The blockchain era has spawned a great deal of innovation, but its most lasting impact might well lie in the fact it forced us to think more imaginatively about data. A decade ago, every business wanted to be the next Facebook or Google, by selling its data to third parties.
Legal entity identifiers (LEIs) began as a G20-mandated solution to a problem uncovered by the financial crisis of 2007-08: the difficulty banks had in identifying their true counterparty in a transaction, and the systemic risk this created.
A SUMMARY AND FULL REVIEW OF THE DISCUSSION AT THE WEBINAR ON 21 OCTOBER 2020
Banks, asset managers and insurance companies and their corporate clients are spending tens of billions of dollars a year conducting Know Your Client (KYC), Anti Money Laundering (AML), Countering the Financing of Terrorism (CFT) and sanctions screening checks as they on-board new clients and re-run checks on existing clients.
DIGITAL IDENTITY IS MORE IMPORTANT THAN DIGITAL MONEY OR DIGITAL ASSETS (30th March 2021) A FUTURE OF FINANCE WEBINAR WITH REGULATORS, FINTECHS, ACADEMICS AND INDUSTRY PROJECT LEADERS Tuesday March 30 2021, 14.00 – 15.00 UK time Questions posed from the October 2020 discussion and will provide the framework for the March 2021 discussion: How canContinue reading “DIGITAL IDENTITY IS MORE IMPORTANT THAN DIGITAL MONEY OR DIGITAL ASSETS (30th March 2021)”
THE PROMISE AND THE POWER OF DIGITAL IDENTITY (21st October 2020) A FUTURE OF FINANCE WEBINAR WITH REGULATORS, FINTECHS, ACADEMICS AND INDUSTRY PROJECT LEADERS Wednesday 21 October 2020 at 2.00-3.00pm UK Time Digital identity is a powerful idea. Rightly conceived, it has the potential to save the financial services industry tens of billions of dollarsContinue reading “THE PROMISE AND THE POWER OF DIGITAL IDENTITY (21st October 2020)”