Identity lies at the very foundation of our day-to-day experience; yet, it’s the weakest link in the chain of interactions taking place in the online, borderless economy. While technology evolved at an exponential pace, fundamentally transforming every stratum of the human experience, identity, in practice, was left to languish, changing only sporadically with ad-hoc adjustments and concessions to accommodate the disruptive changes of the Digital Age. Indeed, the global identity infrastructure that we inherited still remains antiquated and has proven to be an inadequate instrument for online interactions.
Restoring Trust: How Modern Identity Networks Can Marry Convenience, Compliance and Privacy will examine what the future of identity holds and what it means for convenience, compliance and privacy – the three criteria that are the deciding factors in the outcome of any innovation in the identity industry.
The webinar, which features two influential executives and thought leaders within the identity space, will tackle some crucial themes:
Lack of interoperability
The lack of interoperability and data portability still obdurately stand in the way of accessing even the most basic services. A foreign national is still hard-pressed to seek a loan or open a bank account in the US, in the absence of identity documentation issued in the US or a domestic credit history. Notwithstanding the deep-seated reluctance of national governments to build a universal framework of identity data, the lack of standardization of identity data still stands in the way of interoperability.
The lack of interoperability affects not just immigrants and other financially excluded groups – the problem runs much deeper. Today, we need to establish and prove our identity afresh for every aspect of our daily life. Signing up for a credit card, booking a vacation rental, starting an online store – the most quotidian tasks require us to repeatedly furnish and prove our identity. Unbeknownst to us, our personally identifiable information (PII) lies scattered across the web, vulnerable to breaches, and ready to be scooped up by bad actors. Access to the internet may have become inexpensive and ubiquitous, yet the price we pay for our digital interactions is the appropriation of our data and privacy.
Beginning a new discourse on identity
Things, however, are changing; recent regulatory changes, particularly in Europe, are taking a more sophisticated approach to the management of personal information online. We are slowly, but gradually, starting a new discourse on identity – one where all stakeholders, including the traditional gatekeepers of PII, such as financial institutions and governments, and technology companies, regulators are examining the possibilities of modern identity networks.
To a large extent, stakeholders have been emboldened by the emergence of the API ecosystem; APIs which can be built to offer stronger security features, along with greater transparency and access controls to customers over their data, standardization of identity data, can solve problems around interoperability and data portability, which have dogged the identity space for too long.
[Webinar] Restoring Trust: How Modern Identity Networks Can Marry Convenience, Compliance and Privacy
June 13, 2pm EST
The speakers include:
Zac Cohen, General Manager, Trulioo
Zac is a versatile leader experienced in managing and scaling high-growth companies. He is a veteran of all facets of startup and tech operations, including strategic planning and execution, corporate management, and building high performance teams. His expertise in risk and compliance software continues to drive innovative and effective solutions for businesses operating worldwide. Zac is passionate about fostering changemakers to make an impact and build groundbreaking solutions that are solving our world’s most pressing problems.
Simeon Beal, Associate Director, One World Identity
In his role, Simeon is responsible for providing comprehensive insights and analysis of the identity industry. His current market interests are on the internet of things, identity in marketing, and global legislative developments. Prior to OWI, he was an experienced associate in the risk assurance practice at PwC, with a primary focus on regulatory compliance in the Banking and Capital Markets sector.