Regulators should embrace digital ID
Lack of single ID in financial services is causing unnecessary friction, argues Dave Birch
Earlier this year, Bank of England governor Mark Carney suggested that digital ID cards “would make it safer for people to access money online”. I am right behind Carney on this, although I think he was wrong when he went on to say that such a scheme could also prove controversial and could “only be introduced by the government, rather than the Bank of England”.
In fact, nothing could be further from the truth: in the UK, a digital ID card could only be introduced by the Bank of England, rather
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