iOCO

Digital identity based on biometrics - specifically facial recognition - promises to simplify the identification of individuals, speed up processes and reduce the risk of identity theft.

There are myriad use cases for digital identity based on facial recognition. Once the verified digital identity has been onboarded, public service agencies, banks, retail, hospitality, and education sectors could use the technology to improve public safety, reduce the risk of fraud, and fast-track digital service delivery.

Advanced facial recognition tools can even be used to verify age, gender, or geographic origin, to track sentiment, or to monitor public spaces for known suspects.

Which sector do you believe stands to gain the most from a national digital identity rollout? Comment below.

As originally published here: https://hubs.li/Q04l9M2L0

ID numbers are not secret anymore. They are stored with every bank account, medical aid, and insurance policy. Whether we like it or not, our ID numbers have probably been bought and sold many times over.

But what if that didn't matter? What if the only thing that is going to determine whether this transaction is successful or not is verification of a person’s live face at the point of a transaction?

Given that there are constant pe*******on attacks on financial institutions and people are being conned on a daily basis to part with passwords and account numbers, the best way to secure a transaction is with a live picture, to verify one’s credentials against a national digital identity database.

What's your organisation's current approach to identity verification? Share your perspective in the comments — we'd value hearing from professionals across banking, insurance, and fintech.

As originally published here: https://hubs.li/Q04kD9990

No strategy executes itself. No business runs on its own. Behind every product delivered, every client served, and every deadline met is a person who showed up and did the work, often without nearly enough recognition for it.

Workers Day is the one day we stop and say it plainly: none of this exists without you. Not the administrator keeping things moving behind the scenes. Not the analyst turning data into decisions. Not the technician, the team lead, the first one in and the last one out.

Every role. Every industry. Every person. Today belongs to all of you.

Rest well. You have earned it.
Happy Workers Day.