The Growing Significance of Trusted Digital Identities in U.S. Financial Services

Today, many banks are taking steps to improve their digital identity capabilities, typically seeking to upgrade historically manual and in-person verification processes to digitally enabled ones by moving to stronger verification and authentication methods. Strengthening digital identities is critical for reducing fraud, complying with regulatory requirements and establishing trusted relationships with customers. The resulting market need has borne a vibrant and competitive landscape of vendors with rapidly improving solutions. But where do banks begin?

ABA and Oliver Wyman have published a report on the growing importance of digital identities in the U.S Financial Services sector, sharing insights into the evolving landscape of providers and offering a framework for banks seeking to upgrade their digital identity processes and controls.

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