Digital ID

Digital services and associated technologies are vital building blocks that will help UK consumers effectively manage their finances and improve their financial wellbeing. Consumers are increasingly engaging with digital services to manage their finances and make more informed decisions.

TISA is leading on a series of innovative projects that focus on the digitalisation of UK financial services for the benefit of consumers, the industry, the developing fintech sector and the broader UK economy. These projects are open to TISA members to participate and will drive cost savings and/or opportunities to build new exciting financial products.

Harry Weber-Brown, Digital Innovation Director leads on this work at TISA

TISA is leading an industry project to develop a Digital Identity for UK consumers that meets all relevant regulatory requirements (KYC and AML) and is positioned to consumers as the prime means for securely identifying themselves to UK financial services.

It will be a foundational component in the digitalisation of financial services in the UK – for both traditional and FinTech businesses – and will enable financial services to build innovative solutions for their consumers.

The project is in the Pilot Phase which includes:

Participating firms

Accenture
Barclays
Experian
Fidelity
HSBC
Lexis Nexis Risk Solutions

Lloyds Banking Group
Northern Trust
SS&C DST
The Post Office
Zurich Financial Services