As financial services continue to evolve, digital identity has moved beyond a supporting role to become a critical enabler of a modern, resilient sector. Digital verification is playing a central role as firms increasingly turn to technology to meet rising customer expectations, combat financial crime and adapt to regulatory change. From fraud prevention and streamlined AML compliance to faster, safer and more inclusive customer journeys, embedding trusted digital identity across the financial ecosystem will be essential to maintaining the UK’s position as a leading global financial centre.

With an estimated 40% of global illicit financial flow passing through the City of London and the Crown Dependencies, the potential impact of stronger fraud prevention in the UK is significant. The digital identity and verification sector is both capable and ready to support this effort. Research identifies 239 UK-based digital ID companies,  85% of which are engaged with customers within financial and professional services. This demonstrates not only market maturity, but a synergistic opportunity between digital identity solutions and the sectors most exposed to financial crime.

Now is not the time for incremental progress. The UK has the foundations in place for greater adoption. Policymakers and industry must act together to embed digital identity at the heart of financial services- moving decisively from capability to widespread adoption.

Clear regulatory language, timelines, and a shared long-term vision can unlock sector-specific use cases across AML compliance, customer onboarding, and fraud prevention, giving firms the confidence to invest and scale.

Join techUK as we bring together regulators, policymakers, and industry leaders from across digital identity and financial services to identify the barriers to adoption, align on priorities, and set out the practical steps needed to deliver a more secure, efficient, and trusted financial ecosystem.

Insights from this roundtable will inform a techUK briefing to regulators and government departments, setting out where greater clarity, coordination and targeted policy intervention are needed to embed digital identity more fully across financial services.

We’ll explore:

  • What real world benefits are digital ID providing financial services today? And how does adoption look in practice?
  • Where do solutions currently exist, which are not being fully capitalised upon?
  • What policy barriers currently exist, preventing greater adoption?
  • Why has adoption remained patchy despite mature technology and clear fraud risks?
  • Should digital ID be an explicit priority within existing regulatory roadmaps- and if so, where?

Agenda 

10:30

techUK Intro

10:35

Keynote 1: Office for Digital Identities and Attributes | DSIT

10:45

Keynote 2: Financial Conduct Authority

11:00

Roundtable: How can we drive further adoption of digital identity across financial services

12:00

Networking

 


Elis Thomas

Elis Thomas

Programme Manager, Tech and Innovation, techUK

Digital Identity  programme activities

Digital identities will provide a gateway for citizens and SMEs into the digital economy. techUK members demonstrate the benefits of digital identity to emerging markets, raise their profile as thought leaders, influence policy outcomes, and strengthen their relationships with potential clients and decision-makers. Visit the programme page here.

 

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Meet the team 

Sue Daley OBE

Sue Daley OBE

Director, Technology and Innovation

Laura Foster

Laura Foster

Associate Director - Technology and Innovation, techUK

Elis Thomas

Elis Thomas

Programme Manager, Tech and Innovation, techUK