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News and resources on digital identity, trust, biometrics and Secure Customer Authentication.

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Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Two Paradigm Shifts: Trust Infrastructure and AI-Agentics

11

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

What should I do next?

1

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

To the point about AI-agents needing verifiable credentials

1

[New Report] The Outsourcing Imperative: The Strategic Importance of Partnerships for Cloud-based PaFinextra Promoted[New Report] The Outsourcing Imperative: The Strategic Importance of Partnerships for Cloud-based Payments

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Expert opinions

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Two Paradigm Shifts: Trust Infrastructure and AI-Agentics

For the past seven years, I have been advocating for faster adoption of organisation wallets to enable verifiable credentials to start streaming through the European Trust Infrastructure (TI). Much of this has been in support of the public–private not-for-profit Findynet co-operative in Finland, and as a co-founder or active contributor in initia...

/ai /identity Artificial Intelligence and Financial Services

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

What should I do next?

I first asked ChatGPT to describe me. My modesty forbids me to share the glowing terms in an astonishingly thorough description. Then I asked what I should do next. ChatGPT said: "Great question — and fitting, given Bo Harald's long-standing role in driving digital trust, identity, and economic infrastructure forward in Finland and Eu...

/ai /identity Artificial Intelligence and Financial Services

Slava Mehovich

Slava Mehovich Founder at AKDev Group

𝗙𝗮𝗰𝗲 𝗜𝗗 𝘃𝘀. 𝗙𝗶𝗻𝗴𝗲𝗿𝗽𝗿𝗶𝗻𝘁𝘀

Biometric technologies such as Face ID and fingerprint scanning are actively discussed in the financial technology industry. Let's figure out which one is more reliable in the context of financial transactions. Face ID uses an infrared TrueDepth camera that projects more than 30,000 dots to create a 3D map of the face. The data is converted into a...

/security /identity Biometrics

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

To the point about AI-agents needing verifiable credentials

Jamie Smith always worth reading: " Despite the froth, something deeper is happening. While the early numbers might be unimpressive, the broader shift is unmistakable. AI Agent systems are starting to appear across every layer of business, and investors are betting on consumer applications for everyday life. The real question isn’t whether t...

/ai /identity Artificial Intelligence and Financial Services

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

What I missed in Geneva..

GDC25 was a successful milestone gathering. Here’s what I hope will be addressed more visibly going forward: 1. Stronger EU Member State Leadership on Organisation Wallets What I missed most was a more visible and vocal commitment from EU Member State governments — especially in enabling simple, high-impact credential flows through widely avai...

/ai /identity Innovation in Financial Services

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Trending

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Two Paradigm Shifts: Trust Infrastructure and AI-Agentics

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

What should I do next?

/identity

Research

Future of Report

The Future of European Fintech 2025: A Money20/20 Special Edition

A special edition for Money20/20 Europe 2025. The European fintech space is seeing leaps and bounds in digital innovation, financial technology, and operational resilience. With incoming regulation focused on standarising the sector and disruptive fintech firms challenging banks - the ecosystem is in a transitional period.  Among these challenges, the fintech boom is sweeping the continent. New developments in AI, tokenisation, digital identity, open banking, and more is redefining the banking sector. Europe is primed to act as the epicentre for global fintech innovation.  This Finextra report dives into industry sentiment on what the future holds for European fintech, featuring key insights from NatWest Group, Standard Chartered, BNY Mellon, Magnetiq Bank, GoCardless, Moore Kingston Smith, Stripe, and Augmentum Fintech. It explores:  AI and predictive analytics integration in payments;  Enabling financial inclusion and accessibility in emerging markets;  The role of digital identity and behavioural biometrics in financial services;  Innovation in regulatory practices;  The revolutionary power of smart data and decentralised finance. 

