A slide for elevator pitch during ADB Hack 2018 event. Additional Script ----------------------------------- CNP "card not present“ fraud is rising. CNP fraud includes telephone, internet and mail order transactions According to a 2017 report by the US Payments Forum, the increased security of chip cards forced criminals to shift the focus of their activities to CNP transactions.6 The United States is especially vulnerable to CNP fraud, as it leads the world with the highest percentage of e-commerce sales, with 77 percent of U.S. merchants selling online.6 The Payments Forum report includes a prediction that the EMV implementation is projected to lead to an increase of CNP fraud in the U.S. from $3.1 billion in 2015 to $6.4 billion in 2018.6 ----------------------------------- Our solution has 2 parts,First is the technical part, we will build a centralize gateway, which citizen can access on bank premise. These gateway act a broker to authenticate in each nationality ID system. ----------------------------------- The second part of the solution is the partnership strategy. One problem that normal citizen cannot verify with their national ID before is because each national ID system have different security mechanism. India have fingerprint, Thailand have smart card, Singapore have password. > Government responsibility is to maintain the validity of the system > Bank provide secure infrastructure need such as Internet, Biometric Reader, Smart card reader > Citizen and Business benefit from secure validation. In turn, bank will get access to validation reason which can be use for KYC analysis. > Government spend less money, increase adoption rate, and ensure that identity data is updated. -----------------------------------