Future Identity Finance, brings together innovation leaders from across the financial services services industry to discuss the future of digital identity, fraud and risk. At the most recent edition, co-located with FTT Lending 3.0, we chatted to Adam Preis, Director, Product Solution Marketing at Ping Identity, a global leader in Identity and Access Management.

We discussed some of the significant shifts in recent years that are shaping how financial institutions manage identity. “The most fundamental thing is the notion of identity convergence,” Adam explains, “financial service providers can no longer use a patchwork of home build and legacy infrastructure solutions, instead they’re looking to converge that through a platform solution that can enable their customer experiences, workforce experiences and even in many cases machine identities.”

Adam points out that the average person might think of perhaps the most common use case password and username login, but in reality there is much more to identity. If implemented well, digital identity can enable financial institutions to build a better understand of customer needs, deliver better experiences at lower costs, and mitigate an ever-evolving landscape of cybersecurity threats,.

Watch the full interview below to hear more on decentralised credentials, digital wallets and how the future of the identity is evolving.

Our next event, Future Identity Customer, is taking place on 21st May, at etc. venues 155 Bishopsgate, London. Join 600+ innovators from financial providers, retailers, platform marketplaces, iGaming businesses and technology enablers as we explore the customer at the heart of digital identity.