Emerging markets like Brazil and India are no longer just emerging. When it comes to advances like the digitization of financial services, these countries are frequently leapfrogging legacy landscapes from a financial technological perspective. This has put companies on their back feet, Brad Rosenfeld, chief...
Fraudsters, like consumers, love a good deal. And the gig economy, estimated to be worth half a trillion dollars in 2023 and employing 38% of the U.S. workforce, is becoming their latest target — with more than a third of U.S. consumers report being victims...
As artificial intelligence (AI) increasingly blurs the line between humans and machines in online commerce, researchers have proposed a new system to authenticate real users without compromising their privacy. In a recent paper published on arXiv, researchers from OpenAI and MIT introduced the concept of...
The Democratic Republic of the Congo has reportedly canceled what would have been one of the most expensive digital identity projects ever executed. The country canceled the $1.2 billion project amid warnings of cost overruns and possible funding irregularities, Bloomberg reported Tuesday (Sept. 3). Richard Ilunga,...
Block is working with the U.S. government to promote the use of digital identity tools. The FinTech conglomerate announced Thursday (Aug. 29) that it was working with the National Cybersecurity Center of Excellence (NCCoE), a division of the Commerce Department’s National Institute of Standards and...
The European Union (EU) is getting closer to rolling out its digital identity wallet. As the European Commission (EC) noted on its website recently, the wallet “will be a secure and easy way for European citizens, residents and businesses to prove who they are when...
Mastercard and the African Development Bank Group formed an alliance to provide digital access to critical services to 100 million people and businesses in Africa over the next 10 years. The first efforts of the organizations’ Mobilizing Access to the Digital Economy (MADE) Alliance: Africa will include providing digital identities and access...
Decentralized identity startup Humanity Protocol said it is now a $1 billion company. The firm announced the private valuation in a Wednesday (May 15) blog post as it revealed the completion of a $30 million seed round. The company said the funding will help it challenge Sam Altman’s Worldcoin and accelerate hiring and...
You’ve likely heard of digital driver’s licenses, digital passports, and digital IDs. Now, digital birth certificates are emerging as the latest addition to the digital identity landscape, offering a glimpse into the future of identification and authentication. An ongoing pilot program in New South Wales (NSW) in Australia...
