March 28, 2012 – Online identity verification service miiCard is today releasing a short video on the predicted impact of digital identity on financial services in 2012. While attending FinovateEurope in London last month, miiCard asked a range of experts in financial services about the role digital identity was going to play over the coming year.
The importance of a customer-centric view of data emerged as a strong trend, with those interviewed stressing the increasing significance of individuals being able to manage and control their identities online. Interviewees also predicted that the need to identify and authenticate users across a range of platforms would become a priority for financial institutions.
These predictions reflect growing awareness of the need to prove identity online. Deloitte’s January report on the Top Technology Trends for 2012 identified digital identity as a key issue, and initiatives geared to tackle these concerns have been launched by both the UK and US governments, with the UK Identity Assurance Programme and the National Strategy for Trusted Identities in Cyberspace (NSTIC) in the United States.