Category: Open banking

Just add trust...to transact

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Is open banking data enough to verify citizens?

Discover the role of open banking in citizen verification and identity assurance. Learn how it provides a starting point for secure transactions and enhances data checks.

Identifying people in 2024 needs system thinking

Discover the complexities of the identity space and the concept of “identifying journeys” as a new approach to building more inclusive digital services in 2024.

What is identity orchestration and decisioning?

The notion of the identity ecosystem is not new. However, the alignment of data, APIs, and modern protocols has created a perfect environment for that identity ecosystem to thrive Users of online services demand a simple, secure, and low-friction experience. They don’t want to go through a complicated onboarding process with the result that they…
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How an Open Loop Identity Network Can Harden VRPs Against Fraud

When a new technology or process appears, you need something distinct, uncomplicated, and beneficial to prove the point. Open banking is an example of a disruptive force that looks set to shake up incumbent systems such as direct debits; Juniper Research expects open banking to handle more than $116 billion in global payment transactions by 2026. Variable Recurring Payments…
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The case for an open loop identity system

Lessons for identity from real-time payments and mobile wallets Ask anyone in the digital identity world, and invariably they will say that identifying someone to do a transaction is complicated. Anyone who thinks you can present a mobile wallet and bingo, you are verified to transact, is the equivalent of saying a swan glides but…
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GCloud 13 and Avoco

Avoco on GCloud12 for UK Gov procurement

Open Banking – The answer to reducing fraud and streamlining access to government services

Government services have been on a roller coaster ride for years now as technologies come and go. This situation is not unique to the UK. Government bodies across the world are actively trying to tackle the issues of customer engagement using identity tools. In the UK, even with the efforts of Verify, we still have…
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What the use of open banking means for identity networks

By connecting identity data from multiple sources through APIs, the open banking concept can help verify identity more reliably and improve the customer experience. When you think of Payment Services Directive 2 (PSD2), what likely springs to mind is the implementation of the Secure Customer Authentication rule (SCA). SCA was brought in as an additional…
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