Digi.me is delighted to have been chosen as a finalist in the Citi Tech for Integrity Challenge, which is searching for innovative and workable solutions to key problems in the financial and governmental sectors.
Our bid, showcasing digi.me as a product that can help deal with challenges as diverse as corporate governance, anti-money laundering and identity validation, has now passed through two rounds and been shortlisted for a demo day in Dublin later this month.
Here, we will showcase a demo version showing multiple streams of data being uploaded to the app, with innovations addressing the specific ‘pain points’ being shared in presentation format.
These include using technology to analyse and identify patterns of fraudulent health insurance claims, and leveraging emerging technologies such as blockchain to create digital identities for the large population of people, such as refugees, who do not have legal identity papers.
Julian Ranger, digi.me Founder and Executive chairman, said: “Digi.me has always been a platform that will benefit both individual users and those that need to access consented data, and we know there are multiple and important use cases for it in society at large, over and above enabling the global population to take ownership of their own data.
“In these instances, it can enable much higher effectiveness and efficiency in distribution of services to people in distress. Respect of privacy between individuals and organisations is of utmost importance. With digi.me, users’ privacy is of the highest priority.”
At the demo day, digi.me will demonstrate how our product can be used to:
enable governments to efficiently and effectively identify refugees who have had to flee their home countries without identification papers. Their digi.me account is effectively an audit trail of their online life and therefore a way to identify both them and their circumstances, as well as reducing costs and waiting times for immigration departments.
enable insurance companies to reduce insurance fraud, with a knock-on effect of reducing insurance premiums for consumers
enable governments and NGOs to identify the correct individual recipient of any offered support, using their digi.me account to validate who they are and audit what was received. This method could be used for goods, vouchers or financial support whether beneficiaries are present or not.
Digi.me, which has focused largely to date on social media content, is undergoing a major update in the next few weeks which will see the ability to add financial and health data, with more categories of data becoming available over the next months. This update also sees the first public release of digi.me’s Consent Access capability which allows third parties to build apps requesting individual’s to share their data – five such apps are already in production.
The demo will be shown to judges including Colin Moreland, Citi’s Treasury and Trade Solutions Country Head, David Burrows, MD, Microsoft’s Intl Organizations, Ken Moore, Head of Mastercard Labs, and Yolande Piazza, Citi’s CEO of Consumer Fintech.