Universal Digital Identity: is SSI the Answer?

Universal Digital Identity: is SSI the Answer?

Can you imagine one day waking up to a fully digitalized world? It may be unimaginable but not that objectionable.

On the other hand, can you imagine living through a pandemic like COVID-19 during the pre-Internet and pre-tech savvy era?

Even fleetingly envisioning this will make you realize how lucky you are to be living in the age of advanced telecommunication technologies reigned by electronic document flow, digital signatures and online meetings.

In order to be prepared fully for the imminent digital world, the financial sector must ensure that it is being proactive, not only reactive. Most notably, the sector must warrant that its customer onboarding and compliance processes are fully digitalized in order to expedite clients’ take on in accordance with strict regulatory KYC and AML requirements, with international remit and without leaving the digital domain.

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