Complying with Know Your Customer and Anti Money Laundering regulations is hugely complicated and expensive for financial institutions, and burdensome for their customers. Nate Soffio, Co-Founder and CEO of Portabl, believes that the solution lies in secure, interoperable data - enabled by verifiable credentials. In this webinar, he explains why it is such a thorny problem, how open banking needs to evolve to more of a “tap to prove” model as organizations increasingly need continuous identity assurance, and why despite describing the task as “playing SSI on ‘hard mode’”, he believes building a “compound startup” is the best way to get the job done.
Travel fraud kyc as fraud tool masha cilliers 210217Masha Cilliers
Leveraging KYC and Authentication technology for fighting fraud - fraud management techniques for retailers, airlines, online travel agents, hotels and other merchants. Looking at the tools and how they can fit with fraud management strategy.
The article explores possibilities of using the blockchain as a replacement for a KYC Registry , as a Digital Signature / Digital Identity solution and for UBO (ultimate beneficial owner ) tracking.
Presented on the main stage at CVC2019 in Zug, Switzerland. Discusses the shifts in how digital identity, particularly CULedger's self-sovereign identity solution MyCUID is being used to return to a normal approach for relationships. Discusses future application in payments as well.
Self-sovereign identity (SSI) is a new identity model that gives the user control and ownership over her data.
To dive into what this means and the benefits it offers, Evernym's Andy Tobin gave a webinar on October 17, 2019 introducing the topic of self-sovereign identity and its role in transforming customer experiences and unlocking competitive advantage.
Decentralized ledger technology applications have shown great promise in recent years for several areas, particularly financial services. Decentralized finance has been recognized as one of the most recent applications of blockchain technology in the field of finance. Financing Inclusion (DeFi) has fundamentally rewritten the rules for financial inclusion and paved the way for new financial service ecosystems. DeFi training is on the rise with many enrolling in DeFi certification courses to get started with.
3 steps to effective Know Your Customer.pptxFinBraine1
KYC- Know Your Customer is basically having complete knowledge about customers.
I don't think KYC is a needful of any description. The importance it has achieved in the last few years is tremendous. It is a process of assessing the customer with all the legal requirements to comply with AML Laws, therefore, increasing the transparency in the process and letting the customers enjoy the seamless process at the same time.
Travel fraud kyc as fraud tool masha cilliers 210217Masha Cilliers
Leveraging KYC and Authentication technology for fighting fraud - fraud management techniques for retailers, airlines, online travel agents, hotels and other merchants. Looking at the tools and how they can fit with fraud management strategy.
The article explores possibilities of using the blockchain as a replacement for a KYC Registry , as a Digital Signature / Digital Identity solution and for UBO (ultimate beneficial owner ) tracking.
Presented on the main stage at CVC2019 in Zug, Switzerland. Discusses the shifts in how digital identity, particularly CULedger's self-sovereign identity solution MyCUID is being used to return to a normal approach for relationships. Discusses future application in payments as well.
Self-sovereign identity (SSI) is a new identity model that gives the user control and ownership over her data.
To dive into what this means and the benefits it offers, Evernym's Andy Tobin gave a webinar on October 17, 2019 introducing the topic of self-sovereign identity and its role in transforming customer experiences and unlocking competitive advantage.
Decentralized ledger technology applications have shown great promise in recent years for several areas, particularly financial services. Decentralized finance has been recognized as one of the most recent applications of blockchain technology in the field of finance. Financing Inclusion (DeFi) has fundamentally rewritten the rules for financial inclusion and paved the way for new financial service ecosystems. DeFi training is on the rise with many enrolling in DeFi certification courses to get started with.
3 steps to effective Know Your Customer.pptxFinBraine1
KYC- Know Your Customer is basically having complete knowledge about customers.
I don't think KYC is a needful of any description. The importance it has achieved in the last few years is tremendous. It is a process of assessing the customer with all the legal requirements to comply with AML Laws, therefore, increasing the transparency in the process and letting the customers enjoy the seamless process at the same time.
Protecting Your Crypto Assets with a KYC Account AdvantageAny kyc Account
Invest in crypto asset protection with the unmatched benefit of KYC accounts. Find out how KYC verification safeguards your investments and creates a strong defense against online risks.
KYC or “Know Your Customer” procedures are used by banks and other financial institutions to obtain information about the identity and address of the customers.
Check out the full details
https://bit.ly/2S5JnGj
The Essence of Online ID Verification for Enhanced User Authentication.pdfIDMERIT IDMERIT
The significance of a robust identity verification process cannot be overstated while businesses are struggling to deal with online frauds & thefts. The online transactions are growing continuously, ensuring safe and trusted user authentication becomes a mandatory concern for businesses and service providers. One key solution that takes center stage in this endeavor is online ID verification.
https://www.idmerit.com/blog/the-essence-of-online-id-verification-for-enhanced-user-authentication/
Our team of expert volunteers have compiled an overview of the top KYC (Know Your Customer) and AML (Anti-Money Laundering) providers that cater to startups and small businesses. These providers offer robust solutions to help businesses comply with regulatory requirements, mitigate risk, and safeguard against financial crimes. Our overview includes the top providers based on their industry reputation, features, customer support, and affordability, making it easier for startups and small businesses to choose the right KYC AML solution to fit their needs.
