Domingo and Enríquez, 2018

Abstract

In a world where the rise in the use of the Internet is increasing exponentially, the ability to prove your identity is crucial for the economic, financial and social development. Individuals and companies need identity solutions valid across different services, markets, standards and technologies. New technologies like blockchain, biometrics and AI can help to deliver secure identity services, in particular by governments and financial institutions, and solutions should meet both the objectives of ensuring secure identity and improving user experience. As public identities have been created by different authorities, and since a global public or private identity is not a realistic option in the short term, interoperability and the collaboration between different entities to offer complete solutions is decisive. In the long run, to become a trusted identity provider across different industries could represent a big business opportunity for financial institutions.