Survey: Online banking turns to digital identity solutions


nnnA study conducted by Verdict Financial on behalf of the digital identity startup HooYu shows that 40% of German customers and 38% of UK customers are opening new accounts online, indicating that there is a wider range of identification procedures used by financial institutions trend.n
nnTranslation: Clovern
nNew data show that the UK and Germany are leading European banks to get online accounts only for customers.n
nA study conducted by Verdict Financial on behalf of the digital identity startup HooYu shows that “40% of German customers and 38% of UK customers are opening new accounts online” – almost twice as much as France and Italy.n
nThese figures indicate that there is a broader trend in the identification procedures used by financial institutions, which currently vary from country to country, even within the EU.n
nHooYu used the so-called “universal identity token” to expedite the registration process and said that there was a lack of verification database in countries with low absorption rates.n
n”Using HooYu to verify that its clients’ financial services and bank clients have seen a huge increase in digital customer access,” marketing director David Pope said in a press release Monday.n
nAt the same time, block-based identity-based solutions are addressing the more common global lack of cohesion.n
nCivic, a startup that aims to help millions of global citizens get identity information without official documents, has successfully completed ICO last week and has been highly overpaid to reach $ 33 million.n
nLuxTrust last month worked with Cambridge Blockchain, a division-based certification company, to develop a platform for rivals to the EU.n

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