GDC was founded on the relationships they built with data providers all over the globe. The added air of trust and connection makes working towards the common goal of trustworthy, accessible digital identity is that much easier.
The identity verification making is expected to reach $21.9 billion by 2026 and GDC is ready to roll with the big dogs in the space. In an effort to continue to grow and deliver promising electronic identity and business verification solutions, GDC looks back to one of their core values to guide them: relationship building.
Progress Stems from Cross-Organizational Conversation
GDC partnered with experts from the Business Information Industry Association (BIIA), World Bank, and GBG and discussed the G20’s plans to enhance the cross-border payments experience for end-users in the webinar, The Power of Remittances and How to Keep Them Flowing on October 7th.
The global remittance market, valued at $689 billion in 2018, is projected to reach $930 billion by 2026, driven by the entry of new fintech payment service providers. But challenges like high costs, low speed, limited access, and insufficient transparency in emerging and developing economies in the Asia Pacific, Africa, and South America are hindering its progress.
To address these challenges, the G20 has tasked the Financial Stability Board (FSB) to develop an action plan involving a wide range of stakeholders, including the World Bank. The road map that has been developed highlights the need to work with the private sector to achieve tangible improvements in payment arrangements.
Moderator and Host
Neil Munroe, Deputy Managing Director, BIIA and Deputy Chair, International Committee on Credit Reporting (ICCR)
Neil is currently Deputy Managing Director of the Business Information Industry Association (BIIA), which is registered in Hong Kong and whose membership consists of over 70 information companies.
Neil is also a founding member of the International Committee on Credit Reporting (ICCR) that is hosted by the World Bank and was personally involved in the creation of the World Bank Principles of Credit Reporting, the recognized standards for the industry. He was elected Deputy Chair in November 2019.
Fredesvinda Montes, Senior Financial Sector Specialist, World Bank Group
Fredes Montes is Senior Financial Specialist at the World Bank’s Payment System Development Group. She has supported policy reforms in more than 40 projects worldwide involving the development or enhancement of financial infrastructure, financial consumer protection, digital identification, data protection, privacy and cybersecurity. She also co-chairs the Financial Inclusion Global Initiative (FIGI) working group on Cybersecurity for Financial Infrastructure and the FIGI working group on Digital Identity.
Francesco Di Salvo, Senior Financial Sector Specialist, World Bank
Francesco Di Salvo is a Senior Financial Sector Specialist at the World Bank’s Payment System Development Group. He joined the World Bank in 2020. He performs technical assistance to governments and central banks to support policy reforms and implementations on a series of thematic areas related to the financial systems: regulatory and policy frameworks, payment systems development, innovation, digital identity, financial inclusion, government payments, and international remittances.
Gus Tomlinson, General Manager of Identity Fraud, GBG
Gus has been with GBG for five years, with a key focus on outlining and delivering strategies to ensure the group driving its products forward in key markets. As General Manager of Identity Fraud, Gus has a deep understanding of GBG’s Identity and Fraud portfolio and the Onboarding and Authentication markets globally.
Gus is passionate about how data and technology can enable safe commerce online, particularly at how organizations should strive to combine technology to ensure that every identity has an equal and fair access to goods and services.
David Francis, Data Partner Manager, Global Data Consortium
David Francis is the Data Partner Manager at the Global Data Consortium. He was the founder and CEO of Ozanam Strategic Insights, which he established in 2018. From 2014 to 2017, he was a senior reporter at Foreign Policy where he covered international economics and trade. A winner of numerous awards and fellowships, Francis has reported on militant movements in Nigeria, Islamic terrorism in Kenya, European politics from Berlin, the war on drugs in Mexico and the war in Afghanistan. His work has appeared in Slate, the Christian Science Monitor, Financial Times Germany, Sports Illustrated and the Atlantic, among other outlets. He is also an adjunct professor at the University of North Carolina at Chapel Hill.