Portabl: The state of open banking, regulations, and the intersection of SSI and KYC – Nate Soffio – Webinar 66
Complying with Know Your Customer and Anti Money Laundering regulations is hugely complicated and expensive for financial institutions, and burdensome for their customers. Nate Soffio, Co-Founder and CEO of Portabl, believes that the solution lies in secure, interoperable data – enabled by verifiable credentials. In this webinar, he explains why it is such a thorny problem, how open banking needs to evolve to more of a “tap to prove” model as organizations increasingly need continuous identity assurance, and why despite describing the task as “playing SSI on ‘hard mode’”, he believes building a “compound startup” is the best way to get the job done.
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