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Rabu, 13 November 2019

Digital IDs can slash costs up to 70% and unlock new revenue streams for banks

Business Insider Intelligence

How digital identity can slash the costs of onboarding and regulatory compliance by up to 70% for banks and open a window into previously untapped revenue opportunities

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In the Digital Identity and the Future of Banking report, Business Insider Intelligence defines digital ID and discusses the technologies used to deliver the solution, and lays out the case for why banks have a compelling reason — and are best suited — to take the lead on digital identity. This report will illustrate how these players can go about developing scalable and effective digital ID solutions to solve genuine pain points in their own business and take advantage of the opportunities that digital identity infrastructures open up.

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In full, this exclusive report:

  • Details the key challenges with existing identity verification solutions
  • Identifies how digital IDs can help eliminate existing identity verification pain points
  • Explores how digital IDs can unlock new revenue streams for banks
  • Canvases a number of successful digital ID efforts undertaken by banks, and provides an example of a failed project to highlight the role banks can play in solving the vexing identity verification challenge
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