Self-Sovereign Identity: The Next Evolution for KYC

R3's Ivar Wiersma explains how the banking industry is moving toward a self-sovereign identity model.

Identity people

The know-your-customer (KYC) process has long been a headache for banks—it is an often complex, time-consuming, and duplicative endeavor, and it doesn’t directly provide revenue for the institution. While there have been efforts to make KYC requirements easier to handle—through the use of utilities, automation, or even enterprise knowledge graphs—it is much easier said than done.

The evolution of KYC, though, might just be self-sovereign identity (SSI) solutions, which can help overcome some of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

The IMD Wrap: Will banks spend more on AI than on market data?

As spend on generative AI tools exceeds previous expectations, Max showcases one new tool harnessing AI to help risk and portfolio managers better understand data about their investments—while leaving them always in control of any resulting decisions.

Waters Wrap: When looking for tech & data jobs, be curious

Senior executives across the industry tell Anthony that while having the right technical skills as a programmer or data specialist is important, the most desired qualities in new hires are curiosity and the ability to ask good questions.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here