Learn how Raiffeisen Bank International heads toward decentralized identity to empower their customers across Europe and set the gold standard for privacy protection.
The increased mobility of users and their demand for personalized, unified omnichannel access experiences has stretched federated IAM beyond its limits. Meanwhile, the need for organizations to collaborate more to compete, and build communities of trust and value for those same users affordably and securely, cannot be met by existing federated IAM solutions. Learn how Raiffeisen Bank International (RBI) will embrace the new paradigm of decentralized identity to improve existing experiences and create the opportunity for new, valuable user experiences and increased levels of engagement and collaboration withbusiness partners across multiple jurisdictions, without the need to replace their infrastructure. Simultaneously, understand why starting their journey now, enables RBI to future-proof their ecosystem to rapidly support the EU Digital Wallet and official digital credentials that will become available. Get a glimpse into the solution architecture being deployed at RBI and an understanding of the benefits and how they can be communicated to executive leadership and business partners. Yes, decentralized identity may be great for web3 someday; however, learn from RBI how it can also solve today’sproblems in a practical way and work in harmony with existing IAM systems enhancing existing federationplatforms.
Open banking has changed our world, enabling citizens and businesses to create a holistic view of our financial lives. “Superapps” will combine our digital identities with other domains.
Imagine a future where we can view, add, update, or remove our digital identity attributes as easily as we can manage these credentials in our physical wallets today. Further imagine that through the same lens, we can view and control which people and businesses have access to what identity data, for how long and for what purpose and attend to our financial business. “Superapps” will enable us to do exactly that as well as enable us to minimize attributes shared to suit the situational needs.
Beyond the self-evident value to us in terms of ease of use and control, imagine the efficacy that this approach will have on culling fraud when there is no need to expose all of our details with every interaction in the digital universe. Join the conversation to understand what public, private, and standards initiatives are available today and how these need to expand in support of “Superapps”.
