CULedger Adds Three Credit Unions to MemberPass™ Pilot Program

Posted by Julie Esser on Feb 21, 2020 8:42:31 AM
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Topics: Digital Identity, Digital Experience, Cybersecurity

CULedger Showcases Successful Cross-Border Payment Solution, Supported by Partners R3 and Luxoft, a DXC Technology Company

Posted by Julie Esser on Dec 5, 2019 6:00:00 AM

 

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Topics: Blockchain, Digital Identity, Payments, SSI

Utilizing Decentralized Identities to Grow Revenue, Cut Costs and Strengthen Trust with Members

Posted by Julie Esser on Dec 4, 2019 8:57:55 AM

Credit unions are experiencing pressure from a multitude of sources and can no longer rely solely on traditional methods and technology. From an ever-changing regulatory environment to meeting the digital demands of members to keeping bad actors away, credit unions are fighting to keep pace with the rapid changes brought on by the Fourth Industrial Revolution.

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Topics: Digital Identity, Cybersecurity, SSI

The Different Types of Identity

Posted by Julie Esser on Jun 12, 2019 9:00:00 AM

In an earlier blog post, I wrote on the various dimensions of identity, such as the countless siloed identities and related usernames and passwords. But there is also a distinction to be made between the dimensions of identity and the different types of identity. The latter is generally defined in three ways: the aforementioned “siloed” identity, the third party or “federated” identity and the self-sovereign identity (SSI).

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Topics: Digital Identity

What happens to MyCUID if my member’s phone is compromised?

Posted by Julie Esser on May 15, 2019 9:00:00 AM

Self-sovereign identity (SSI) provides members with a lifetime portable digital identity that does not depend on any central authority and can never be taken away. The benefits are far-reaching for both members and credit unions.

One of the main benefits of SSI is that the numerous and cumbersome usernames and passwords that consumers currently have become irrelevant. But, since biometrics and smartphone technologies drive the SSI platform, what happens if a person loses his or her phone, or that phone is hacked or has an injury that impedes a biometric login? Does that member’s SSI become vulnerable? This question is especially important for credit unions to consider as a recent Bankrate survey found that 63 percent of smartphone users in the U.S. have at least one financial app.

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Topics: Digital Identity