Decentralized KYC Sharing

  • TYPE: Combined Session DATE: Wednesday, May 10, 2017 TIME: 12:00-13:00 LOCATION: BODENSEE II
Track

Sessions:

Know Your Customer costs are spiralling due to increased AML requirements. Often the same checks are being performed repeatedly both within and across financial institutions. DLT can potentially be used to enable portable financial digital identities that can be used across multiple institutions avoiding this unnecessary duplication of requests. Steve will show what such a DLT application may look like and consider what barriers there could be to make it work. Ultimately we believe a portable financial digital identity could have great utility both within and beyond financial services, leveraging core capabilities that already exist in banks.

Key Takeaways:

  • The KYC sharing opportunity could be a significant catalyst for digital identity
  • DLT / Blockchain can address some of the inherent pain points in current federated identity
  • Banks have an important role in digital identity

Speaker:

Steve Pannifer is a director of Consult Hyperion as well as being an identity technology and security expert. Steve works with banks, mobile operators and leading technology companies on digital identity strategy covering all aspects of digital identity – commercial, technical and...


Identity systems have become increasingly complex over the last 20 years and we are often unaware of the dependencies and new risk exposures that are created as a result. The Shared Signals model provides lightweight notifications that support authoritative identity risk and session management whilst maintaining individual privacy. Standards work in the Open ID Foundation and the IETF is creating well defined mechanisms for companies such as Google, Amazon, AOL, Facebook and many others to share digital identity alerts that reduce fraud and improve management of consumer identity interactions. This session describes the principles of shared identity signaling and the state of industry and standards engagement, with specific use cases drawn from the UK Verify project.


Speaker:

Andrew Hindle is an independent consultant specializing in digital identity, cybersecurity and privacy. He is a founding member of IDPro, for whom he serves on the Board and chairs the Editorial Committee. He participates as a voting member of the User-Managed Access Working Group at...



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Munich, Germany

Congress

European Identity & Cloud Conference 2017

Language:
English
Registration fee:
€1980.00 $2475.00 S$3168.00
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Contact person:

Mr. Levent Kara
+49 211 23707710
lk@kuppingercole.com
  • May 09 - 12, 2017 Munich, Germany

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