Electronic Identity Verification in Singapore
Robust Regulatory Framework
- GDC covers over 85% of the Singaporean adult population. 85%
Singapore offers one of the most secure and stable operating environments for businesses in the region and the world.
The country is a vibrant and attractive destination for investments in services and research and development – particularly FinTech. This is evident in that most mobile financial services (MFS) account holders are mobile banking users. Due to the mobile infrastructure, the financial sector has expanded into other neighboring and fast-growing markets such as Malaysia and Indonesia, creating cross-border opportunities for the country. However, with the surge of mobile banking and cross-board commerce comes digital security concerns – everything from cyber-attacks to identity theft. The need for identity verification in this county is much needed and can help pave the way for Singapore to be the front runner of a cashless society – safely and securely.
Verifiable Data Elements in Singapore
Date of Birth
How Global Data Consortium Works
The GDC global identity verification platform integrates the best available data and verification intelligence curated from our dozens of in-country partners. Each partner maintains identity verification solutions in their home country, helping in-country clients solve a variety of business problems. They deliver the most reliable identity verification results because they speak the language, understand the regulatory environment, and offer local expertise.
Before joining the consortium, partners are required to go through a thorough vetting process, and their data must pass rigorous testing before it is released to GDC customers. But once they qualify to participate, they are our true partners and a big part of the GDC difference.