Top Stories
Datakeeper launches digital identity wallet to improve customer experience for data sharing
Published by Jessica Weisman-Pitts
Posted on November 15, 2021
Global Banking and Finance Review
Company
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Jessica Weisman-Pitts
Posted on November 15, 2021
November, 2021: Datakeeper, a tech start-up powered by Rabobank, worked with Mobiquity to develop and launch a personal identity wallet app to improve the customer experience of purchasing and registering for products and services securely, while providing customers with full control over their personal data.
The app facilitates identification, data sharing and electronic signing in a safe, fast and secure process. The result is a digital identity solution in which validated data, such as identity and income, are safely and decentrally stored on a user’s own mobile device and nowhere else, eliminating the need to carry additional documents. The app provides users with full control, allowing them to easily share selected data with the parties they trust, minimizing the data being shared and therefore satisfying GDPR compliance. By using the app, consumers will be able to rent a car or apply for a mortgage through displaying a QR code linked to the identity wallet, giving them peace of mind that their data is being shared and stored securely.
Datakeeper also helps financial services companies and other industry sectors to save time and reduce costs through eliminating manual checks of documents and data. As all the data received by the company has already been validated, the buying journey is accelerated and customer experience optimised.
Commenting on the launch, David Lamers, Chief Product Owner, Datakeeper said: ‘’The potential market for privacy friendly data sharing and identity wallets is huge. Within two years, an identity wallet will be the common way to share a digital identity and personal information. Datakeeper has been a thought leader in the market for a few years now and we want to become a major player. We care about the privacy of our customers.’’
Gregor van Waning, Strategy Director, Mobiquity said: ‘’Datakeeper is a game changer for both consumers and organizations. It will change for the better the way consumers and organizations interact in all kinds of customer journeys in our society.’’
Prof Sally Eaves, Chair of Cyber Trust, Global Foundation of Cyber Studies said: “I believe today’s announcement represents a significant milestone in personal identity protection and heralds the rise of the identity wallet as the typical way to share digital identity and personal information within the next 24 months. And the why? Because trust is now the most valuable currency of our time. And when it comes to trust in data, from government to business, and from citizen to consumer alike, perspectives and expectations have rapidly evolved after a sustained period of digital acceleration and technological convergence right across the globe. And whilst data volumes have significantly increased this has also created data paradoxes where that data has either not been fully optimised to serve maximum value, nor been adequately protected when shared or stored. This has led to well publicised cybersecurity breaches and understandably heightened concerns around security, privacy and compliance, creating critical trust gaps alongside complexity in management too. This raises the critical question – whose data is it anyway?
“The European Digital Identity framework provides an indicator of the extent of the shift in the answer, seeking to put control firmly back in the data owners’ hands and optimise the experience and safety of data exchange. It proposes the enablement of individuals and organisations to link national digital identities with passports, drivers licenses or other forms of identification, whilst eliminating revealing any personal information that is irrelevant to the specific transaction or task at hand, from renting a car to opening a bank account.
“Datakeeper’s Digital Wallet app responds directly to this critical need – making your phone an identity provider that stores a verifiable record of yourself to facilitate a secure, fast and safe process of identification, data sharing and electronic signing, allowing people to fully authenticate their digital identity through their very own smartphones. With consumers hugely familiar with mobile phone use, this affords a strong security platform to enable a natural, seamless and user friendly experience, without creating additional points of friction, thereby affording security, integration and control by design. I believe personal, decentralized, or self-sovereign identity represents a transformational innovation leap and this is a timely example of leadership in this space that can afford shared value benefits for customers, governments and social organisations alike.”
ABOUT DATAKEEPER
Designed and created as part of Rabobank’s innovation hub, Datakeeper is a digital identity wallet, which can be stored on a consumer’s mobile device, eliminating the need to carry further documents. It has been designed to provide customers with a safe, fast and secure means of storing and sharing personal data while enabling organizations to receive the necessary data from their customers or employees in an efficient manner. Users can share their personal data via a QR code linked to the Datakeeper app, enabling them to rent a car, apply for a mortgage or rent a house with ease. Following three years of intense technical and UX research at Rabobank, the launch of Datakeeper is a milestone in the story of decentralised data sharing and identity wallet ecosystem.
ABOUT MOBIQUITY
Mobiquity is a full-service digital transformation enabler that delivers compelling digital products and services that serve a purpose, by blending strategy, creative and engineering. We apply a sector agnostic approach to human centered innovation applied with in-depth industry in expertise.
Founded in 2011 with a focus on mobile technology solutions, Mobiquity has adapted to client needs across 9 different geographical locations, providing end-to-end omnichannel digital services to leading B2B and B2C brands.
Mobiquity’s global team of 1,000+ employees serves over 100 million users every day. The company takes shared ownership and accountability throughout the entire client’s project life cycle, enabling digital transformation success.
ABOUT RABOBANK
Rabobank is a multinational banking and financial services company with its headquarters in the Netherlands. The cooperative bank was founded in 1895 rooted in the agrarian sector and now services customers worldwide. It has also cultivated a global reputation as one of the safest banks in the world, according to Global Finance, ranking 25th.
Today, Rabobank is the second largest bank in the Netherlands in terms of assets and aims to grow its presence in the UK following the pandemic. It is a mission-driven company with projects focusing on future-proofing society, overcoming important social challenges and growing a better world together through the use of technology. These range from making a more sustainable way to feed the planet, a more inclusive society and responding to climate change.
