City launches new Digital ID framework against AI fraud Tech The City of London Corporation has unveiled plans for a new digital identity framework it claims could unlock more than £5bn for the UK economy, as policymakers and the financial sector race to tackle increasingly sophisticated AI-enabled fraud. A blueprint published on Tuesday proposes a “Digital Verification Orchestrator”, or DVO – a system set to [...]
Barclays and Lloyds join banking sector plan for digital ID Banking Barclays and Lloyds are among a group of top UK lenders working on a plan that would see customers able to use digital identification tools in their banking app. The collective of banks – which also includes HSBC, Nationwide, Natwest and Santander – are working with industry body UK Finance on a process where users’ [...]
Uber wants your journey on tape as safety concerns mount Tech Uber is turning passengers’ phones into in-car recording devices as the ride-hailing giant introduces a new feature allowing users to capture audio during journeys amid growing concerns around safety and identity verification. From Thursday, riders across the UK were able to press record before or during trips directly through the Uber app, with encrypted audio [...]
City of London and EY call for national digital ID March 27, 2025 The UK risks losing its position as a global financial hub unless it rapidly upgrades its digital verification infrastructure. A new study from EY and the City of London Corporation warned that delays in establishing a government-backed, scalable digital verification system (DVS) could cost the UK billions in economic benefits. Meanwhile, it is increasing businesses [...]