Digital identity has long been an unresolved challenge which both the UK Government and the wider British and European financial services industry have tried to piece together.

The ability to determine an individual’s identity remotely and securely has arguably become ever more critical against a backdrop of rising digital fraud. According to UK Finance, in 2021 internet and mobile banking fraud were up, in terms of volumes, by 117% and 48% respectively, compared to 2020. This is alarming as we enter into the digital post-Covid era.

This Campfire will discuss why digital identity is important when it comes to the ongoing Open Banking and Open Finance revolution, how it can improve financial inclusion, and what efforts have already been made to establish the infrastructure, standards and common framework that underpins this policy objective.

Agenda:

4:00pm – A warm welcome from Helen

4.05pm – Fireside chat with guest host David Birch and Brendan Jones, CCO at Konsentus

4.15pm – Panel Session with Dan Morgan, Dan Johnson, James Varga & Stephen Wright. Moderated by guest host David Birch

4:45pm – Fireside Chat with guest host David Birch and James Varga, CEO at DirectID

4:55pm –  The SCA Sprint with Fabien Ignaccolo, CEO at OKAY

5:00pm – A final word from Helen & Close

All meeting participants are reminded that this meeting must adhere to competition law rules and, as such, no confidential or commercially sensitive information should be shared directly or indirectly between competitors.

Helen Child, Founder & CEO, Open Banking Excellence