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ACAMS-RUSI Digital ID Survey Report

An insight into how the AFC community views the utility of Digital ID and its potential in the fight against financial crime.

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    Summary

    The RUSI-ACAMS Global Digital ID Survey provides an insight into how the financial crime compliance community views the utility of Digital ID. It comes at what is a crucial time for the technology. A year after the release of the FATF Guidance on Digital ID and after the Coronavirus pandemic placed a renewed emphasis on its importance, this survey takes stock of how this technology is perceived and the promise it holds for combating financial crime in the future.

    In general, 82% respondents indicate that there is a fairly good understanding of what Digital ID is in the financial crime community.

     

     

    Key Findings
    86%

    of respondents view Digital ID as a positive innovation

    87%

    of respondents said they would trust government issued Digital IDs

    76%

    of respondents would like to use Digital IDs for financial crime compliance

    85%

    of respondents think that Digital ID would benefit customer onboarding Over half of respondents say that the pandemic has made them more accepting of Digital IDs in general

    Who Should be Interested?

    Traditional financial institutions including:

    • International banks

    • FinTechs

    • Technology providers

    • Non-financial sector

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    Main Sectors

    • Private Sector

    • Public Sector

    • Academics

    • Charities

    • NGOs

    • Think-tanks

    About Our Partner

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    RUSI is an independent defense and security think-tank based in the United Kingdom. RUSI’s Centre for Financial Crime and Security Studies has conducted a wide array of research on the impact of new technology on financial crime and compliance.