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Article: Digital ID and AML/CDD/KYC Utilities for Financial Inclusion, Integrity and Competition
Title | Digital ID and AML/CDD/KYC Utilities for Financial Inclusion, Integrity and Competition |
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Authors | |
Issue Date | 2018 |
Publisher | CAPCO. The Journal's web site is located at http://www.capco.com/Capco-Institute/Journal-45-Transformation |
Citation | Journal of Financial Transformation, 2018, v. 47, p. 133-142 How to Cite? |
Abstract | Customer identification is key to protecting market integrity. The know your customer, anti-money laundering, and counter-terrorism financing rules all work to this end. However, these strict rules can limit access to financial services, particularly by small and medium enterprises and poorer individuals. Global interest in e-identity is growing, with multiple countries either establishing, or having already established, national e-identity systems. The potential of centralized identity databases to simplify the experience of accessing both government and financial services is clear. Efficient e-identity services also hold great potential for international financial centers. This article sets out three measures to which such centers must pay particular attention in building their e-identity systems. |
Persistent Identifier | http://hdl.handle.net/10722/264173 |
ISSN |
DC Field | Value | Language |
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dc.contributor.author | Zetzsche, DA | - |
dc.contributor.author | Arner, DW | - |
dc.contributor.author | Buckley, RP | - |
dc.date.accessioned | 2018-10-22T07:50:43Z | - |
dc.date.available | 2018-10-22T07:50:43Z | - |
dc.date.issued | 2018 | - |
dc.identifier.citation | Journal of Financial Transformation, 2018, v. 47, p. 133-142 | - |
dc.identifier.issn | 1755-361X | - |
dc.identifier.uri | http://hdl.handle.net/10722/264173 | - |
dc.description.abstract | Customer identification is key to protecting market integrity. The know your customer, anti-money laundering, and counter-terrorism financing rules all work to this end. However, these strict rules can limit access to financial services, particularly by small and medium enterprises and poorer individuals. Global interest in e-identity is growing, with multiple countries either establishing, or having already established, national e-identity systems. The potential of centralized identity databases to simplify the experience of accessing both government and financial services is clear. Efficient e-identity services also hold great potential for international financial centers. This article sets out three measures to which such centers must pay particular attention in building their e-identity systems. | - |
dc.language | eng | - |
dc.publisher | CAPCO. The Journal's web site is located at http://www.capco.com/Capco-Institute/Journal-45-Transformation | - |
dc.relation.ispartof | Journal of Financial Transformation | - |
dc.title | Digital ID and AML/CDD/KYC Utilities for Financial Inclusion, Integrity and Competition | - |
dc.type | Article | - |
dc.identifier.email | Arner, DW: douglas.arner@hku.hk | - |
dc.identifier.authority | Arner, DW=rp01237 | - |
dc.identifier.hkuros | 295744 | - |
dc.identifier.volume | 47 | - |
dc.identifier.spage | 133 | - |
dc.identifier.epage | 142 | - |
dc.publisher.place | United States | - |
dc.identifier.issnl | 1755-361X | - |