Certified Credit’s Post

Two out of three consumers feel that tech companies have too much control over their data.* With concerns about data privacy growing, consumer permission VOE empowers individuals to choose what information they share, ensuring privacy and building trust. When you include consumer permission VOE in your lending process, you put control back into your borrowers’ hands and reassure them you care about their data privacy. But the benefits go beyond just that! Read about all 6 advantages of integrating consumer permission VOE into your process: https://okt.to/neZ140 #ConsumerPermissionVOE #CascadeVOE #MortgageLending #MortgageTechnology *Source: https://okt.to/4kwqY5

Two out of three consumers feel that tech companies have too much control over their data.* With concerns about data privacy growing, consumer permission VOE empowers individuals to choose what information they share, ensuring privacy and building trust. When you include consumer permission VOE in your lending process, you put control back into your borrowers’ hands and reassure them you care about their data privacy. But the benefits go beyond just that! Read about all 6 advantages of integrating consumer permission VOE into your process: https://okt.to/Uke2xn #ConsumerPermissionVOE #CascadeVOE #MortgageLending #MortgageTechnology *Source: https://okt.to/p7s6nU

The concept that needs to be proven here is a genuine whole of economy solution: 1. the ability to choose multiple digital ID providers, government (e.g. mygovID) or non-government (e.g. ConnectID, Auspost, Mastercard), because surveys show most people want more than one 2. the ability to choose your digital wallet provider, device native (eg. Google, Apple) or app based (eg. Service NSW, mygov) 3. the ability to add/manage attributes and credentials from a range of data providers, from both public and private sector organisations (eg. cth, state, education, banks etc) 4. the ability to present, share and verify attributes in real-time for a variety of everyday use cases (e.g. proof of age, income/assets, residence etc) 5. the ability for an exchange to support this interoperability, securely and with consent Moreover: * The whole scheme needs oversight and direction from a joint public-private sector governing body. * The standards should be accepted industry standards, such as W3C for verifiable credentials and open source. * The funding, pricing and revenue model needs to be developed (ie. fees for data providers, relying parties, IDPs etc) The Trust Exchange (TEx) is another good step forward on this journey, but more public and private sector collaboration for an integrated and interoperable solution is essential if it is going to meet the needs of all Australians. Tom Burton Victor Dominello Stephen Wilson Andrew Black Kate Crous Maria MacNamara David Thodey David Hazlehurst Jonathon Thorpe Kevin L. Wendy Mackay Jordan Hatch Victoria Richardson

Joe Hockey did it first, nearly 20 years ago (18 actually). See pic in comments.. Every 20 years or so, the #DigitalID genie captures politicians for a digital announceable and happy pic holding cards. But the lessons from #AccessCard have not been investigated. These are not technology lessons. Voluntary? Well, just wait until the first government makes the use of TEx a condition of licensing - so still technically “voluntary” for the citizen until the citizen seeks to access that venue, business or service.. And the vested interest rent seekers line up for the “clipping the ticket” rivers of digital gold. Same same for #AccessCard. As far as the reference to “non-existent” data flows. Well that was also the spin during #AccessCard: there are always data flows and flaws. It’s concerning that such spin goes unchallenged. What is not mentioned in this spin piece, is the recent Ombudsman Own Motion investigation into Services Australia response to #MyGov fraud, which found serious security flaws in the MyGov platform ecosystem arrangements. Whilst I am very happy living, working and creating in the Apple connected ecosystem, the difference is that government is not Apple, or Amazon, or Facebook, or a pizza shop. And Australia is not a tiny European country like Denmark or Estonia. #Context and #Culture matter. #Trust matters. #Delivery matters. Everything else is just hype. Until the next card carrying photo op.

Big Tech and other digital wallet and payment applications providers – financial service regulators may be coming! Read what the Consumer Financial Protection Bureau proposes and what it might mean in the latest #KPMGRegulatoryAlert. https://lnkd.in/etPxQAbg #Regulatory #DigitalPayments

Unveiling the Secret of Digital Identity Verification: Practical Guide to e-KYC in Financial Apps Curious about the secret behind digital identity verification? Discover a practical guide for e-KYC in financial apps on Beeza! Start securing your identity today. 🔒💳 Learn more at https://lnkd.in/eXy5nvgD #DigitalSecurity #Fintech #SecureTransactions

Ready or not, the CFPB is coming for Big Tech! Check out my latest on Law360 about the challenges and opportunities posed by the CFPB's notice of proposed rulemaking on larger participants in the digital payments market. https://lnkd.in/gybQu7Aw

Regarding privacy, what are your thoughts? We treat it with great seriousness. We protect the confidentiality of consumer data and provide them control over it because of this. #ReceiptBranch #ElectronicReceipts #PaperlessShopping #B2BApp #TransformYourExperience #SayNoToPaperClutter #SustainableShopping #TechRevolution #DigitalReceipts #BusinessInnovation #UK #UnitedKingdom #England #London #UKBusiness #DigitalReceipt #UKRetailers #CustomerExperience #BusinessAnalytics #digitalreceipts #fintech #retailtech #retaildesign #posintegration #customerexperience #digitalreceipt

Our cross-border team recorded this discussion, looking at some of the most interesting developments in the payments space in Asia and the West. The session focuses on super apps, open finance, and financial crime. #superapps #openfinance #financialcrime

FIS is driving secure #OpenBanking with its Open Access platform. Akoya, Envestnet | Yodlee, MX and Plaid are now integrated into the platform, enabling consumers to securely and seamlessly share their #financial information with a greater number of third-party financial apps and services. Read on to learn more: http://spr.ly/6044Vk3qK #financialinstitutions #consumers #securebanking