GAIN Digital Trust

I am very excited!
Together with more than 150 #digital #identity experts we have launched the #GAIN digital trust #whitepaper at the European Identity and Cloud Conference. #EIC2021
Download now!

How Financial Institutions are taking a leadership role in the Digital Economy by establishing a Global Assured Identity Network

by 150+ digital identity experts (list see below)

The lack of verified #Digital #Identity presents an urgent problem and a meaningful opportunity for society. There are substantive risks to unfettered anonymity, ranging from the spread of misinformation to the enablement of criminal markets.(1) Meanwhile, to engage in the digital economy, individuals disclose myriad private data, including biometrics, with organizations that may sell, misuse, or lose it.(2) Yet, digital engagement is a key driver of economic growth - and inclusive participation requires access to high-trust identity verification services.(3) The 150+ authors of this paper propose a shift towards a user-centric and high-trust identity paradigm: the Global Assured Identity Network (GAIN). Instead of logging in directly, an EndUser asks a trusted and regulated provider (e.g., their bank, telecommunications provider, or another regulated entity) to verify that they are the person and/or have the credentials that they claim. Rather than managing over 100 passwords,(4) people will bring their identities with them and exercise greater control over data about them. This high-trust identity assurance, therefore, introduces an accountability layer to the internet even as it increases privacy and security.

Financial Institutions taking a lead in Digital Identity

This paper is directed at the leaders of Financial Institutions and is intended to catalyse a collaborative effort to develop the GAIN. Taking such action plays into core strengths, puts capital-hungry assets to work, and staves off disintermediating threats. Financial Institutions have done this before: they built global rails for trade, cards, digital payments, and securities. Similarly, institutions whose leaders recognise that Digital Identity is a critical frontier for the global economy will drive this transformation. Underpinned by broad collaboration and strong principles, such as those put forward by the World Economic Forum,(5) it paves the way for greater inclusivity and access - even for today’s unbanked populations. The knowledge, skills, and technology exist to deliver the GAIN: it is now a matter of those with high-trust identity data - starting with Financial Institutions - joining together to unite disparate schemes and achieve the global reach required to underpin a truly digital economy.


Download the full whitepaper:


Join the GAIN Proof-of-Concept which will be shared at the 2021 IIF Annual Membership Meeting on 14 October in Washington, DC Under the auspices of: Cloud Signature Consortium Global Legal Entity Identifier Foundation Institute of International Finance Open Identity Exchange OpenID Foundation.

Please contact to register interest.

The Contributors

Phil Allen, Peter Amrhyn, Daniel Babatola Awe, Fred Bär, Simone Baldini, Donna Beatty, Yoram Bechler, Waleed Beitar, Erik Belluci Tedeschi, Vittorio Bertocci, Wayne Blacklock, Rod Boothby, Gijs Boudewijn, Andre Boysen, John Broxis, Kim Cameron, Don Cardinal, Peter Carroll, Daniele Citterio, Malcolm Clarke, Adam Cooper, Arthur Cousins, Arthur Dallau, Cameron D’Ambrosi, Scott David, Thibault de Valroger, Thomas Dübendorfer, Andrei Dumitru, Vladimir Dzhuvinov, Thomas Egner, David Fennell, Daniel Fett, Alexis Fruchaud, Elizabeth Garber, Dominik Goergen, Daniel Goldscheider, Will Wang Graylin, James Greaves, Mark Haine, Gerard Hartsink, Mehraj Hassan, Joseph Heenan, Ben Helps, Bjorn Hjelm, Johs. Hoehener, Jens Holeczek, Carl Hössner, Martin Ingram, Ashish Jain, Vincent Jansen, Travis Jarae, Michael Jünemann, Marco Kaiser, Peter Kirkwood, Remy Knecht, Valentin Knobloch, Delia König, Martin Kuppinger, Oliver Lauer, Rob Laurence, Gottfried Leibbrandt, Jörg Lenz, Johannes Leser, Emma Lindley, Gavin Littlejohn, Torsten Lodderstedt, Tobias Looker, Bianca Lopes, Douwe Lycklama, Maciej Machulak, Anil Mahalaha, Eve Maler, Piet Mallekoote, Viky Manaila, Juan Martinez-Compan, Masa Mashita, Tony McLaughlin, Patrick Harding, Simon Moffatt, Marcus Mosen, Nick Mothershaw, Hiroshi Nakatake, Axel Nennker, Michael Palage, Dima Postnikov, Dan Puterbaugh, David Rennie, Victoria Richardson, Andrea Röck, Timothy Ruff, Nat Sakimura, Michael Salmony, Samuel Scheidegger, Frank Schlein, Rachelle Sellung, Sahil Shah, Somnath Shukla, Jesper Skagerberg, Tom Smedinghoff, Gabriel Steele, Frank R. Svendsen, Franco Tafini, Taavi Tamkivi, Antonio Taurisano, Oliver Terbu, Don Thibeau, Nick Thomas, Andreas Toelke, Bob Trojan, Pagona Tsormpatzoudi, Paiak Vaid, Andrea Valle, Francesco Vetrano, Jürgen von der Lehr, Liz Votaw, Marie Walker, Charles Walton, Steffo Weber, Edgar Whitley, Johannes Wirtz, Stephan Wolf, Dirk Woywod, Sudhindra Yapalparvi


1) European Monitoring Centre for Drugs and Drug Addiction (2016), The internet and drug markets, EMCDDA Insights 21, Publications Office of the European Union, Luxembourg

2) Burt, A. (2019) Privacy and Cybersecurity are Converging: Here’s why that matters for people and companies. Harvard Business Review

3) McKinsey Global Institute (2019) Digital identification: A key to inclusive growth. [Accessed 12 July 2021] digital%20identification%20a%20key%20to%20inclusive%20growth/mgi-digital-identification-report.pdf

4) Spadafora, A. (2020) Struggling with password overload? You're not alone

5) World Economic Forum (2018) Identity in a Digital World: A new chapter in the social contract. [Accessed September 8 2021]