Visit the following link for more information:
https://comparison.kycamlguide.com/
https://kycamlguide.com/
Can You Find Pros and Cons of Kyc Accounts Online?Any kyc Account
Despite the advantages and difficulties of digitalization, companies now need to enact strong security measures such as Know Your Customer (KYC) protocols to guard against fraud and illegal activity.
Why KYC Verification Is the Cornerstone of Trust.docxrpacpc
In the digital age, where trust is a scarce yet invaluable commodity, KYC verification emerges as the beacon guiding businesses and users through the complexities of online interactions.
The financing of the international trade of goods — and the underwriting thereof — implicate a many-staged process of manufacture, storage, movement, delivery, inspection, and vending. The parties involved are many. The documentation of rights and responsibilities used to fill a small library of paper, and now involves paper, electronic communication, and some digital information transfer. Many points of delay and potential contention persist. Can blockchain clean this up? What other technological developments are reshaping trade finance?
Part of the webinar series: Blockchain Basics 2022
See more at https://www.financialpoise.com/webinars/
Boosting Your Business with KYC Analysis Software | ScoreMe SolutionsScoreme Solutions
Businesses now have access to (Know-your-customer) KYC analysis software as a result of increased digitalization, rendering physical processes outdated. A growing number of businesses, including financial and cryptocurrency exchanges, require KYC software to streamline 'Know Your Customer' checks and legal processes. Learn more: https://www.scoreme.in/kyc-analysis-software
Cross-border payment innovation for the caribbeanGermaine4IBIS
IBIS Management Associates, a Dutch-Caribbean based company, and Ripple are working together to provide Caribbean banks with cross-border payment solution. IBIS Management has always strived to bring operational excellence to the Financial sector, so leading the path in cross-border payment innovation is at the top of the company's list.
Identity and Access Management Solutions for Financial InstitutionsAlireza Ghahrood
Key trusted identities solutions that provide a truly
secure and frictionless omni-channel experience
F I N D O U T M O R E >
Innovation that helps meet
compliance and enables
your digital business
Don’t let regulations and compliance
standards such as PSD2, PCI DSS, or
FFIEC hold you back. We reduce risk
and help you enable a secure digital
banking experience while addressing
Transaction verification and signing security compliance.
The increasing sophistication and frequency of fraudulent
attacks requires you to secure transactions with strong
authentication, without hindering the customer experience.
Our solutions will empower your customers to quickly and
easily verify transactions through mobile solutions such as
out-of-band mobile push notifications and mobile smart
credentials.
Advanced adaptive athentication
Consumers want a secure yet frictionless banking experience.
Adaptive authentication provides an innovative approach by
adding a transparent layer of security for your customers.
Assess a range of contextual attributes in real-time, and
provide deep security and identity insights during login.
This leads to fewer step-up challenges and help desk calls
and reduces the number of fraudulent transactions.
Device reputation
Ensure the integrity of your customer’s device before
they open an account, sign into their banking applications,
or conduct a transaction. Our device reputation solution
allows you to add a layer of security while reducing any
unnecessary customer involvement, providing a seamless
and transparent experience. By relying on multi-factor
authentication only when necessary, device reputation
allows your organization to balance usability and security.
Mobile innovations
Customers can now manage all of their banking needs
with the device they love most – their mobile device.
Mobile enables push notifications as well as transparent
authentication methods such as touch ID and facial
recognition
Short term possabilities for eKYC improvmentsRonny Khan
When exiting the first wave of Covid-19 it is crucial to leverage the options we have to digitalize what we can. This is really a case that makes huge sense in the normal sense and really, really should be executed on immediately.
Short term possabilities for eKYC improvmentsRonny Khan
When exiting the first wave of Covid-19 it is crucial to leverage the options we have to digitalize what we can. This is really a case that makes huge sense in the normal sense and really, really should be executed on immediately.
An increasing number of companies worldwide are using bitcoin and other digital assets for a host of investment, operational, and transactional purposes. As with any frontier, there are unknown dangers, but also strong incentives. Explore the kinds of questions and insights enterprises should consider as they determine whether and how to use digital assets.
An increasing number of companies worldwide are using bitcoin and other digital assets for a host of investment, operational, and transactional purposes. As with any frontier, there are unknown dangers, but also strong incentives. Explore the kinds of questions and insights enterprises should consider as they determine whether and how to use digital assets.
