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Significant headway has been made in making digital financial services available to Pakistanis, with 60 percent of adults now benefiting from them under State Bank of Pakistan (SBP’s) National Financial Inclusion Strategy (NFIS). Despite this, large obstacles still persist, such as Pakistan’s vast financial exclusion gap. In navigating these difficulties the integration of innovative solutions … Read more

Worldcoin continues to take its iris biometrics and digital identity scheme into new territories – and, like clockwork, trigger alarms among governments who remain unclear on exactly what the company is doing with the biometric data it collects. Latin America is the latest hot zone, as Argentinian legislators push to regulate Worldcoin’s activities, and Mexican … Read more

Researchers say expanding Australia’s digital identity system could strengthen privacy by reducing vulnerability to cyber breaches, hacks, scams and identity fraud. Professor Jeannie Paterson, director of the Centre for Artificial Intelligence and Digital Ethics at Melbourne Law School, says “digital identity schemes that are properly set up and accredited may be far more privacy-enhancing than … Read more

Home » News » Fintech » Prove Identity Saving Americans Nearly 30 Million Minutes Yearly Through Frictionless Digital Identity Customer Experiences Prove Identity, Inc. (“Prove”), the global leader in digital identity, today announced consumer impact metrics that illustrate Prove’s ability to empower enterprise customers to drive incremental revenue, while mitigating fraud, improving the consumer experience, … Read more

Apple announced plans to turn the iPhone into your driver’s license all the way back in 2021. Plane tickets, movie passes, and credit cards were already digital. Now it was time to digitize government-issued identification cards. So far, very few U.S. states actually let you add your driver’s license or state ID to Apple Wallet. … Read more

When it comes to a government and public service selling big ideas about change to the public, the clincher or the reveal in ad campaigns is that something happens. With the NSW Opal public transit card, now more than a decade old, we all changed from paper to tapping a plastic credential like a credit … Read more

The National Institute of Standards and Technology is looking for feedback on a new international draft report that will help the U.S. and European Union find common ground in digital identity practices. Jointly authored by a subgroup within the EU-US Trade and Technology Council, the draft version of the Digital Identity Mapping Exercise Report aims … Read more

Imagine a Metaverse where you design your avatar to represent your gender, ethnicity, and even your unique abilities (perhaps a gymnastic avatar!). You will also want to dress as you would likely do in the real world, wearing the same black T-shirt and pair of sneakers you wear to meet your friends in real life, … Read more

A college professor in Washington State received a call from the Federal Trade Commission. To protect against money launderers, she was told she must transfer her life savings, including her retirement funds, to the government. In the end, she turned over more than $400,000 to an imposter. Unfortunately, there are millions of similar stories across … Read more

A national, government-regulated digital ID scheme will undoubtedly have its benefits. It will make it easier for us to verify our identities online, and we will need to share our personal information with fewer organisations. Michelle Falstein, a lawyer and an executive member of the NSW Council for Civil Liberties (NSWCCL), has some concerns. “By … Read more