Select ID Ltd

Welcome to our November / December 2024 newsletter 🗞️ On behalf of Select ID Ltd we wish you a very merry Christmas and a Happy New Year! 🎄 2025 is set to be a game-changer! 🚀

Select ID Ltd has the great pleasure in announcing that our suite of Supporting Documentation is now ready and available on our Confluence site. We have produced the following documents that define the operational policies and rules for our ecosystem integrators:   1.         Identity Assurance Policy – the bridge document between DIATF/GPG45 and JMLSG Guidelines for using a Reusable ID with accompanying evidence for ID verification 2.         Supported Proofing Combinations – prescribed proofing combinations supported by Select ID that meet JMLSG guidelines 3.         Data Protection and Data Management Policy – ensuring users are informed about how their data is processed and stored 4.         UX Requirements – making sure users have a consistent and confident experience as they select a Reusable ID provider and confirm who they are 5.         Technical Requirements – ensuring secure consistent connection between Relying Parties and multiple ID providers using global open standards 6.         Security and Information Management - making sure ID providers have robust security controls to ensure data is protected at all times 7.         Commercial Procedures – Select ID’s approach to billing, pricing and fees 8.         Service Level Agreements - making sure ID Providers offer highly available services 9.         Operational Procedures - dealing with complaints, fraud issues and subject access requests, along with managing change 10.       Reports - performance monitoring across the ecosystem so Relying Parties can select the most suitable Reusable ID providers for their customers 11.       Business Resilience and Continuity - defining how Select ID's operation is uber-resilient with ensured recovery in the unlikely event of an issue 12.       Code of Conduct - to ensure Select ID’s partners operate in an ethical, inclusive and respectful manner 13.       Supplier Due Diligence – defining the process Select ID will undertake to ensure that ID providers meet the high bar for UK financial services 14.       Select ID Multiparty Services Agreement - Supporting Documents are brought together here for all the parties to sign up to.   We would like thank members of our Advisory Committees and our initial cohort of ID Providers and Relying Parties for assisting our work to develop our Supporting Documents, which enable ID providers to attest that they are fit for purpose for UK financial institutions.   If you are a UK-based fintech, bank, lender, building society or asset manager, then please speak to us to find out how we are making Reusable IDs the new onboarding channel that everyone is talking about! TISA UK Marie Austenaa Jason Turner Callum Flaherty Michael Forrest Matthew Povey Larry Banda MBA Carol Knight Nick Mothershaw

To round off our series of meet the Select ID Ltd team, we present to you our CEO, Nick Mothershaw. Nick is a global thought leader in the identity space and one of the few experts in the world that governments, foundations and institutions turn to if they have a question. His leadership at Select ID means that the market can trust in the sound principles, integrity and construct of the service. When Nick is not doing identity 'things' he will generally be writing scripts, creating stages, directing and participating in his amateur dramatics society! Here's why he decided to take the helm at Select ID: "I’ve been involved with Reusable Digital ID for over 15 years and truly believe in the benefits it can bring to both end users and service providers alike. Rapid trusted access to services is not just vital, it’s expected and possible. As Reusable ID gains momentum in the UK, consumers and businesses will swiftly embrace the duality of convenience and security it offers. Select ID will fulfil a vital role in the ecosystem, facilitating ID choice for consumers whilst allowing service providers to access an inclusive range of Reusable ID providers through a single contract and technical connection."

What do tech startups look for in a board chairman? 1) Deep understanding of tech business lifecycle phases, from startup through scale-up 2) Knowledge of VC / PE investment principles and sound investment cases which meet these requirements 3) Willingness to open their professional contact base to support management team development and network. Introducing you to Larry Banda MBA, Select ID Ltd's Executive Chairman and CEO of TISA UK Commercial Enterprise. Larry brings with him a wealth of experience and connections from his time in industry. Larry's outside interests also cover volunteering and speaking for the Common War Graves Commission and flying Spitfires (!). He has also been a die hard fan of Bruce Springsteen since the late 70’s. Here's what Larry has to say about Select ID: "I'm such an enthusiast about Select ID as it will make it easier for all to access financial services easily and quickly. It will do that through giving a broad choice of ID providers that best meets the needs of each consumer. Financial services firms will also benefit through higher online conversion rates and smoother customer journeys."