ZKorum: Building the Next Generation eAgora powered by SSISSIMeetup
The immense potential unlocked by SSI in content-centric social networks (forums) is largely unaddressed by the recent wave of decentralized social networks. Enter ZKorum - a network of verifiable communities where members create anonymous polls and discussions. In this episode, Nicolas Gimenez, the Co-Founder and CTO of ZKorum, unveils the Alpha version and delves into its architecture, drawing inspiration from SSI, DWeb, and Password Managers.
Anonymous credentials with range proofs, verifiable encryption, ZKSNARKs, Cir...SSIMeetup
Lovesh Harchandani from Dock presents their approach to anonymous credentials and dives in on the various predicates that can be proven in zero knowledge. In over 90 minutes of discussion, we cover what these cryptographic techniques are, how they enable several important use cases for digital identity credentials, and we stretch James Monaghan's ability to keep up as interviewer by taking a look at the source code which makes it all possible! We show how various zero knowledge primitives we've built can be used in a modular fashion to solve real-world use cases. We cover privacy-preserving signature schemes, zero knowledge attribute equalities, range proofs, and verifiable encryption based on ZK-SNARKs, expressing arbitrary predicates as Circom programs and creating ZK proofs for them and blinded credentials (issuer is unaware of all attributes). For anyone interested in the technical underpinnings of this new frontier of digital identity, this episode is a must!
More Related Content
Similar to Portabl - The state of open banking, regulations, and the intersection of SSI and KYC
Protecting Your Crypto Assets with a KYC Account AdvantageAny kyc Account
Invest in crypto asset protection with the unmatched benefit of KYC accounts. Find out how KYC verification safeguards your investments and creates a strong defense against online risks.
KYC or “Know Your Customer” procedures are used by banks and other financial institutions to obtain information about the identity and address of the customers.
Check out the full details
https://bit.ly/2S5JnGj
The Essence of Online ID Verification for Enhanced User Authentication.pdfIDMERIT IDMERIT
The significance of a robust identity verification process cannot be overstated while businesses are struggling to deal with online frauds & thefts. The online transactions are growing continuously, ensuring safe and trusted user authentication becomes a mandatory concern for businesses and service providers. One key solution that takes center stage in this endeavor is online ID verification.
https://www.idmerit.com/blog/the-essence-of-online-id-verification-for-enhanced-user-authentication/
Our team of expert volunteers have compiled an overview of the top KYC (Know Your Customer) and AML (Anti-Money Laundering) providers that cater to startups and small businesses. These providers offer robust solutions to help businesses comply with regulatory requirements, mitigate risk, and safeguard against financial crimes. Our overview includes the top providers based on their industry reputation, features, customer support, and affordability, making it easier for startups and small businesses to choose the right KYC AML solution to fit their needs.
Visit the following link for more information:
https://comparison.kycamlguide.com/
https://kycamlguide.com/
Can You Find Pros and Cons of Kyc Accounts Online?Any kyc Account
Despite the advantages and difficulties of digitalization, companies now need to enact strong security measures such as Know Your Customer (KYC) protocols to guard against fraud and illegal activity.
Why KYC Verification Is the Cornerstone of Trust.docxrpacpc
In the digital age, where trust is a scarce yet invaluable commodity, KYC verification emerges as the beacon guiding businesses and users through the complexities of online interactions.
The financing of the international trade of goods — and the underwriting thereof — implicate a many-staged process of manufacture, storage, movement, delivery, inspection, and vending. The parties involved are many. The documentation of rights and responsibilities used to fill a small library of paper, and now involves paper, electronic communication, and some digital information transfer. Many points of delay and potential contention persist. Can blockchain clean this up? What other technological developments are reshaping trade finance?
Part of the webinar series: Blockchain Basics 2022
See more at https://www.financialpoise.com/webinars/
Boosting Your Business with KYC Analysis Software | ScoreMe SolutionsScoreme Solutions
Businesses now have access to (Know-your-customer) KYC analysis software as a result of increased digitalization, rendering physical processes outdated. A growing number of businesses, including financial and cryptocurrency exchanges, require KYC software to streamline 'Know Your Customer' checks and legal processes. Learn more: https://www.scoreme.in/kyc-analysis-software
Cross-border payment innovation for the caribbeanGermaine4IBIS
IBIS Management Associates, a Dutch-Caribbean based company, and Ripple are working together to provide Caribbean banks with cross-border payment solution. IBIS Management has always strived to bring operational excellence to the Financial sector, so leading the path in cross-border payment innovation is at the top of the company's list.
Identity and Access Management Solutions for Financial InstitutionsAlireza Ghahrood
Key trusted identities solutions that provide a truly
secure and frictionless omni-channel experience
F I N D O U T M O R E >
Innovation that helps meet
compliance and enables
your digital business
Don’t let regulations and compliance
standards such as PSD2, PCI DSS, or
FFIEC hold you back. We reduce risk
and help you enable a secure digital
banking experience while addressing
Transaction verification and signing security compliance.
