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Kristian T. Sørensen

Engineering Manager at Facebook

Kristian T. Sørensen is a prominent figure in the financial services industry, renowned for his expertise in fintech. With a distinguished career, he has established himself as a thought leader in the sector and has been a sought-after speaker at conferences globally. Kristian has been recognized by various prestigious organizations, including Fintech.Finance, Rise Global, Planet Compliance, and Instech London, solidifying his position as a key influencer in the fintech realm.

Highlights

Sep 4 · linkedin

As a good friend has been saying for years that "Identity is the new money" - and realising that he was right and that eID is the key to all digitisation endeavors as well as a digital asset in its own right, why not play an active role in ensuring that digitisation is done right and made available to everyone? (right, David Birch?)

With this goal in mind, I’m happy to share that I, over the summer, have transitioned to a new position as Head of Product, at Nets eID Solutions (soon to be part of IN Groupe).

I am joining a strong team of leaders: Jens-Jakob Lykke Larsen, Kjeld Lynge Hansen, Karin Markmann Bentsen, Klaus Sejr Madsen, Roland Eichenauer and Karen Hyldegaard - thank you all, for the warm welcome to the leadership team.

The Product Organisation that I am now leading consists of an amazing group of talented people and together with my elite group of Product and Project Managers: Camilla Dahle, Anne Steuch, Sebastien Graux and Jan Kjærsgaard, and their teams, I look forward to delivering the next generation of eID solutions to citizens, companies and governments across the globe.

Jul 11 · linkedin

Fintech needs digital identity to deliver on its promise of financial inclusion!

I just read this interesting working paper by Serhan Cevik from the International Monetary Fund (IMF). It is based on a study of the impact of fintech on financial inclusion across 84 countries, which shows some surprising (and somewhat uncomfortable) findings:

  1. Digital lending has shown a significant negative impact on financial inclusion.

  2. The overall impact of fintech on financial inclusion remains statistically insignificant globally, yet it shows promise in developing countries with a positive and significant effect.

  3. Persistent exclusion of marginalised groups due to cultural, institutional, and socioeconomic barriers.

While these are very important findings that need to be addressed in the financial inclusion agenda, the paper misses a crucial component: Digital Identity.

A robust digital identity infrastructure is perhaps the most vital enabler of financial inclusion. It is a prerequisite to effectively deploying fintech solutions at scale while ensuring user protection and compliance with AML (Anti-Money Laundering) and KYC (Know Your Customer) regulations.

Benefits of digital identity:

  • Simplifies verification and onboarding processes
  • Reduces fraud and associated risks
  • Includes marginalised groups by providing a standardised form of identification
  • Facilitates remote access to financial services, especially in rural areas

Let's recognise the transformative potential of digital identity in achieving true financial inclusion. By integrating digital identity solutions, we can ensure that fintech innovations reach everyone, protecting users and safeguarding our societies.

#Fintech #FinancialInclusion #DigitalIdentity #eID #Digitisation

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Kristian T. Sørensen
Kristian T. Sørensen, photo 1
Kristian T. Sørensen, photo 2
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Experience

Engineering Manager at Facebook
Company: Meta, Location: Greater New York City Area

Location

Copenhagen Metropolitan Area