416 downloads

Event Report

Risk-based authentication: Enhancing security and user experience in fraud prevention

In today’s rapidly evolving digital landscape, the importance of robust cross-channel authentication cannot be overstated. As businesses and consumers increasingly interact across multiple platforms, ensuring secure and seamless authentication processes is paramount.  Online platforms have become integral to modern financial activities, which necessitates secure and seamless transactions, backed up by robust authentication mechanisms. Risk-based authentication offers a dynamic security approach, balancing user convenience with stringent fraud prevention.  The integration of cross-channel data and advanced technologies like machine learning (ML) and artificial intelligence (AI) is vital, as well as access and understanding of data. High-quality data is the cornerstone of effective fraud prevention and detection, which is why organisations must invest in robust data engineering practices to ensure collected data is accurate and well-labelled.  This investment enables the development of sophisticated models to better identify and prevent fraudulent activities. Prioritising data quality enhances fraud prevention strategies, protecting businesses and their customers from potential threats.  So how can organisations holistically address risk-based authentication in a dynamic world? This webinar report summarises the discussion of a Finextra webinar, hosted in association with Mastercard, and explores:  Risk-based authentication in fraud prevention;  Adapting fraud prevention to evolving threats;  Advanced authentication strategies for corporate fraud prevention;  Digital IDs, channels, and exclusion. 

277 downloads

Event Report

AI strategies for scalable, secure and compliant banking

Delving into effective strategies and tools for secure and compliant AI integration in banking, emphasising the importance of open-source models, the role of generative AI, the advantages of synthetic data, and the influence of regulatory frameworks. Integrating AI in banking involves more than just adopting new technologies; it requires aligning these technologies with specific banking use cases to maximise benefits and mitigate risks related to data security and compliance. Open-source models facilitate this transformation by offering a collaborative platform for innovation and transparency, essential for building trust and ensuring the safe use of AI in banking.  The journey from proof of concept (POC) to production in AI and machine learning is often lengthy and complex. This extended timeline highlights the challenges organisations face in integrating AI into their operations. Embracing new tools and technologies and learning to utilise them effectively is crucial for overcoming these challenges and applying AI to day-to-day operations, leading to significant benefits in efficiency and innovation.  When looking at other markets, the United States has become a hub for tech giants, focusing on fostering innovation, while regions like Japan remain cautious, reflecting their unique regulatory landscapes and societal risk appetites. This diversity in regulatory approaches presents both opportunities and challenges for firms operating globally, necessitating a nuanced understanding of each market’s unique dynamics.  This webinar report summarises the discussion of a Finextra webinar, hosted with Red Hat, by a panel of industry experts. Discover:  How AI is enhancing innovation, efficiency, and security;  Synthetic data and regulatory impact;  What factors are holding organisations back from fully adoption AI-driven services;  Balancing innovation and regulation;  And more. 

335 downloads

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FinextraTV

How Open and Embedded Finance are Increasing Banking Accessibility

Vincent Brennan, an independent consultant within the banking industry, joined the FinextraTV studio at EBAday following the panel he featured on to reflect on the topics covered. As well as discussing the challenges for this autumn surrounding ISO20022, instant payments and verification of payee, he shares what he is most excited for within open and embedded finance across the next few years.

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Long reads

Madhvi Sonia

Madhvi Sonia Head of Content at Finextra

Beyond the binary: Fixing KYC for the LGBTQ+ economy

This Finextra long read series will focus on how the fintech industry can serve underrepresented LGBTQ+ customers during and after Pride Month – a celebration of the LGBTQ+ community and the contributions of lesbian, gay, bisexual, transgender and queer culture. By recognising that many individuals within the LGBTQ+ community, particul...

Scott Hamilton

Scott Hamilton Contributing Editor at Finextra Research

Will identity become the ultimate currency?

This is an excerpt from The Future of European Fintech 2025: A Money20/20 Special Edition. The meaning of the term “Digital DNA” keeps changing as technology, especially in financial services, marches inexorably forward. What once might have literally meant how DNA (in genetic terms) is expressed in a digital format now encompasses many facets – r...

Sehrish Alikhan

Sehrish Alikhan Reporter at Finextra

What is Digital Company ID? CFIT’s blueprint for fraud prevention

The Centre for Finance, Innovation, and Technology (CFIT) has published a Digital Company ID plan to crack down on fraud and support UK businesses. CFIT led a coalition of over 70 organisations including financial institutions, government agencies, tech firms, policymakers, and academics, to develop and analyse Digital Company ID. According to the ...