The increasing sophistication and frequency of fraudulent
attacks requires you to secure transactions with strong
authentication, without hindering the customer experience.
Our solutions will empower your customers to quickly and
easily verify transactions through mobile solutions such as
out-of-band mobile push notifications and mobile smart
credentials.
Advanced adaptive athentication
Consumers want a secure yet frictionless banking experience.
Adaptive authentication provides an innovative approach by
adding a transparent layer of security for your customers.
Assess a range of contextual attributes in real-time, and
provide deep security and identity insights during login.
This leads to fewer step-up challenges and help desk calls
and reduces the number of fraudulent transactions.
Device reputation
Ensure the integrity of your customer’s device before
they open an account, sign into their banking applications,
or conduct a transaction. Our device reputation solution
allows you to add a layer of security while reducing any
unnecessary customer involvement, providing a seamless
and transparent experience. By relying on multi-factor
authentication only when necessary, device reputation
allows your organization to balance usability and security.
Mobile innovations
Customers can now manage all of their banking needs
with the device they love most – their mobile device.
Mobile enables push notifications as well as transparent
authentication methods such as touch ID and facial
recognition
Short term possabilities for eKYC improvmentsRonny Khan
When exiting the first wave of Covid-19 it is crucial to leverage the options we have to digitalize what we can. This is really a case that makes huge sense in the normal sense and really, really should be executed on immediately.
Short term possabilities for eKYC improvmentsRonny Khan
When exiting the first wave of Covid-19 it is crucial to leverage the options we have to digitalize what we can. This is really a case that makes huge sense in the normal sense and really, really should be executed on immediately.
An increasing number of companies worldwide are using bitcoin and other digital assets for a host of investment, operational, and transactional purposes. As with any frontier, there are unknown dangers, but also strong incentives. Explore the kinds of questions and insights enterprises should consider as they determine whether and how to use digital assets.
An increasing number of companies worldwide are using bitcoin and other digital assets for a host of investment, operational, and transactional purposes. As with any frontier, there are unknown dangers, but also strong incentives. Explore the kinds of questions and insights enterprises should consider as they determine whether and how to use digital assets.
ZKorum: Building the Next Generation eAgora powered by SSISSIMeetup
The immense potential unlocked by SSI in content-centric social networks (forums) is largely unaddressed by the recent wave of decentralized social networks. Enter ZKorum - a network of verifiable communities where members create anonymous polls and discussions. In this episode, Nicolas Gimenez, the Co-Founder and CTO of ZKorum, unveils the Alpha version and delves into its architecture, drawing inspiration from SSI, DWeb, and Password Managers.
Anonymous credentials with range proofs, verifiable encryption, ZKSNARKs, Cir...SSIMeetup
Lovesh Harchandani from Dock presents their approach to anonymous credentials and dives in on the various predicates that can be proven in zero knowledge. In over 90 minutes of discussion, we cover what these cryptographic techniques are, how they enable several important use cases for digital identity credentials, and we stretch James Monaghan's ability to keep up as interviewer by taking a look at the source code which makes it all possible! We show how various zero knowledge primitives we've built can be used in a modular fashion to solve real-world use cases. We cover privacy-preserving signature schemes, zero knowledge attribute equalities, range proofs, and verifiable encryption based on ZK-SNARKs, expressing arbitrary predicates as Circom programs and creating ZK proofs for them and blinded credentials (issuer is unaware of all attributes). For anyone interested in the technical underpinnings of this new frontier of digital identity, this episode is a must!
Value proposition of SSI tech providers - Self-Sovereign IdentitySSIMeetup
Talk with Vladimir Vujovic, Senior Digital Innovation Manager from SICPA about product definition and value proposition of Issuer/Holder/Verifier software of SSI tech providers. Why is it hard to convey the right message to the audience coming from outside of SSI domain. How different SSI tech providers define their offering and the language they use to convey the message. What is really the value proposition of SSI tech providers who are offering their Issuer/Verifier software to the market. How big regulation initiatives like the one in Europe for eIDAS v2 are driving the market and roadmaps for SSI tech providers and how will such initiative will have impact to the rest of the world in terms of regulation, but some of the underlying technical standards. What is the place of SSI platforms in the broader Identity landscape and when are we going to see more maturity from the market.
SSI Adoption: What will it take? Riley HughesSSIMeetup
Adoption: its the elephant in the room. SSI has so much potential, but the benefits are only realised once adoption happens at scale. In this webinar, Riley Hughes, CEO and Co-Founder of Trinsic, shares his 3 concrete recommendations for building products which are successful according to the most important metric - getting adopted!
Daniel Buchner is here to save the web. Not the web as we know it, full of closed platforms and intermediaries where both free choice and free speech are curtailed, but the web as it was intended to be: a thriving, open ecosystem of apps and protocols which put individuals at the center. To do this, he and the TBD team at Block are building what they call “Web5” which combines decentralized identifiers, verifiable credentials and personal datastores to create a platform for building truly self-sovereign apps on the web. In this webinar, we go beyond the controversial name to learn what the project is, why it is important, and what we can expect from the upcoming release this summer.
