COURBEVOIE, France-Wednesday 16 December 2020 [ AETOS Wire ]
(BUSINESS
WIRE)-- The company was one of 12 finalists in the showcase, which
recognizes solutions for their capacity to support disadvantaged groups,
advance financial inclusion, and mitigate the impacts of the COVID-19
pandemic.
IDEMIA has been awarded second place in the 2020 AFI
Inclusive Fintech Showcase for its digital identity solution for
disadvantaged groups. The company was one of 12 finalists in the
showcase, which recognizes innovative solutions that are helping to
address the fallout from the COVID-19 pandemic and beyond.
In a
virtual presentation to AFI’s final jury, Ali Akbar, Director of
Business Intelligence for IDEMIA’s Digital Business Unit highlighted how
IDEMIA’s Digital Identity Platform can be leveraged by FinTechs and
regulators to provide identity verification methods to the underserved –
enabling them to easily and securely register their identities and thus
access basic services. In the COVID-19 context, this can enable the
swift roll out of financial aid to the most vulnerable and
hard-to-access populations.
As one of the top three winners,
IDEMIA will participate in AFI’s Public-Private Dialogue platform and be
awarded a one-year membership to Luxembourg House of Financial
Technology (LHoFT) which provides practical training, education and
research services for the FinTech Community. The company will also
participate in specific activities of the AFI Public-Private Dialogue
(PPD) in 2021.
“We are extremely pleased to be recognized by
AFI,” said Matthew Cole, CEO of IDEMIA’s SET Division. “By reducing the
hurdles to financial inclusion and leveraging risk-based KYC approaches,
we can create channels through which the world’s most vulnerable
populations can access essential services and enter the digital
financial world.”
About the AFI Inclusive FinTech Showcase:
The
2020 AFI Inclusive FinTech Showcase is an initiative under the 2018
Sochi Accord with AFI’s membership committed to “create and participate
in platforms for systemic dialogue and partnership among regulators and
policymakers with FinTech companies and technology providers” (source:
AFI)1
It is supported through AFI’s Multi-Donor Financial
Inclusion Policy Implementation Facility (MD-PIF), with participation of
French Development Agency (AFD), the German Federal Ministry of
Economic Cooperation and Development (BMZ) and the Ministry of Finance
of the Grand Duchy of Luxembourg.
About IDEMIA
IDEMIA, the
global leader in Augmented Identity, provides a trusted environment
enabling citizens and consumers alike to perform their daily critical
activities (such as pay, connect and travel), in the physical as well as
digital space.
Securing our identity has become mission critical
in the world we live in today. By standing for Augmented Identity, an
identity that ensures privacy and trust and guarantees secure,
authenticated and verifiable transactions, we reinvent the way we think,
produce, use and protect one of our greatest assets – our identity –
whether for individuals or for objects, whenever and wherever security
matters. We provide Augmented Identity for international clients from
Financial, Telecom, Identity, Public Security and IoT sectors. With
close to 15,000 employees around the world, IDEMIA serves clients in 180
countries.
For more information, visit www.idemia.com / Follow @IDEMIAGroup on Twitter
1https://www.afi-global.org/news/2020/11/12-finalists-announced-afi-inclusive-fintech-showcase?fbclid=IwAR09PWdYqagjd2bYf_i2njERgr92Spu5mu7492-hB-KUVw4GVcFqZMaF_pY
View source version on businesswire.com: https://www.businesswire.com/news/home/20201215005528/en/
Contacts
Press:
Hanna Sebbah
idemia@havas.com
+33 (0) 6 63 73 30 30
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