Around the world, technology companies, governments and even some banks are trying to develop new, safer and easier ways for people to prove they are who they say they are. Generally the goal is to allow people to be authenticated once by a trusted identity provider (a role banks could play) rather than share sensitive information with countless third parties, as they do today. Here we highlight just a few of the many organizations innovating in this space.
Barclays and the U.K. Government
The United Kingdom has launched a digital identity project - called GOV.UK Verify - where British citizens can access government services and websites by logging into one of eight approved digital identity providers. Barclays is one of the eight, and the only bank. Its participation is part of a larger effort by the bank to maximize the value of all the information it stores.