As the global economy digitizes, a range of exciting new opportunities are emerging for banks. Digital Identity is a prerequisite to make transactions faster, easier, and safer – presenting an opportunity for banks to enhance customer experiences, create a competitive advantage, and improve revenue growth. 

In line with the rest of the economy, financial services are rapidly digitalising. Whether it’s consumers switching from cards and cash to mobile wallets and account-to-account transactions, the relentless rise of e-commerce, exciting new service types such as Buy-Now-Pay-Later (BNPL), or the two-thirds of European consumers who now use their mobile phones for banking, a revolution is in full swing – and it’s creating untold opportunities for banks to deliver faster, safer and better services to their customers. As always, those that move early and effectively will win the largest market share and biggest slice of revenue.

Find out more about how Digital Identity will be key in the digital transformation.