Enhancing ID Verification for PaymentsAlastair Johnson of Nuggets on Self-Sovereign Identity in Financial Services
To help prevent payments-related fraud, better identity verification of merchants and consumers is needed, says Alastair Johnson of Nuggets, a payments and identity management company.
Indexing identity verification to everyday consumer and commercial payments would mean that identity is checked far more frequently, a key step in preventing fraud, he says.
In a video interview with Information Security Media Group, Johnson discusses:
- Why better identity verification of merchants and consumers is essential;
- Use cases for self-sovereign identity in digital transactions, such as push payments;
- How self-sovereign identity works in nation-states that have weak privacy protections.
Johnson, founder and CEO at Nuggets, has spent over 25 years as an entrepreneur and innovator. He has led global integrated product development and marketing for such brands as Microsoft, Skype, Office, Xbox, Hololens, Disney, TED and the BBC. He has created and led multidisciplinary global teams at both start-ups and multinational corporations.