Auckland, NZ, December 10th, 2018 - SingleSource, pioneers in decentralised identity and risk scoring, have secured a R&D grant from Callaghan Innovation, New Zealand’s innovation agency, to help fund the development of the company’s decentralised digital identity and risk scoring platform.
Blockchain is more than just a buzzword. It’s already being used to solve real-world problems in a number of industries. But how does it work? In this article we explain what distributed ledger technology and blockchain are. We also explain how these technologies work to keep data secure, create sovereign identities, and streamline KYC processes.
Before the rising popularity of the internet, most people relied upon only a few forms of offline identity. As more people started to utilise web-based technologies, we saw a rise in the creation of several, disparate digital identities. As a result, end users today are finding it more difficult to manage data across various platforms while also maintaining data privacy. This is all part of the complex history of digital identity.
Identity and Access Management (IAM) is increasingly important in finance for quite a few different reasons. First, we have continued to see an increase in the number of regulations surrounding data privacy. Initiatives like GDPR are being passed by various legislative bodies from around the world, ensuring that businesses establish better data privacy measures.
Even though consumer fraud remains a large issue for millions to billions of people annually, many tend to forget about the significance of business fraud.
Topics: Fraud prevention
Kelvin Chandran, SingleSource CEO, took some time to answer some questions about his recent trip to Hong Kong, and discuss the exciting opportunity to exhibit at the largest Fintech Festival in Singapore next week.
Australian accreditation follows SingleSource’s approval as an Intermediary to verify identity documents by New Zealand’s Department of Internal Affairs.
In a manner of just a few years, blockchain has already begun to emerge as a technological game-changer for the financial services industry. The positive impact of this relatively new technology is only just beginning.
Auckland, NZ, November 1st, 2018 - SingleSource, New Zealand’s pioneer in decentralised identity and risk scoring has announced that it will partner with specialist insurance company, Delta Insurance to integrate SingleSource’s Know Your Customer (KYC) service to reinforce their holistic cyber security solution.
When looking at the early history of blockchain, controversy has loomed at times. This is especially evident with issues surrounding cryptocurrency. ICO fraud, failed blockchain projects, and the so-called bitcoin bubble of 2018 have all acted as major obstacles to the adoption of blockchain technology itself.