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Work item:
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X.sup-ekyc-dfs
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Subject/title:
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Supplement to ITU-T X.1254: e-KYC use cases in digital financial services
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Status:
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Under study
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Approval process:
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Agreement
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Type of work item:
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Supplement
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Version:
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New
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Equivalent number:
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-
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Timing:
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2024-09 (Medium priority)
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Liaison:
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ITU-T SG16, ISO/IEC JTC 1/SC 27, NIST
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Supporting members:
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Korea (Republic of), KISA, Soonchunhyang University
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Summary:
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This Supplement discusses the rapid growth of digital identity verification as a result of digital transformation initiatives and the COVID-19 pandemic. It explores different approaches to eKYC, with a focus on India, Pakistan, and Sierra Leone, and considers the use of technological innovations such as Decentralized Identifiers (DID) and the Kiva Protocol. The supplement highlights the benefits of eKYC and DID systems, including increased security, cost savings, and interoperability. The use cases in different countries demonstrate the potential for these technologies to streamline identity verification processes and promote greater financial inclusion.
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Comment:
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-
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Reference(s):
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Historic references:
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Contact(s):
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| ITU-T A.5 justification(s): |
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First registration in the WP:
2023-10-04 11:43:00
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Last update:
2024-03-12 15:23:36
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