Digital Identity Services Workshop Announced

FinCEN will host a special virtual FinCEN Innovation Hours Program on Oct. 14, 2021, focusing on the important role of digital identity to enhance financial services inclusion while supporting efforts to counter illicit activity that undermines the integrity and opportunity of the US financial system.

FinCEN encourages participation by companies developing technologies, solutions, or partnerships supporting the broad adoption of digital identity for multiple purposes within the financial services industry. This could include FinTech and RegTech companies, venture capital firms, financial institutions, and others.

FinCEN requests demonstrations highlighting how the digital identity solutions work and would be used in practice, as well as how they may support private- and public-sector efforts to enhance financial integrity and financial inclusion while protecting personal privacy. Each meeting will last no longer than an hour.

Interested companies should submit a request online no later than Sept. 24, 2021, and provide applicable background information about their firm’s business and innovative products. The number of individual demonstration sessions will depend on available time and the number of participants.