Fintech Insider Podcast by 11:FS cover image

895. News: Industry coalition pushes digital IDs, Phase 2 of Saudi open banking, new Singapore anti-fraud powers

Fintech Insider Podcast by 11:FS

CHAPTER

Navigating Digital Identity Challenges

This chapter explores the hurdles and motivations behind open banking and the adoption of digital identities, particularly among major banks known as the CM9. It highlights a coalition's efforts with the UK government to create a unified digital identity system aimed at combating fraud and facilitating economic growth. The discussion underscores the importance of collaboration, regulatory frameworks, and efficiency in identity verification for both businesses and consumers.

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