SQR is proud to announce its pivotal role in a strategic partnership with Select ID, alongside ShareRing (Australia) and Luciditi (UK), aimed at establishing the UK’s premier Reusable Digital ID Network for financial services and compliance-driven sectors.
This collaboration unites four leading digital identity innovators, each committed to enhancing trust, security, and efficiency in UK identity verification, while significantly improving customer onboarding experiences. SQR’s focus on tokenised ID verification brings a crucial element of seamless, reusable security to this initiative.
This multi-party partnership addresses the escalating demand for secure, user-centric Reusable IDs in the UK, with financial services positioned as the primary catalyst for widespread adoption. The initiative aligns with the UK Government’s Digital Identity and Attribute Trust Framework, aiming to streamline customer onboarding for financial institutions, and empower individuals with greater control over their personal data through a choice of Reusable ID providers.
“This partnership marks a pivotal moment in the UK’s digital transformation. We are not just building a network; we are building trust. At the core of this trust is SQR’s tokenised ID proofing, which enables seamless, repeatable checks. By working together, to stringent high standards, we can pave the way for a more secure, efficient and inclusive digital future,” states Shelley Langan-Newton, CEO of SQR.
SQR’s Reusable ID verification solution eliminates the need for repetitive KYC checks, boosting efficiency while maintaining stringent security and inclusivity standards. Through ongoing monitoring, fraud prevention, AML, PEPs and sanctions checks, SQR ensures continuous risk mitigation for participating organisations.
“The launch of the Select ID Network will enable UK financial services and other sectors to access reusable Digital ID providers through a single contract and technical connection. Acceptors of ID information can now come to one place to access a wide range of inclusive ID proofing methods and ready-to-go reusable IDs through our partner ID Providers, improving customer experience and success rates” says Nick Mothershaw, CEO of Select ID.
- SelectID Network: Facilitates access to diverse Reusable Digital ID providers through a single contract and technical connection, enhancing customer experience and onboarding success.
- Cross-Sector Interoperability: Aims to support seamless identity verification across various sectors under the UK Government’s Digital Identity and Attribute Trust Framework.
- Enhanced Customer Control: Empowers individuals with a choice of Reusable ID providers, granting them greater control over their personal data.
- Regulatory Alignment: Ensures all participating providers meet stringent UK regulatory requirements for KYC and AML.
