Political Quotes

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?

I believe that we can dispel this notion by looking at the facts.

Many financial firms I talked to just told me that a reliable form of digital ID would really simplify the Anti-Money Laundering/Know Your Customer (AML/KYC) process, and make it faster, cheaper, and more reliable when they have to confirm the identity of customers.

New technologies, like artificial intelligence and digital assets, give scammers many new tools, and, frankly, I worry that our regulators will be quickly outgunned.