On the recordNovember 28, 2023
Yes. McKinsey has estimated, I think, between 2 and 3 percent GDP loss from not having a high-quality digital identity.
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congress.govEditor's note · Context
Foster cites McKinsey's estimate on GDP loss due to poor digital identity.
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Dec 4, 2023
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?
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