Yes. For example, if this was in place during COVID, when we had to onboard massive numbers of unbanked customers, but the customers had had a secure digital ID, would that have been a big improvement in our response to COVID?
Foster discusses the potential benefits of secure digital IDs during COVID-19 onboarding.
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I guess when things are going well, as they currently are, it is all of our duties to look around the curve and see the risks that keep you up at night.
Americans are better off when we have options, and we should strive for a competitive marketplace for banks of all sizes.
I have spoken to you about this in the past, particularly about a Digital ID, which is one potential solution that is listed in your report.
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