Tag: identity_verification
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FinCEN Issues Guidance on Using Digital Credentials for Customer Identity Verification
FinCEN and other agencies clarify that banks and credit unions can use verifiable digital credentials, like mobile driver's licenses, for customer identity verification under the CIP Rule, provided certain conditions are met.
BusinessPolitics and GovernmentScience & TechnologyFederal GovernmentBankingComputers and InternetLegal FinCENVerifiable Digital CredentialsCustomer Identification ProgramMobile Driver's LicensesIdentity VerificationFinancial InstitutionsRegulatory GuidanceFinancial Crimes Enforcement Network
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DHS S&T Tackles Digital Identity Fraud with Next-Gen Biometrics and AI
DHS Science and Technology Directorate experts discuss the future of online identity verification, combating digital fraud with mobile driver's licenses and AI. They highlight challenges in current systems and S&T's efforts to build secure, privacy-preserving digital credentials for a safer…
Science & TechnologyPolitics and GovernmentBusinessComputers and InternetArtificial IntelligenceFederal GovernmentLegalSocial Issues DHSScience and Technology DirectorateIdentity VerificationDigital FraudBiometricsMobile Driver's LicensesU.S. Department of Homeland Security
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USPS Urged to Expand Government Services to State and Local Levels
The OIG recommends the USPS develop a unified strategy to expand non-postal government services to state, local, and tribal levels. This move, enabled by the 2022 Postal Service Reform Act, could leverage the vast postal network for services like identity…
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentState GovernmentsEconomyComputers and InternetSocial IssuesTransportation USPSGovernment ServicesPostal Service Reform ActOIG ReportRural CommunitiesIdentity VerificationDigital Access