Financial Services Tech Forum

Archives for August 2014 « Recent Articles

Photo of James WesterOffline

Payments for the Next Billion

By James Wester

With all the excitement in payments of late, providing access to financial services for billions of consumers may be the biggest thing happening.

Photo of Marc DeCastroOffline

Since the financial crisis in 2008, there have only been a handful of de novo bank approvals by the FDIC. What does this mean for the current state of banking and how long will this continue?

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2014 IDC FI FinTech Rankings Observations

By Karen Massey

This week we're finalizing the 2014 IDC FI FinTech Rankings and the list will be announced on Monday September 29. Ranked companies will be contacted over the next few weeks with an NDA process to learn their positioning prior to the list going public. Each year we have more entries than the last, and this year was no exception.

Photo of Michael VersaceOffline

The news this week of the latest digital ID theft by Russia hackers reignited my interest in just how many digital IDs there are in use today and how many are left to steal. The 1.2B figure from this latest breach seems like a big number, but against a complete population of digital identities, it could be a relatively small percentage - maybe 1-2% of the total, using conservative estimates. How difficult would it be to model and forecast digital identity, creating a digital identity census of sorts? How could we put this data to a useful purpose to understand the costs and complexity in managing digital identity risk? What are the implications of change and growth in this little corner of the IoT and digital universe? And where do digital identities and 3rd platform technologies intersect, how have things changed over the past 50 years of IT, and how will the growth of digital identity affect what we're willing to pay for in exchange for privacy protection?

These are all good questions that could be informed by better understanding the Digital Identity Universe, or the DIU.

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