About Deutsche Bank Strategy 2020: Digitalize DB -Targeting up to - - PowerPoint PPT Presentation

„eID: the business case for the banking and finance community

“ 5th June 2015

Overview

Topic No.

2 Context 2 Context 6 Applicability in the banking world 5 Drivers for eID adoption eID Key concepts 3 4 Identity in Banking

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7 Key Issues

About Deutsche Bank

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1

Strategy 2020: Digitalize DB -”Targeting up to EUR 1bn of incremental group- wide investment through 2020”

Key Concept

Context

Society is spending more and more time online … ….. with less face to face interactions

Social

1

entertainment

I need to be identified by each site

Product subscription administration shopping Social media/email internet Banking

2 3 4 4 5 5 6

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2

Is the time ripe for a single cross-border identification method?

eID Key concepts

Personal details for identification Biometrics:

• photo,
• fingerprint,
• retina scan

Digital Signature Bar code QR Code CHIP Security PIN Signature PIN

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3

Anagraphical details, tax code, social security, health card Case studies: Estonia, Austria, Belgium, Portugal, Thailand, India, Egypt

Identity in Banking

Key Concept At the heart of all banking processes is the identity of our clients. Adequate due diligence on new and existing customers is key.

Identity

• nboarding

Identity

day to day business

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4

Regulatory Environment

Drivers for eID adoption

3 1 2

Security Paperless Processes

3 4

Security techniques against identity theft and frauds online Interoperability & usability Legislation eGovernment Services

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5

Ubiquitous new identity methods

Applicability in the Banking world

Quick & Secure Identification

• Complete personal details and biometrics
• Simplified archiving of client identification eg upload from card
• One identity with standard format across nations
• Online identity check with centralized databases
• Immediate recognition eg NFC

Efficient paperless processes Security

• Remote identification
• All documents signed electronically or digitally
• Increased upsell and cross-sell opportunities
• Efficiency for online and branch processes
• Threshold increased to falsify identity documents
• eID in online banking world (eg in Login) should reduce

credential theft and assist in AML identification Digital Signature for authorization

Digital Strategy

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6

• Digital Signature for authorization

Strategy

Challenges in order to obtain full benefits

Issue Description

• Create, enforce and maintain technical standards of
• Creation of a common ID across borders and related

standard for eID identification

• Single digital signature

Interoperability between Nations Interoperability

• Create, enforce and maintain technical standards of

communication

• Database integration countrywide (internal & external)
• If my eID become central to my everday life, how can I

keep it safe from hacking? How do I prove my identity?

• Trust / liability setting

Security

• How can I use my card? Do I need a card reader? Who

will give me support? Can details be stored on an App?

• Across services and nations – same user experience

Usability Interoperability between service providers

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7

Interventions for Legislative and Technical solutions