The way we perceive business flourishing is undergoing a paradigm shift as digital identity and consumer consent redefine the dynamics of transactions. Digital identity is no longer just a tool; it represents a vision of seamless interaction and integration in all sectors of our economy, but especially finance. Digital inclusion and the role of digital identity in enabling frictionless transactions is another crucial factor in unlocking an individual’s potential for economic engagement. Companies across the globe are already leveraging open banking capabilities to provide digital identity verification services, bypassing traditional waiting periods. As always, the concept of consent within the realm of digital identity holds immense significance.

Source: The North Africa Journal July 19, 2023 13:06 UTC