Great afternoon / evening out yesterday with Select ID Ltd family and friends! Big big things to come in the coming weeks before Xmas 🎅 and 2025! 🎇

Continuing Select ID Ltd's meet the team series, let us introduce you to Mark Little who is our Strategic Advisor for Policy and Due Diligence. Mark's MBA as well as his strategic experience at Lexis Nexis and GSMA has equipped him to lead the development of Select ID's suite of policy documents, which set the framework for how we perform due diligence on identity service providers within our network. You may not know that Mark is a keen artist who loves painting landscapes on canvas! We love that our team have all kinds of different interests and hobbies! “There are now nearly 50 digital Identity companies certified against the UK Digital Identity & Attributes Trust Framework, a growing number of these provide reusable identities for the consumer. In such a fragmented market with increasing threat vectors it will be imperative for the financial services industry to access platforms like Select ID that aggregate and establish a secure and efficient marketplace enabling consumers to easily register, verify and login to their pension, bank accounts, insurance, credit reference agencies and much more.”  

Select ID Ltd was delighted with breaking news over the weekend that the UK government is finally going to change alcohol legislation to permit for digital evidence of #ageverification. This has been a long time in coming and will drive #digitalID adoption in the UK. Some identity services will stand to hugely benefit from this sensible change to the law. Our friends at Age Check Certification Scheme believe that this measure alongside requirements from the Online Safety Act could result in around 360 million digital ID checks a year for UK-based adults who could be asked to prove their age for a retail transaction. Last week a poll for the Sunday Times of more than 8000 readers found that 93% supported the introduction of Digital IDs.

Continuing Select ID Ltd's meet the team series, let us introduce you to Mark Little who is our Strategic Advisor for Policy and Due Diligence. Mark's MBA as well as his strategic experience at Lexis Nexis and GSMA has equipped him to lead the development of Select ID's suite of policy documents, which set the framework for how we perform due diligence on identity service providers within our network. You may not know that Mark is a keen artist who loves painting landscapes on canvas! We love that our team have all kinds of different interests and hobbies! “There are now nearly 50 digital Identity companies certified against the UK Digital Identity & Attributes Trust Framework, a growing number of these provide reusable identities for the consumer. In such a fragmented market with increasing threat vectors it will be imperative for the financial services industry to access platforms like Select ID that aggregate and establish a secure and efficient marketplace enabling consumers to easily register, verify and login to their pension, bank accounts, insurance, credit reference agencies and much more.”  

As we continue Select ID Ltd's "Meet the Team" series, this week please be introduced to Bryn Richards. Bryn has worked in several Digital ID developer roles over the past few years and has made a good number of friends across the industry! Bryn's main area of focus is building a variety of different formats of the Select ID SDK, which allows our clients to easily integrate with the service and handle those all important "query/response" interactions. Bryn's technical work crucially allows our service to provide the package of evidence which supports the proofing of customer personal data, as a key requirement for UK AML regulations. Our first client recently fed back to us that it took them just an afternoon to integrate with the SDK! This speaks volumes to the great work that Bryn is delivering for us! Please join us in a warm round of applause for Bryn 👏 and please do get in touch with us if you want to learn more about our SDK and Bryn's work 🚀

5 good reasons why Select ID Ltd can help solve for your remote #KYC #onboarding considerations 🆔 💻 📱 Ladies 👩🦳 and gentlemen 👨🦱, we present to you our 5️⃣ Cs! Easy to remember so you don't forget! 🤓