According to @MobeyForum's Digital Identity Expert Group, banks have a unique opportunity to "offer value-added digital identity services and become brokers of trust in the digital economy.” How? By issuing Verifiable Credentials. https://www.crowdfundinsider.com/2023/02/201978-banking-institutions-should-secure-role-in-digital-identity-report/ According to Kevin Faragher, Co-Chair of the Expert Group: "issuing digital identity wallets will enable banks to better meet customers’ needs, stay relevant in their lives, and remove identity related pain points" How can Verifiable Credentials help? VCs are fraud-proof and instantly verifiable digital credentials. They provide a secure and private way to verify users' identities and can be used to share information in a trusted manner. The use of Verifiable Credentials can help the banking industry provide better customer experiences, improve security, and reduce the risk and costs associated with traditional identity verification processes. We believe that adopting Verifiable Credentials is a matter of time as they create a more secure and trustworthy digital identity ecosystem, providing instant user verification and privacy at its core. Learn more about Verifiable Credentials: https://www.dock.io/post/verifiable-credentials