Martin Wilson Chief Executive Officer at OneID
The UK government recently announced that Deloitte had won a new £9m contract, having previously won a £4.8m deal, for work on One Login, which largely slipped under the radar. One Login, aims to provide a single identity for users of all online government services and this type of digital identity system is badly needed. Currently, around half of...
19 April 2022 /identity Digital Identity Management
Authorised push payment (APP) fraud is currently rampant in the UK. In the first half of 2021, cases rose by a shocking 71% and for the first time overtook card fraud in terms of the amount of money stolen. These scams involve consumers and businesses being tricked into sending money to criminals using either stolen or invented identities. They ta...
30 March 2022 /identity /crime Banking Strategy, Digital and Transformation
Unlike last year, Valentine’s Day this year is likely to be one free from a lockdown. People across the UK are set to spend big on their partners, pets, and themselves with gifts, dinner dates and trips away. This means a whopping £1.37 billion could be spent by the UK for Valentine’s Day in 2022. But where there is money, there are fraudsters wait...
14 February 2022 /identity /crime
January marked four years since the introduction of Open Banking. Although industry take up was initially slow, 2021 proved to be a catalyst for the initiative. In the past year, there has been a 60 percent increase in new Open Banking customers, totalling 3.9m consumer customers and 600,000 small business customers. Furthermore, with 1 million re...
10 February 2022 /wholesale /identity Open Banking
The subject of Digital Identity hit the headlines again at the end of 2021 as the UK introduced a digital covid pass which was met with serious concerns about data privacy, civil liberties and the introduction of a National Identity Scheme by stealth. What many people don’t realise is that they already give up their identity data online every day....
25 January 2022 /wholesale /identity
This month marks the third anniversary of Open Banking in the UK – or more specifically, three years since Open Banking became a compliance obligation for banks. Back in 2018, users of Open Banking products and services were counted in the tens of thousands and it wasn’t until the beginning of 2020 that this number slowly reached the million-user ...
20 January 2021 /retail /identity Open Banking
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