Report: Delivering digital ID: why banks need to act – now
To stay relevant and competitive banks need to provide flexible and secure digital IDs.
As commerce goes online and governments and regulators gear up for a digital future, banks must act to deliver secure digital ID solutions for their customers. Failure to do so could see them missing revenue opportunities both in their home markets and across borders, and falling behind more agile digital-first competitors that are emerging from the online revolution.
In this report, we set out the commercial, regulatory and operational drivers that are leading banks around the world to implement digital ID solutions.
We review the benefits of digital ID at a business and systemic level – and explain why European banks must act now to get on board with the digital agenda by delivering flexible, secure digital ID across their entire service portfolio. Read more in this free report.
"In 2022, 68% of European consumers abandoned onboarding attempts because of overly complex identification requirements."
“New, digital-first competitors are emerging across the banking sector, with neobanks set to grow 21% per year through this decade.”
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