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 digital ID during COVID for onboarding unbanked customers.
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Many of you have mentioned the fact that the U.S. is often a leader in these international discussions.
As the global economy changes, financial firms and their regulators must remain well-apprised of new and emerging risks.
In fact, last November, a cybersecurity breach of third-party service providers disrupted the operations of 60 credit unions across 40 States.
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