Data Privacy’s Julian Ranger featured in article on the future of digital identity

Julian Ranger,’s founder and Executive Chairman, has been featured in a recent edition of Luxembourg for Finance’s Leo Magazine, following a speaking slot at the Fintech Luxembourg event in March

In the text below, taken from the article, he outlines how he sees the emerging identity landscape developing and evolving in the future:

“We have always been multi-dimensional,” says digital identity entrepreneur Julian Ranger, whose vision is to rethink the data value exchange.

“The question is, are our financial services able to support that multi-dimensionality and work for me across all of those dimensions?”

How secure is data in your own hands?

Ranger is Chairman and Founder of, an app which lets you gather all your data together privately. It then enables you to share it with businesses, in return for value which might be a service, for convenience or a reward. This is called the Internet of Me, where you are at the centre of your digital life, owning and controlling your data.

“If you consider identity not to be just identification of data, but all the things that I do, then it’s a holistic through-life process, and you should be using digital identity by engaging directly with me and looking at me across all aspects of my life.

“Then you as a bank and then financial institution can help me in all my life decisions. It’s really about how you can get closer to me, know me better in a way that helps me, and gets a deeper level of engagement.”

Historically, financial institutions have been trying to obtain information about us and our activity through our records and what we might be able to buy and acquire from others.

Ranger predicts the future will be how much you engage directly with me and therefore know more about me.

“The change that is coming is that individuals will own their data so that you will see with PSD2, the second Payment Services Directive,which breaks down the bank’s monopoly on their user’s data, the ability for a person to move from one entity to another.

“But actually it can move from one entity back to the individual and then the individual can choose to share it, and you can go directly to the individual, to get what we would call “richer data”, because it’s not just financial data you can now ask for, you will ask for health data, purchase data, intent, where people have been and get a much better idea.”