„ eID: the business case for the banking and finance community “ 5th June 2015 Overview No. Topic 2 2 Context Context 3 eID Key concepts 4 Identity in Banking 5 Drivers for eID adoption Applicability in the banking world 6 Key Issues 7 Deutsche Bank Italy 0 Strictly Confidential
About Deutsche Bank Strategy 2020: Digitalize DB -”Targeting up to EUR 1bn of incremental group- wide investment through 2020” Deutsche Bank Italy 1 Strictly Confidential
Context Society is spending more and more time online … Key Concept ….. with less face to face interactions 1 Social Social media/email 2 3 4 4 I need to be internet Banking entertainment shopping identified by 5 5 6 each site Product subscription administration Is the time ripe for a single cross-border identification method? Deutsche Bank Italy 2 Strictly Confidential
eID Key concepts Biometrics: Personal details - photo, for identification - fingerprint, - retina scan Security PIN Signature PIN Bar code QR Code Digital Signature CHIP Anagraphical details, tax code, social security, health card Case studies: Estonia, Austria, Belgium, Portugal, Thailand, India, Egypt Deutsche Bank Italy 3 Strictly Confidential
Identity in Banking At the heart of all banking processes is the identity of our clients. Key Concept Adequate due diligence on new and existing customers is key. Identity Identity day to day onboarding business Regulatory Environment Deutsche Bank Italy 4 Strictly Confidential
Drivers for eID adoption 2 Paperless Processes 1 Security Security 3 3 techniques Interoperability against identity & usability theft and 4 frauds online Legislation eGovernment Services Ubiquitous new identity methods Deutsche Bank Italy 5 Strictly Confidential
Applicability in the Banking world � Complete personal details and biometrics � Simplified archiving of client identification eg upload from card Quick & Secure � One identity with standard format across nations Identification � Online identity check with centralized databases � Immediate recognition eg NFC � Remote identification Efficient � All documents signed electronically or digitally paperless � Increased upsell and cross-sell opportunities processes � Efficiency for online and branch processes � Threshold increased to falsify identity documents � eID in online banking world (eg in Login) should reduce Digital Security credential theft and assist in AML identification Strategy Strategy � Digital Signature for authorization Digital Signature for authorization Deutsche Bank Italy 6 Strictly Confidential
Challenges in order to obtain full benefits Description Issue � Creation of a common ID across borders and related Interoperability standard for eID identification between Nations � Single digital signature � � Interoperability Interoperability Create, enforce and maintain technical standards of Create, enforce and maintain technical standards of between service communication providers � Database integration countrywide (internal & external) � How can I use my card? Do I need a card reader? Who Usability will give me support? Can details be stored on an App? � Across services and nations – same user experience � If my eID become central to my everday life, how can I Security keep it safe from hacking? How do I prove my identity? � Trust / liability setting Interventions for Legislative and Technical solutions Deutsche Bank Italy 7 Strictly Confidential
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