Regula Warns Digital Identity Has a Human Problem

Identity and authentication in financial services are having a moment. The marketplace must move beyond the one moment where a human proves who they are, gains access and proceeds. “Every identity and authentication system in financial services was built on a foundational assumption: One human initiates an action, one system verifies that person, and it happens at one specific moment in time,” Henry Patishman , executive vice president, identity verification solutions, at Regula, told PYMNTS.