PharmaLedger: A Digital Trust Ecosystem for HealthcareSSIMeetup
Daniel Fritz, Executive Director of the PharmaLedger Association and Marco Cuomo, Director of Tech Products & Innovation at Novartis, will present their SSI journey from the initial ideas, through realization of several Proof of Concepts with DIDs and VCs, to the PharmaLedger initiative. PharmaLedger was a 29 member, 3-year, €22 million project under the EU and EFPIA Innovative Medicine Initiative pursued DIDs with external partners such as the global standards organization GS1 and the Global Legal Identifier Foundation (GLEIF). The project also resulted in the creation of the PharmaLedger Association in 2022, a non-profit Swiss association mandated to launch the first open-source product, electronic Product Information (eLeaflet). The webinar will review some of the use cases and dive a little into the technical architecture adopted in the project.
Cheqd: Making privacy-preserving digital credentials funSSIMeetup
Everyone is excited about SSI but there still aren’t any use cases that form part of people’s daily lives, so the team at Cheqd set out to change that. In this session, Ankur Banerjee walks through the research that led them to settle on social reputation in Web3 ecosystems as a use case that would be fun and drive daily usage. Find out more on creds.xyz.
Polygon ID offers tools that allow developers to build self-sovereign, decentralized and private identity solutions for users that leverage zero knowledge proofs. Polygon ID was released as open source last March 2023 at ETH Denver. In this presentation, Otto Mora, BD Lead for Americas, and Oleksander Brezhniev, Technical Lead at Polygon ID, will be covering aspects of the did:PolygonID method including: Verifiable presentations leveraging ZK Proofs; How the Proofs are generated; Credential Issuance Methods; and Identity Management Features.
Building SSI Products: A Guide for Product ManagersSSIMeetup
Self-sovereign identity, decentralised identity, web5… collectively “ID Tech” has become a much more mainstream topic in recent years, and we are seeing an increasing number of products being built using these new technologies. However, with all the hand-wringing about adoption that we hear in the industry, it can sometimes feel like a hammer looking for nails. Which specific and tangible benefits can ID Tech bring to its users, and what special considerations should a product manager have in mind when working in this space? James Monaghan has been a product leader for two decades and has worked on ID Tech projects in financial services, travel, healthcare, education and more. In this talk he will share his views on how to tell whether a customer problem might call for an ID Tech solution, and how to approach some of the product decisions which arise when applying these tools.
Solving compliance for crypto businesses using Decentralized Identity – Pelle...SSIMeetup
https://ssimeetup.org/solving-compliance-crypto-businesses-using-decentralized-identity-pelle-braendgaard-webinar-60/
A new global framework for regulating the crypto industry is coming into place this year. One of the most important new rules that businesses interacting with crypto has to implement is what is known as the Travel Rule. The Travel Rule, which is also known as The Wire Transfer rule, requires a business managing crypto on behalf of their user to transfer KYC’d (Know-Your-Customer) Identity Information to a receiving institution. Pelle Braendgaard, CEO of Notabene, will share his insights and explain how his company is tackling this business challenge for the industry.
Complying with this rule provides many challenges for the industry. Several industry groups have already started to invent several new protocols to solve this. Notabene helps financial companies be compliant with new, global anti-money laundering (AML) regulations for crypto transactions coming into effect right now. Pelle believes this is a critical use case for SSI (Self-Sovereign Identity). In this talk, he will go over the rule itself, industry protocols, how he sees SSI can help here, and how they are helping to solve it.
The Pan-Canadian Trust Framework (PCTF) for SSISSIMeetup
https://ssimeetup.org/pan-canadian-trust-framework-pctf-ssi-tim-bouma-webinar-59/
We are very proud to release a special webinar to introduce the next chapter of the “Self-Sovereign Identity Book” from two of the most eminent authorities on digital identity in government: Tim Bouma and Dave Roberts, senior public servants with the Government of Canada and major contributors to the Pan-Canadian Trust Framework (PCTF).
In this chapter, Tim and Dave explain the PCTF model and how it maps to the SSI model and the Trust over IP (ToIP) stack.
This webinar describes how a world leader in digital identity (which Canada has been for two decades) sees the opportunity in the new decentralized identity model represented by SSI (Self-Sovereign Identity).
Identity-centric interoperability with the Ceramic ProtocolSSIMeetup
https://ssimeetup.org/identity-centric-interoperability-ceramic-protocol-joel-thorstensson-webinar-57/
Ceramic is a new permissionless protocol for creating and accessing unstoppable documents that serve as the foundation for a connected, interoperable web without silos. Joel Thorstensson is the founder and CTO of 3Box and the primary author of the ceramic protocol as well as several Ethereum standards for identity and will provide a conceptual and technical intro to Ceramic.
