.
Our first event will focus on financial services and payments where we will cover topics including: a perspective from Truststamp, who are providing innovative new ways for banks and payment providers to keep customer biometric data safe and secure - this is especially timely as the Covid crisis shines a light on the balance between privacy and trust. We'll also hear from two leading UK banks on their approach to digital identity, and explore the future of identity including the convergence between identity and payments, the tension between customer experience/UX and robust checking, and what the role for government and regulators could be in a world where everyone owns their own identity.
Wednesday 17 June 2020
14.00 – Opening introductions
14.10 – Panel introductions
14.45 – facilitated Q&A, chaired by Laura Coffey, ex-Director of Policy & Strategic Accounts at Onfido, a leading RegTech provider of Identity verification technology
15.15 - End
Panel (bios below)
David Birch, Global Ambassador for Consult Hyperion , Technology Fellow at the Centre for the Study of Financial Innovation and a Visiting Professor at the University of Surrey Business School. An internationally-recognised thought leader in digital identity and digital money.
Emma Lindley, Chief Commercial Officer at Truststamp & MD at AiID Global
Shilpa Maher, Head of Delivery, Digital Identity, HSBC
Andrew Black, Senior Digital Product Owner, Data & Digital Identity, NatWest
Ankur Patel, Global Lead, Growth for Identity, Microsoft
To be fully compliant with MiFID II there will be a charge attached to this event.
Please register to ATTEND above, we will issue the Zoom codes required for log-in on the day of the event.
Vision: Digital identity solutions built FOR everyone are built BY everyone.
Mission: To inspire, elevate and support a more diverse workforce in the digital identity industry.
WiD champions a more diverse workforce, inclusive of all, to enter, and work, and advance in the identity industry to reduce bias and develop identity solutions and systems that work for all.
David G.W Birch is an author, advisor and commentator on digital financial services. He is Global Ambassador for Consult Hyperion (the secure electronic transactions consultancy that he helped to found), Technology Fellow at the Centre for the Study of Financial Innovation (the London-based think tank) and a Visiting Professor at the University of Surrey Business School. He is an internationally-recognised thought leader in digital identity and digital money; was named one of the global top 15 favourite sources of business information by Wired magazine and one of the top 10 most influential voices in banking by Financial Brand; created one of the top 25 “must read” financial IT blogs; was found by PR Daily to be one of the top 10 Twitter accounts followed by innovators, along with Bill Gates and Richard Branson, rated Europe’s most influential commentator on emerging payments by Total Payments and was recently awarded “Contributor of the Year” by the Emerging Payments Association.
Emma Lindley is Chief Commercial Officer for Truststamp, a provider of revolutionary privacy protecting technology for the identity industry, she is also co-founder of Women in Identity a not for profit organisation focused on developing talent and diversity in the identity industry.
Emma has been an instrumental figure in the industry since 2003 when she joined GBG plc as part of the founding team taking them into the identity marketplace. Over her 18 years in identity she has founded and co-founded multiple businesses with successful exits from Confyrm (to Capital One) and Innovate Identity. Prior to joining Truststamp she was Head of Identity and Risk at Visa Europe.
She has been recognised in the Innovate Finance Powerlist for Women, the KNOW Identity Top 100 leaders in Identity in 2017, 2018 and 2019, 100 Women in Tech Awards 2019, and was voted CEO of the year at the KNOW Identity Awards. She has an MBA from Manchester Business School and completed her thesis in Competitive Strategy in the Identity Market.
Shilpa has over 20 years’ experience working for some of the world’s well-known brands like PwC, Expedia, Direct Line Insurance, Barclays and currently HSBC, involved in defining and delivering digital transformations. Since joining HSBC in 2016, Shilpa has primarily been focused on defining the Bank’s approach to Digital Identity resulting in the ‘Events Based approach to generating Data Assurance’ – an innovative approach to help solve the Digital Identity puzzle.
Andrew has been working in financial services for the nearly 10 years at both Santander and now NatWest, with specialities in Digital Security, Data Management and Digital product development.
At NatWest he is the senior product lead for Digital Identity, driving their strategy and product development for their personal customers. He also manages and develops all personal data management customer journeys for personal banking customers across digital channels.
Ankur Patel leads Growth for Identity @ Microsoft. In recent times, he has led the effort for connecting LinkedIn, the world’s leading professional graph and Office 365, the world’s leading productivity graph. Currently, Ankur leads Microsoft’s efforts for a new form of identity for users to own and control their identity and associated data, powered with technology provided by Microsoft to empower everyone to achieve more.
All InterAxS speakers confirm that they are not subject to any confidentiality, non-disclosure (NDA), employment, franchise agreement, or any other agreement, which would prevent them from speaking on the topic. Participation in this InterAxS public event will not violate their employer’s policies or confidentiality obligations and that as a condition of their engagement as a speaker, they agree not to disclose any non-public or confidential information.