UK consumers skeptical about 'common digital identity'

The idea of a 'common digital identity' (CDI), that would allow access to a range of services, offers huge benefits to financial institutions in delivering better, faster, and more reliable checks for consumers. Consumers themselves, however, are less convinced. A survey conducted by RegTech Associates on behalf of PassFort finds only 17 percent of UK respondents say they are very much in favour of CDI. While 34 percent are cautiously in favour and 31 percent are skeptical about it, at the other end of the scale, six percent state they are very much against having a CDI. The UK government… [Continue Reading]