The Digital Identity Crisis and How to Solve It
Digital identity is broken, and fixes are urgently needed. The year 2016 set a record for data breaches at U.S. companies. Regulators demand that financial intermediaries know ever more about their customers, while lack of formal identification shuts the unbanked out of the mainstream financial system and compounds the plight of refugees. For consumers, usage of digital channels, especially mobile, keeps growing. Users are fed up remembering countless passwords and providing the same information over and over again, and spooked from knowing their personal information is passed around without their consent. Meanwhile, the Internet of Things promises to add even more complexity to the challenge of ensuring the integrity of digital transactions.
Learn how large financial service and healthcare companies are tackling the issue to enhance customer experience, to stake out positions in their business ecosystems, and to manage risk. Banks, for example, could offer identity-as-a-service to other businesses that dont want the burden of storing customer data. As a prerequisite step, various industries are working to collaborate to make digital identities interoperable and adopt common standards, so identity becomes "one-to-many" rather than "many one-to-one connections." But coordination is hard because organizations are often reluctant to give up control of identity in their organizations and see risk in interacting with third parties. Experts from a range of sectors will discuss the benefits and challenges of federated solutions, both B2B and B2C, drawing lessons from past successes for emerging collaborative projects.
February 23, 2017 | 12:00 p.m. - 1:00 p.m.
Editor in Chief, American Banker
Project Lead – Disruptive Innovation in Financial Services, World Economic Forum
President & CEO, SAFE-BioPharma Association
Managing Director, Cyber Risk Services, Deloitte Advisory - Deloitte & Touche, LLP
Who should attend?
CEO, CIO, CISO, COO, CTO, CDO, Digital Banking Executives, Head of Mobile Banking, Emerging Channels, Retail Banking, Omni Channel
What's the sign-up deadline?
Registrations closes 30 minutes before the start time 12:00 p.m. ET on February 23.
Register online here.