Conclusion
Digital Identity Networks:
Building a Global Ecosystem of
Trust in a Digital Economy
Digital identity networks take the place of the
internet’s missing identity layer. These ecosystems
of tools, services and data sources help businesses
successfully navigate the changing dynamics of a
global economy. As the networks adapt to address
emerging fraud risks or new regulations, the business
adapts too. As the networks expand their identity
capabilities with new tools and data sources, the
business expands too.
With digital identity networks, it’s easier for global
companies to take a holistic view of their identity risks
and use multi-layered verification to validate a user,
whether that’s with a government ID or a registered
mobile phone in the individual’s name. In this way,
digital identity networks provide the assurance that
businesses require to safely expand into emerging
markets. These networks are also the great equalizer,
enabling consumers from all walks of life to enjoy the
benefits of a digital economy — which is perhaps the
greatest benefit of all.
The internet is incomplete. Without the critical identity
layer needed to build trust online, global businesses
struggle with risk on all fronts: fraud, regulatory
compliance, digital access and user demands for a
frictionless experience. Compounding these risks is the
ever-changing nature of identity.
Traditional identity solutions are also incomplete. For
the most part, they are single-point tools targeted at
one or two use cases, such as customer onboarding. As
a result, they fail to answer the call for a digital identity
solution that can:
• Support transactions that are increasing in volume
and complexity
• Provide seamless service delivery across all channels
• Meet regulatory requirements
• Withstand sophisticated digital attacks
08
Trulioo — White Paper