The Next Wave: Business Adoption Of Digital Identity Protection

The Next Wave: Business Adoption Of Digital Identity Protection

New Data: Auto Dealers, Banks, Alt Lenders Are Leaning Into Digital ID Innovation

Consumers are demanding more security, and organizations are determined to give it to them. This as new survey data from over 300 businesses show 43 percent of U.S. auto dealers, FIs and alternative lenders said they planned to invest in new digital ID verification systems within three years. PYMNTS’ new Next Wave: The Business Adoption Of Digital Fraud Solutions report, an Equifax collaboration, has all the details.

Inside the August Report

  • 38%: Share of firms that see digital identity innovation as more important now than last year
  • 43%: Portion of FIs that see digital identity authentication innovation as a “very” or “extremely” important goal
  • 42%: Share of firms that see digital identity innovation as key to earning customers’ trust

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    The Next Wave Report