Page 6 - ITU-T Focus Group Digital Financial Services – Technology, innovation and competition

3.2 Authentication technologies 39
3.3 Authorisation technologies 44

4 Digital identities for DFS 44
4.1 Customer registration 44
4.2 Transaction authentication 45
4.3 Customers without identity documents 45

5 Digital identity and DFS practical example 46

6 Digital identity in action 47
6.1 National ID number for SIM registration (Pakistan) 47
6.2 Mobile transaction data for loan application (Pan-African) 47
6.3 Benefit disbursement via National ID number (India) 47
6.4 Social media data for access to banking services (Nigeria) 48

7 Impact of digital identity on DFS and barriers to adoption 48
7.1 Commercial impacts of digital identity on DFS 48
7.2 Social and cultural impacts of digital identity on DFS 49
7.3 Regulatory impact of digital identity on DFS 49

8 Recommendations 50

9 Glossary 51

Appendix A: Identity architectures 52

Appendix B: Identity technologies 64

III DFS Vendor Platform Features 66

Executive Summary 67

1 Scope 68

2 Logic functional diagram of DFS vendor platform 68

3 Access function 69
3.1 Remote access 69
3.2 Proximity access 70

4 Service function 71
4.1 Cash in 71
4.2 Cash out 71
4.3 Savings 71
4.4 Loans 71
4.5 Insurance 71
4.6 ATM 71
4.7 Bill payment 72
4.8 Airtime top-up 72
4.9 Buy goods 72
4.10 Donations 72
4.11 Bulk payment (government to person (G2P) payment, salary distribution) 72

iv