At the root of many of the internet’s problems is that apps and services today are built primarily in silos. This includes identity registries and credentials, user data and access permissions, infrastructure, and services. It not only puts control over data and identities in the wrong hands, but it’s a fundamentally outdated and inefficient model for building digital products.
Ceramic unlocks information interoperability between all platforms and services across the web, allowing participants to create and resolve documents for any type of information without any centralized service. Ceramic uses DIDs (Decentralized Identifiers), IPLD (InterPlanetary Linked Data), signed messages, and blockchain anchoring to create a trusted and shared graph of verifiable documents. While flexible, these documents are especially well-suited for self-sovereign identity systems, user-centric data ecosystems, and open web services.
https://ssimeetup.org/ssi-ecosystem-south-korea-jaehoon-shim-webinar-56/
Jaehoon Shim, a blockchain researcher at LG CNS and the founder of SSIMeetup Korea, will introduce the Self-Sovereign Identity (SSI) ecosystem of South Korea. South Korea became a hotbed of Self Sovereign Identity in the last couple of years. The number of government-funded projects, including the mobile credential for government officials, requires using DIDs (Decentralized Identifiers). Also, hundreds of enterprises joined public/private consortia on decentralized identity to empower the digital transformation of the South Korean society. Jaehoon will explain in detail the current ecosystem and discuss opportunities for the future.
Introducing the SSI eIDAS Legal Report – Ignacio AlamilloSSIMeetup
https://ssimeetup.org/introducing-ssi-eidas-legal-report-ignacio-alamillo-webinar-55/
The European Commission developed the SSI (Self-Sovereign Identity) eIDAS bridge, an ISA2 funded initiative, to promote eIDAS as a trust framework for the SSI ecosystem. It assists a VC (Verifiable Credential) issuer in the signing process, and helps the verifier to automate the identification of the organization behind the issuer’s DID (Decentralized Identifier). Simply by “crossing” the eIDAS Bridge, a Verifiable Credential can be proven trustworthy in the EU. Ignacio Alamillo will present at this SSI Meetup webinar the insights gained from this report.
In the context of the eIDAS bridge project, we performed an analysis on how eIDAS can legally support digital identity and trustworthy DLT-based transactions in the Digital Single Market, and this is reflected in the SSI eIDAS legal report, available at this link. The objective of this report is to evaluate the potential legal issues that are important to an SSI solution and make some recommendations to be used as policy input for the eIDAS 2020 review. The report outlines short-term objectives, where changes in the Regulation would not be necessary, but also mid to long-term scenarios requiring major changes in the Regulation to comply with the SSI design principles.
The different scenarios described in the report are aligned with the proposed architectural and procedural considerations designed in the SSI eIDAS Bridge project and the European Self Sovereign Identity Framework.
Learn about the Trust Over IP (ToIP) stackSSIMeetup
https://ssimeetup.org/trust-over-ip-toip-stack-webinar-54/
At SSI Meetup you’ve been hearing about the Trust over IP (ToIP) stack (originally called the “SSI stack”) since last September 2019. In this webinar, three pioneers of this new architecture for Internet-scaled digital trust infrastructure will share exciting news about where ToIP is going. We can’t reveal the details yet—it is under embargo until next Tuesday—but let’s just say you don’t want to miss it.
How to avoid another identity nightmare with SSI? Christopher AllenSSIMeetup
https://ssimeetup.org/how-avoid-another-identity-tragedy-with-ssi-christopher-allen-webinar-53/
Join the Dutch Self-Sovereign Identity community in a #Foremembrance for those who died by attempting to bomb the civil archives captured by the Nazis & those defending the vulnerable today. Christopher Allen will share with us the importance of this event for the self-sovereign identity community to build the future of identity on sunset Amsterdam time March 27th. We will also analyze the impact and risk of COVID-19 for privacy and identity systems.
March 27th is a Friday this year. Sunset in Amsterdam is at 19:06 CET, 2:06 pm EDT, 11:06 am PDT & is 1:06 am March 28 in Taipei & Hong Kong.
Self-Sovereign Identity: Ideology and Architecture with Christopher AllenSSIMeetup
https://ssimeetup.org/self-sovereign-identity-why-we-here-christopher-allen-webinar-51/
Internet cryptography and Self-sovereign identity (SSI) pioneer Christopher Allen talks about essential insights and reflections around historical, technological and ethical aspects of Self-Sovereign Identity at the 51st SSIMeetup.org webinar in collaboration with Rebooting the Web of Trust (RWOT) and Alianza Blockchain Iberoamérica as part of the events that took place at RWOT in Buenos Aires (Argentina).
