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The Future of Identity
Adrian Field - OneID’s Approach to Driving BankID Adoption in the UK
Apr 25, 2024
Adrian Field from OneID discusses driving BankID adoption in the UK. Topics include revenue-share models with banks, key use cases, evolving user experience with verifiable credentials. Field shares insights on digital ID ecosystem after working in the space for four years.
46:55
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Quick takeaways
- OneID incentivizes banks with revenue-share model for secure data sharing.
- Integration with UK banks streamlines authentication process for seamless user experience.
Deep dives
Bank ID in the UK and the Role of One ID
One ID, a bank-based identity verification product in the UK, aims to bring the Nordic model of bank ID to the UK using the open banking platform. The process involves a user consenting to share data, logging in securely with their bank, and completing the data sharing process. Through a revenue share model, banks are incentivized to participate in the ecosystem, enabling secure and efficient data sharing. The use of bank-based schemes proves effective in the absence of a national identity system.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode