UK Banks Complete Proof-of-Concept for Digital Identity Verification Scheme

Major UK banks have completed proof-of-concept testing on a voluntary digital identity verification service, aiming to streamline remote KYC processes. The initiative leverages open banking data and mirrors successful models in Sweden and Norway.

By GlobalData Sun, June 28, 2026 at 5:09 PM GMT+3 7 min read · Yahoo Finance · June 28, 2026, 14:09 UTC

UK Banks Complete Proof-of-Concept for Digital Identity Verification Scheme

Topics: banking innovation digital identity verification KYC open banking

Read the full article at Yahoo Finance

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