Christopher is an entrepreneur and technologist who specializes in collaboration, security, and trust. As a pioneer in internet cryptography, he’s initiated cross-industry collaborations and co-created industry standards that influence the entire internet. Christopher’s focus on internet trust began as the founder of Consensus Development where he co-authored the IETF TLS internet-draft that is now at the heart of all secure commerce on the World Wide Web. Christopher is co-chair of the W3C Credentials CG working on standards for decentralized identity. Christopher has also been a digital civil liberties and human-rights privacy advisor, was part of the team that led the first UN summit on Digital Identity & Human Rights, and was the producer of a half-dozen iPhone and iPad games, and of Infinite PDF, a non-linear media app.
eIDAS regulation: anchoring trust in Self-Sovereign Identity systemsSSIMeetup
https://ssimeetup.org/eidas-regulation-anchoring-trust-self-sovereign-identity-systems-ignacio-alamillo-webinar-49/
Ignacio Alamillo is a lawyer, PhD in eIDAS Regulation, CISA, CISM, and EU Commission legal expert for EBSI eSSIF and the EBSI eIDAS Bridge initiatives. Ignacio will introduce SSI solutions, using the Alastria ID reference model as an illustrative example, taking into account the need for trust management frameworks, and trust anchors. Secondly, he will introduce the eIDAS Regulation, currently the major electronic identification regulation in the European Union, supporting a pan-European identity federation system, and the legal framework for the so-called trust services.
The EU has developed some key proposals arising from the legal assessment of the EBSI ESSIF use case, oriented to extend the eIDAS Regulation to SSI solutions used with public sector bodies relationships and procedures. This results were publicly presented in the 2nd ESSIF Stakeholders Meeting that took place in Brussels mid-January 2020.
The objective of the ESSIF legal assessment is to evaluate the potential legal issues that are horizontal to an SSI solution, including:
DIDs: What is the legal nature and ownership of DIDs (asset vs a special kind of pseudonym), how should be DIDs managed in case of minors and incapable persons, if DID may be subject to seizure, when DIDs may be deactivated, what is the legal regime of keys and wallets, etc.
VCs: What are the duties and responsibilities of VCs issuers, holders and verifiers. How to model the contractual/non-contractual relations between issuers & verifiers, and set up liability models. We should pay special attention to the legal aspects of the VC lifecycle (issuance, suspension and revocation causes, etc).
Alignment of the SSI solution with the eIDAS Regulation: aligning VCs with eIDAS eID rules, but also linking VCs to eSeals or eSignatures.
Trust framework: legal input regarding LoAs, governance aspects, conformity, etc.
The use cases include:
Using eIDAS identification means (and qualified certificates?) to issue verifiable credentials.
Using qualified certificates to support verifiable claims (EBSI eIDAS bridge) and legal evidences with full legal value.
Using SSI VCs as an eIDAS identification means.
Using blockchain plus SSI as an electronic registered delivery service.
All content represent just the opinion of Ignacio Alamillo, and do not represent any official position from the EU Commission nor any of its officers
Explaining SSI to C-suite executives, and anyone else for that matterSSIMeetup
https://ssimeetup.org/explaining-ssi-c-suite-executives-anyone-else-john-phillips-webinar-48/
John Phillips from 460degrees in Australia has been exploring with his team for more than two years for a way to describe Self-Sovereign Identity (SSI) that was easy to understand. We think he has found a good method to make SSI easy to understand for any C-suite executive and business people that goes beyond the technology.
John published a video in late 2019 that we found deeply insightful and we have invited him to share this with the SSI Meetup audience. This demo has been going down amazingly well with audiences from c-suite technology execs to design students.
This approach quite literally animates the discussion. People add other objects into the mix, move things around, ask relevant, insightful, questions.
John will share the learnings he is gaining from University research, as well as the results of work in supporting capstone projects for higher education students, and how this has led us to a storytelling model to explain SSI.
Decentralized Identifier (DIDs) fundamentals deep diveSSIMeetup
https://ssimeetup.org/decentralized-identifiers-dids-fundamentals-identitybook-info-drummond-reed-markus-sabadello-webinar-46/
Decentralized identifiers (abbreviated as “DIDs”), are the cryptographic counterpart to verifiable credentials (VCs) that together are the “twin pillars” of SSI architecture. In this special IdentityBook.info webinar Markus Sabadello, Founder and CEO of Danube Tech, and Drummond Reed, Chief Trust Officer at Evernym, co-authors of the DID chapter of the “Self-Sovereign Identity:
Decentralized Digital Identity and Verifiable Credentials” book published by Manning will explain all the fundamentals of DIDs. Based on the did chapter of the book, you will learn how DIDs evolved from the work started with VCs, how they are related to URLs and URNs, why a new type of cryptographically-verifiable identifier is needed for SSI, and how DIDs are being standardized at World Wide Web Consortium (W3C). Your guides will be two of the editors of the W3C Decentralized Identifier 1.0 specification: Markus Sabadello and Drummond Reed.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
The European Unemployment Puzzle: implications from population aging
Portabl - The state of open banking, regulations, and the intersection of SSI and KYC
1.
2.
