Identity is the New Money (for Banks)
The bank should be the place where you store your identity. You can store your
San Diego, December 2014
1 Version 1, 3-Dec-14 Attribution-ShareAlike 3.0
The electronic money
world looks much
more like the
economy before the
invention of money
than it looks like the
market as we have
known it in the past
few hundred years
Who are Consult Hyperion?
Practical and independent expertise
TfL Future Ticketing Strategy
Enabling open-loop payments in London
Deep involvement in mobile payment programmes
around the world
Technical authoring and consultancy on EMV payment
specifications, strategy, training & certification requirements.
Enabling card payment acceptance within a new
category of Merchants
Please copy and distribute
Our identify infrastructure is a mess that results in security theatre
Identity should be foundation for co-operation across
channels and applications and contexts
In the world of post-modernism,
it is no
longer clear that any
one identity is ‘real’.
Charles Raab (2004)
What’s harder to forge? An exam certificate or a social media profile?
What do you want to keep in the bank?
in man and woman,
Dear my lord,
Is the immediate jewel of their
Who steals my purse steals
trash; ‘tis something, nothing;
‘Twas mine, ‘tis his, and has
been slave to thousands;
But he that filches from me my
Robs me of that which not
And makes me poor indeed.
Othello, Act 3, Scene 3
Guildford Shakespeare Company (2014)
Check out the case study of Ireland when the banks went on strike. You can find it at:
Consult Hyperion has helped some of the world’s leading organisations to make the
right technical and commercial choices around smart, mobile and contactless
transactions, including payments, identity management and transit ticketing. We are
a trusted advisor adding product strategy, technical, regulatory, compliance and
information security expertise into project teams within organisations considering
deploying innovative new payment or identity services.
David Birch is an internationally-recognised thought leader in digital identity and digital
money, one of Wired magazines global top 15 favourite sources of business information, a
NextBank “Fintech Titan”, one the European “Power 50” in digital financial services and
ranked Europe’s most influential commentator on emerging payments.
thought leadership from Consult Hyperion
7 Version 1, 3-Dec-14 Please copy and distribute
One more thing…
Birch doesn't claim to have all the answers. What he has
done is produce a bold, forward thinking book that grapples
with weighty issues in a concise and accessible way. Retail
Systems (May 2014).
“Identity is the New Money” (LPP: 24th April 2014)
144pp paperback / ISBN 978-1-907994-12-8
8 Version 1, 12/3/2014 Please copy and distribute