The evolution and modernization of how we manage and protect identity has moved into a new era. More than two decades after the tragic events of 9/11- when 19 hijackers used falsified identity documents to board planes, US travelers over the age of 18 will now be required to present a REAL ID compliant form of identification to board an aircraft, or access certain types of federal facilities Identity verification is also at the core of Know Your Customer requirements. And it’s why financial services providers are a key stakeholder in the evolution of digital identity.
Furthermore, new digital identity infrastructure has the potential to put the customer at the center of a user-based system that will help individuals retain their personal data and reduce the risk of fraud, identity theft and account takeover.
Coercive Capital host, Elaine Dezenski recently spoke with Amit Sharma, Founder and CEO of FinClusive, about the concept of sovereign ownership of identity and the integrity of personal data as a fundamental human right.
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