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Finance
“Get involved!” was the resounding message panelists had for the audience of Evernym’s latest monthly webinar, an event that brought together a panel of notable experts to discuss what self-sovereign identity (SSI) means for the finance industry (view the recording here). Over 250 professionals signed up to learn about how self-sovereign identity will affect the...
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At Evernym, we’re not reserved about saying self-sovereign identity (SSI) will change everything.  SSI’s been called everything from the “New Internet” and “Blockchain’s Killer App” to the “Holy Grail,” and while the metaphors may be a little much, it’s hard to overstate the impact this new paradigm will have on making our digital relationships more...
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Last week, we were joined by over 250 registrants and three expert panelists for a webinar discussing what self-sovereign identity means for banks, credit unions, FinTechs, and other financial service businesses—and how organizations can prepare for this shift. The event was moderated by our own Andy Tobin, a veteran of Europe’s mobile banking industry, and...
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KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations have existed in one form or another for the greater part of the last two decades. Launched to protect the financial system from being used to fund and conceal the profits from criminal activity, KYC/AML regulations originally came without standards specifying the types of information that...
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Want to read this post at a later time? Download it in PDF form here.   The financial world is grappling with requirements to be more controlled (regulated), and yet more flexible to the real-time 24/7 expectations of customers. Responding traditionally is just creating more technical and operational complexity and cost. Banks need to break...
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