ABA-FDIC, FinCEN Announces Tech Sprint Focused on Digital Identity Proofing.

ENPNewswire-January 12, 2022--ABA-FDIC, FinCEN Announces Tech Sprint Focused on Digital Identity Proofing

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Release date- 11012022 - The FDIC and the Financial Crimes Enforcement Network today announced a 'tech sprint' to develop solutions for banks and regulators to help measure the effectiveness of digital identity proofing-the process used to collect, validate and verify information about a person.

The agencies are asking participants-including banks, nonprofits, academic institutions, private sector firms and members of the public-to consider 'what is a scalable, cost-efficient, risk-based solution to measure the effectiveness of digital identity proofing to ensure that individuals who remotely (i.e., not in person) present themselves for financial activities...

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