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