Digital identity and the unbanked
The UK government has been through a consultation to shape a Digital Identity Framework.
But, research shows a lack of consumer understanding about what the Digital Identity Framework is.
Beyond this gap in understanding, the framework could negatively impact those already ‘unbanked’ or financially excluded in society.
In this episode of the PassFort podcast, Heather O'Gorman, Financial Crime lead for Thistle Initiatives, and PassFort's CMO, Dr. Christine Bailey, unpacked:
- The premise of the digital identity framework
- What it means to be unbanked and underbanked
- How a digital identity would be achieved
- How it may impact the financially excluded