Governance & Risk Management , Identity & Access Management , Identity Governance & Administration

Enhancing ID Verification for Payments

Alastair Johnson of Nuggets on Self-Sovereign Identity in Financial Services
Alastair Johnson, founder and CEO, Nuggets

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.

See Also: The Fraudster's Journey - Fraud in the IVR

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.


About the Author

Nick Holland

Nick Holland

Director, Banking and Payments

Holland, an experienced security analyst, has spent the last decade focusing on the intersection of digital banking, payments and security technologies. He has spoken at a variety of conferences and events, including Mobile World Congress, Money2020, Next Bank and SXSW, and has been quoted by The Wall Street Journal, CNN Money, MSNBC, NPR, Forbes, Fortune, BusinessWeek, Time Magazine, The Economist and the Financial Times. He holds an MSc degree in information systems management from the University of Stirling, Scotland.




Around the Network

Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.com, you agree to our use of cookies.