3. The state of open banking,
regulations, and the
intersection of SSI and
KYC.
4. Open banking's identity problem
From screen scraping, to APIs, to tokenized access — an unfulfilled quest for secure interoperability
Agenda
Acronym bingo: KYC/AML meets SSI, VCs, and DIDs
Portabl: applied SSI for open banking & payments
It's not just about KYC and onboarding — toward uniform, user-first lifecycle standards
"Tap to Prove"/"Tap to issue": Semi-Sovereign Identity & compliance
Putting Portabl in context of the fraud and AML landscape, and how we're building trusted networks
Treating Financial ID as a "compound startup"
What's on our radar, and how businesses and developers get started
About Portabl
What are we building & what gets us out of bed in the morning
5. Mission
Simplify financial access & trust by powering reusable
identities & verifiable identity networks.
Vision
Universal financial identity for all.
Say hello to Portabl
Sharable identity at the speed of payments
6. We collapse KYC, authentication,
aggregation, and ID management into a
vertical set of identity APIs and web tools.
Users control reusable identity, account,
and payment credentials and share them
as needed across accounts—this
supports reputation building and trust that
travels.
What are we doing?
Open banking identity that's
real-time, user-controlled,
composable, and reusable
on-demand from account
opening to account close.
7. 2. Credential configuration
Configure APIs and widgets and
manage users in a single console
• Workspace/ Console
Home
4. Dashboard
5. User Management & recordkeeping
Developer Tooling
3. Drop in data sync widget
8. 1. Open banking's identity problem
The evolution of interop & permissions
Identity is complicated — it's no one agency's or business unit's job
• KYC vs CIP vs EDD
• CFPB, SAFE banking, OCC, FinCEN, etc.
Defining & conveying data has taken many forms
• Screen scraping
• APIs
• Token based access
• Lookup services
• ______?
Whether we like to admit it or not, open banking already relies on trusting "someone else's" data
• Aggregators
• Consortia
• Standards bodies (OFDSS, FDX)
9. 2. Applied SSI for Open Banking
Building the best of provider-verified data with user-first form factors
Bank verified data will always be needed, but
we should expect the scope to keep expanding
• Lots of economic activity outside happens outside of a
checking account
• "Data exhaust"
• We've learned how to tap into some of this for things
like credit underwriting
There's a long way to go
• New types of data for financial access and mobility
• New way to establish and maintain trust
Verifiable Credentials are a form factor that can do a
LOT of heavy lifting
• Standardize the interop of identity, suitability, and (some) account
attributes...not to mention anti-fraud signals
• Onboarding and origination
⚬ Treat new users like known ones
⚬ Avoid form fill and attrition
⚬ Add privacy preservation through flexible ways to prove things
• Offload PII risk
⚬ Record retention vs record access
⚬ Known & trusted bindings without 'oversharing'
• Lifecycle maintenance
⚬ Reconfirmations & refresh
Despite progress — open questions remain about privacy, ownership, security, and mobility. Treating SSI
methods as open banking data primitives begins to connect the dots.
10. 3. Open Banking Revisited
SSI x Open Banking = Semi Sovereign Identity
Road ahead: a balancing act between smarter, more frequent "checks" and "trust that travels" with the user
• institutions and service providers need to be empowered to become certificate authorities for consumers — extend the bank-verified
model to be X-verified.
• Consumers need to be brought to the table in ways that go far beyond allowing Plaid to log into your bank and hold that connection
• Issuer-holder-verifier model probably has at least 4 nodes, not three, to support a 'tap to prove' future
• Issuer, Holder, Verifier, Broadcaster, Registry Keeper
VCs and DIDs are useful for both point-in-time trust as well as longitudinal trust, so they also have a huge
role in reshaping what some call continuous identity, FKA refresh/ ongoing monitoring.
• This is grounds for frustration and anger for many self-sovereign maxis
• Hot take: true self sovereignty is incompatible with the regulated financial system—attributes are checked & consumed
more than ever
⚬ Financial system = set of social and legal contracts
⚬ example: GDPR makes for the same allowances for anti financial crime.
⚬ example: AML regs 314(a) and 314(b)
⚬ RTP needs RTI(dentity)
11. Financial ID touches the entire lifecycle — any solution must necessarily be a
'Compound Startup'
Auth
KYC
CIP
Refresh
Step-Up
Personalization
Loyalty
& Affiliates
4. On "Compound Startups"
'Moving open banking to the 'Tap to Prove' age means providing
a toolkit that makes business sense for the whole lifecycle
• Combine point solutions to solves for an “over-tooled” problem space.
• Have a common UX with shared components
• Have a foundational data layer
• Reduce complexity and costs for their customers
• Solve a coordination problem across systems (or agents)
P2P
T2P can be used contextually to overhaul different lifecycle events
• verify more, faster, and for less
• protect users and verify transactions
• unlock personalization and affiliate experiences
• reduce compliance burden by effectively subscribing to wallets