PwC, Onfido, uPort to explore portable identities in UK financial services

Port has partnered with Onfido and PwC to explore portability of consumer identities in the financial services sector in the UK and beyond. Both uPort and Onfido’s vision is to offer consumers access and control over their own data. The companies applied to and were accepted to the UK’s Financial Conduct Authority Regulatory Sandbox (Cohort 5) to test how decentralised identity can enable fintech ecosystems in the UK.

PwC’s UK team believes that such technology can promote more open financial ecosystems, thus it is partnering with them in this pilot.

(Read more: The PAYPERS)

(Source: The PAYPERS)