Session Recap: To read the key takeaways from this session, please click here.
Where: Virtual event
When: March 15, 2022
Overview: In this installment of DataTalk, an interactive monthly forum of the Institute of International Finance and knowledge partner the Oliver Wyman Forum, experts from IIF member firms, leading tech firms, and other partners and officials discussed the importance and opportunity of digital identity. This note provides a summary of the key themes that emerged, noting that the conversation was conducted under the Chatham House Rule, and comments are unattributed.
Reliable and trustworthy digital identity services are a crucial enabler for integration into the digital economy. The technology holds great promise in contributing to financial inclusion, financial crime prevention, and improved customer onboarding experiences. It also presents financial institutions with a unique opportunity to leverage their existing positions as trusted data custodians and their large KYC investments. Moving forward, it will be vital to make digital identity "smart", and stakeholders from both the official and private sectors will need to prioritize creating standards that enable interoperability across sectors and borders.
This series includes two leading global experts as co-chairs:
Douglas Elliott, Partner, Oliver Wyman, and co-head of the Oliver Wyman Forum’s Future of Data initiative
Tom Wilson, Chief Executive Officer, Allianz Ayudhya