Empowering Caribbean people to own their data for KYC and get on-board faster at savvy finance and insurance firms, globally interoperable and future proof.
In considering a shift to the modern web3 world, consider this dive into #IBM and their failed journey to ride the last big tech wave - #cloud.
https://t.co/uJgeIE9fYC
Let's move past a single national ID number that anyone can guess or copy and into the #future where we can prove who we are without sharing all our stories - that's #SSI
Demand for cloud services is up 775% as we all work from home and live online. Does that mean we'll expect 8x better #customerexperience when accessing digital services from those we do business with?
https://t.co/Ity6P1EXqf
@expressupdates Hoping these are all negative, and just that - panic. Regardless, it's forcing us to find ways to interact more digitally - less #paper, less chances for viruses to #spread.
Wouldn't it be nice if every #regulated entity had tools that #automated and amplified signals that might have been missed, freeing staff to work on the accounts that need their #attention? ๐ค๐ค
https://t.co/pPBrkv1x93
Arizona HB 2124 proposes that any online service that edits, deletes, or makes it harder to find content for politically biased reasons will be deemed a publisher & not a platform https://t.co/yaiNXAARhq ๐คฆโโ๏ธ๐คฆโโ๏ธ๐คฆโโ๏ธ #Section230
Rest, reflect, and consider life in #2030. McKinsey suggests up to 40% of skilled workers in the US will need to retrain in a more technical area.
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Nonetheless, employers are best placed to be in the vanguard of change and make positive societal #impact.
https://t.co/ARBqUqnY4F
Weekends are a great time to find #quiet and #peace, also a chance for the #ideas of the next era of capitalism to filter through our friends in different #social circles. A chance for all of us to get out of our #bubbles and #connect with each other.
Happy Friday! Remember that today's #challenges are tomorrow's #opportunities, everywhere there are #innovators working to capitalize on the new era of #data#ownership.
What data would you most like to own? What data has the most value to you?
"Despite numerous experiments and proofs of concept, retail banks face challenges in implementing #decentralized KYC and anti-fraud solutions. ... Banks must adapt to a significant #evolution in culture, which is predicated on the need to share #data."
https://t.co/P9EBfbDjzI
"Just as counter-cyclicality has gained prominence on #regulatorsโ agendas, banks also need to renew their #focus on #risk management, especially the new risks of an increasingly #digital world."
We're seeing clients #capitalize on those risks, will you?
https://t.co/DAcKmM3bSh
"Banks lose $15 billion to $20 billion annually from identity fraud alone, according to Javelin research. Banks are also under intensifying regulatory pressure to protect customer data." The case for #self#sovereign#identity gets clearer every day.
https://t.co/P9EBfbDjzI
"There are already examples of digital systems which donโt operate as walled gardens: email for example. ... Email uses an #open protocol, which is why it is so widely used."
The #DID-spec will be a similarly successful open #protocol.
https://t.co/tJPnuo01g7
#decentralization isn't a panacea. In fact, it can cause more harm than good in some areas. That said, the #impact on #regulated industries like #banking, #insurance, and gambling are definitely net-positive, when applied responsibly.
https://t.co/0W3Y0WCQZm
IBM research found that "of the more than 8.5 billion records breached in 2019, 86 percent were compromised via misconfigured assets, including cloud servers and a variety of other systems."
#devops is critical, as is an executive commitment to #security
https://t.co/Ptb5Q0GoTi
The good folks at @WIRED have been hailing the arrival of the #decentralized internet since at least 2018, yet most of us are still stuck in centralized systems circa-2008.
Lots of hurdles, and lots of #opportunities await for those who can #capitalize.
https://t.co/W97GnfCfSn
#Compliance is painful. International bodies like the @IEEEorg are a great knowledge source and provide for a "common #framework for #blockchain-based Anti-Corruption Systems (ACS) for centralized organizations."
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#RegTech 2.0 is coming, are you ready?
https://t.co/pNpwz3wngi