Digital identity is one of the most significant technology trends to exist today. It has transformed public and private institution interactions. Increased digital and online interactions, customer demand for seamless identification across applications, demand for security and privacy, financial and reputational risk of identity theft and fraud, government digitization activities, and rising regulatory requirements are driving interest in digital identity. Several fintech startups in India contribute to the growth of this industry by seamless identity verification for banks and other financial institutions.

In our panel discussion, eminent speakers will address the significance of digital identity solutions in fintech and the issues driving digital identity in today’s world.

Key Takeaways:

• Digital Identity plays a vital role by making onboarding secure and easy to consumers. If an identity issued in one country gets accepted in another country, then it becomes a powerful driver of economic growth (also known as cross-border identity).
• Citizens get contactless, anytime-anywhere service delivery with Artificial Intelligence, Machine Learning, Deep Learning, and IoT (Internet of Things), thereby improving the digital identity landscape.
• All the tech companies working on digital identity are trying to establish a layer of trust when consumers interact for biometric verification.
• A balance between privacy, consent, and citizen convenience services is the key for more innovations in the digital identity ecosystem.