Produced in association with Datakeeper
November, 2021: Datakeeper, a tech start-up powered by Rabobank, worked with Mobiquity to develop and launch a personal identity wallet app to improve the customer experience of purchasing and registering for products and services securely, while providing customers with full control over their personal data.
The app facilitates identification, data sharing and electronic signing in a safe, fast and secure process. The result is a digital identity solution in which validated data, such as identity and income, are safely and decentrally stored on a user’s own mobile device and nowhere else, eliminating the need to carry additional documents. The app provides users with full control, allowing them to easily share selected data with the parties they trust, minimizing the data being shared and therefore satisfying GDPR compliance. By using the app, consumers will be able to rent a car or apply for a mortgage through displaying a QR code linked to the identity wallet, giving them peace of mind that their data is being shared and stored securely.
Datakeeper also helps financial services companies and other industry sectors to save time and reduce costs through eliminating manual checks of documents and data. As all the data received by the company has already been validated, the buying journey is accelerated and customer experience optimised.
Commenting on the launch, David Lamers, Chief Product Owner, Datakeeper said: ‘’The potential market for privacy friendly data sharing and identity wallets is huge. Within two years, an identity wallet will be the common way to share a digital identity and personal information. Datakeeper has been a thought leader in the market for a few years now and we want to become a major player. We care about the privacy of our customers.’’
Gregor van Waning, Strategy Director, Mobiquity said: ‘’Datakeeper is a game changer for both consumers and organizations. It will change for the better the way consumers and organizations interact in all kinds of customer journeys in our society.’’
Prof Sally Eaves, Chair of Cyber Trust, Global Foundation of Cyber Studies said: “I believe today’s announcement represents a significant milestone in personal identity protection and heralds the rise of the identity wallet as the typical way to share digital identity and personal information within the next 24 months. And the why? Because trust is now the most valuable currency of our time. And when it comes to trust in data, from government to business, and from citizen to consumer alike, perspectives and expectations have rapidly evolved after a sustained period of digital acceleration and technological convergence right across the globe. And whilst data volumes have significantly increased this has also created data paradoxes where that data has either not been fully optimised to serve maximum value, nor been adequately protected when shared or stored. This has led to well publicised cybersecurity breaches and understandably heightened concerns around security, privacy and compliance, creating critical trust gaps alongside complexity in management too. This raises the critical question – whose data is it anyway?
“The European Digital Identity framework provides an indicator of the extent of the shift in the answer, seeking to put control firmly back in the data owners’ hands and optimise the experience and safety of data exchange. It proposes the enablement of individuals and organisations to link national digital identities with passports, drivers licenses or other forms of identification, whilst eliminating revealing any personal information that is irrelevant to the specific transaction or task at hand, from renting a car to opening a bank account.
“Datakeeper’s Digital Wallet app responds directly to this critical need – making your phone an identity provider that stores a verifiable record of yourself to facilitate a secure, fast and safe process of identification, data sharing and electronic signing, allowing people to fully authenticate their digital identity through their very own smartphones. With consumers hugely familiar with mobile phone use, this affords a strong security platform to enable a natural, seamless and user friendly experience, without creating additional points of friction, thereby affording security, integration and control by design. I believe personal, decentralized, or self-sovereign identity represents a transformational innovation leap and this is a timely example of leadership in this space that can afford shared value benefits for customers, governments and social organisations alike.”
ABOUT DATAKEEPER
Designed and created as part of Rabobank’s innovation hub, Datakeeper is a digital identity wallet, which can be stored on a consumer’s mobile device, eliminating the need to carry further documents. It has been designed to provide customers with a safe, fast and secure means of storing and sharing personal data while enabling organizations to receive the necessary data from their customers or employees in an efficient manner. Users can share their personal data via a QR code linked to the Datakeeper app, enabling them to rent a car, apply for a mortgage or rent a house with ease. Following three years of intense technical and UX research at Rabobank, the launch of Datakeeper is a milestone in the story of decentralised data sharing and identity wallet ecosystem.
ABOUT MOBIQUITY
Mobiquity is a full-service digital transformation enabler that delivers compelling digital products and services that serve a purpose, by blending strategy, creative and engineering. We apply a sector agnostic approach to human centered innovation applied with in-depth industry in expertise.
Founded in 2011 with a focus on mobile technology solutions, Mobiquity has adapted to client needs across 9 different geographical locations, providing end-to-end omnichannel digital services to leading B2B and B2C brands.
Mobiquity’s global team of 1,000+ employees serves over 100 million users every day. The company takes shared ownership and accountability throughout the entire client’s project life cycle, enabling digital transformation success.
ABOUT RABOBANK
Rabobank is a multinational banking and financial services company with its headquarters in the Netherlands. The cooperative bank was founded in 1895 rooted in the agrarian sector and now services customers worldwide. It has also cultivated a global reputation as one of the safest banks in the world, according to Global Finance, ranking 25th.
Today, Rabobank is the second largest bank in the Netherlands in terms of assets and aims to grow its presence in the UK following the pandemic. It is a mission-driven company with projects focusing on future-proofing society, overcoming important social challenges and growing a better world together through the use of technology. These range from making a more sustainable way to feed the planet, a more inclusive society and responding to climate change.
Produced in association with Datakeeper