Reducing Fraud with BankID and Verifiable
Credentials
This is not a paper just for Banks. Nowadays there is a significant investment in the Know Your Customer (KYC) processes to build trusted customer relationships. Once customers are poofed, an identity record is created in a central directory. Banks then rely on authentication methods that vary in quality and strenght, usually in the form of multi-factor authentication, to interact with the same user.
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