The recent years of the Covid-19 pandemic have brought forth challenging and complex circumstances on all fronts. With the lack of safe physical interaction in modern business processes, we’ve seen industries gradually accept remote work and other online based interactions as viable means of industry processes. Given the great importance and necessity for seamless financial transactions and infrastructure in business frameworks, the emergence and growing implementation of digital technologies in protecting and re-establishing digital identities is a new point of focus.
Financial Industries are primarily looking towards safeguarding and securing organisational assets and client information. Identity and user Authority is being bolstered through new conduits like remote-ID and 2-factor verification, contactless payments, and other new infrastructure in the growing usage of contactless banking. “The future economy will run on digital rails,” quotes Sopnendu Mohanty, chief fintech officer at the Monetary Authority of Singapore. A growing number of countries are following suit, with emphasis on establishing a national financial identity framework/s to help safeguard transactional security and mitigate the risk of fraud and financial cyber-attacks.
The reorganisation of Digital Identity in Financial Industries is set to establish the importance of individual identity and security. The usage of National financial identity systems like Norway’s BankID or Bangladesh’s ID2020, have enabled secure access and storage of personal and financial documentation to further ensure clarity and safety in financial transactions. With a combined measure of digital innovation and national banking frameworks, financial and banking processes are set to take secure, contactless, and efficient protocol in the changing tides of future technological and business fronts.
Group Futurista is excited to announce its upcoming virtual event, ‘Reimagining Digital Identity for Financial Industries.’
You can grab your passes right now for free!
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This is an online event. You do not have to travel to any specific location. You can participate from your convenient location. The virtual event is accessible from a computer, mobile and tablet devices.
Your login details will be emailed to you ahead of the event. You can use those details to access the online event.
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