Digital verification

The UK's offer

  • Capital invested in the UK in the DV market is surging, from £7.72m in 2014 to £114.7m in 2023, a 1386% increase.
  • Plans to create a scalable digital verification service (DVS).
  • Successful implementation of a DVS could unlock up to £4.8bn in economic value, boost security, reduce fraud, and streamline financial services.
  • The Data Use and Access Act enables key developments in the UK's competitiveness including digital verification services.

Securing the UK digital economy

The City of London is driving innovation in digital verification — supporting the next generation of identity infrastructure to support secure, real-time authentication across industries.

As AI, blockchain, and privacy-enhancing technologies converge, digital verification is unlocking new models for financial services, cross-border commerce, and digital ecosystems.

The UK's global fintech leadership makes it a prime location for scaling solutions that will underpin the digital economy of the future.

 

A secure DVS could unlock £1.8bn in economic value by 2031

City of London analysis of international markets shows that we could expect customer adoption of 40 to 90%

Stronger verification measures could reduce fraud losses by at least £3bn.

Download the report

Securing growth: the digital verification opportunity

Securing growth: the digital verification opportunity

The economic rationale for enhanced digital verification

Scaling digital verification solutions

Scaling digital verification solutions

CFIT's blueprint adopting digital company ID in the UK

Fighting economic crime through digital verification

Fighting economic crime through digital verification

Fintech

Fintech

Cyber security

Cyber security

RegTech

RegTech