Breaking News
NayaOne is awarded the DSIT tender to deliver the UK’s Digital Identity Sandbox
The Department for Science, Innovation and Technology is responsible for developing the policy and legislation to enable the widespread working to enable the use of reusable, interoperable digital identity solutions in the UK economy where consumers choose to use them. This includes the delivery of the UK digital identity and attributes trust framework, a set of rules and standards for what a ‘good’ digital identity looks like, which will be underpinned by the Data Protection and Digital Information Bill (No.2).
As part of the development of the trust framework, DSIT has committed to undertake robust testing to ensure that the trust framework will work for those who are going to use it. In November 2022, DSIT released a tender via G Cloud for ‘Sandbox testing for UK digital identity and attributes trust framework’.
DSIT selected NayaOne to deliver the UK Digital Identity Sandbox, using NayaOne’s sandbox platform to:
- Gather evidence on how digital identity solutions will work in practice in a ‘live’ environment,
- Build evidence for further policy development to support the emerging market, and
- Explore how regulatory and/or other changes can remove blockers to the use of digital identity solutions
At the intersection of policy and technology, NayaOne’s Digital Sandbox environment enables The Department for Science, Innovation and Technology in the development of a digital identity policy framework through iterative testing in a secure environment. The Digital Identity Sandbox will bring together policymakers from a range of government departments, regulators, and technologists to enable and accelerate the creation of innovative, robust policy on topics such as fraud, inclusion and alternative pathways.
NayaOne is the world’s leading provider of digital sandboxes and innovation collaboration platforms. Widely used by governments, regulators and regulated financial institutions, it is known for powering the UK Digital Sandbox. Its platform can be used across sectors, technology types and policy areas.
Companies In This Post
- Woodforest National Bank Selects Jack Henry to Power Growth with a Modern, Integrated Platform Read more
- Sircon Compensation Recognized for Helping Carriers Turn Agent Compensation Into a Competitive Advantage Read more
- Saris Raises $28.8 Million to Scale Agentic Workflow Automation for Financial Institutions Read more
- Multimodal and Multilingual Conversational AI Agents in Customer Support Read more
- Speed, Flexibility, Scale: INCAT’s Formula for Building the Next Generation of Digital Banks Read more
Woodforest National Bank Selects Jack Henry to Power Growth with a Modern, Integrated Platform
Jack Henry® (Nasdaq: JKHY) announced today that Woodforest National, a multi-state bank with more than $9 billion in assets, has selected Jack Henry to support its continued growth, modernization, and long-term digital strategy.
Push by Aave Labs Receives FCA Approval to Launch Zero-Fee On- and Off-Ramping Services in the UK
Push Labs Limited and Push Virtual Assets Limited (together “Push”), both UK subsidiaries of Aave Labs, today announced that they have received approval from the UK’s Financial Conduct Authority (FCA) for their applications to register as a cryptoasset exchange provider in the UK. As the UK's financial services regulator, the FCA is responsible for safeguarding market integrity, protecting consumers, and promoting effective competition across the financial system.
Eltropy Releases Safe AI Guide for Community Financial Institutions
Eltropy, the leading agentic AI platform for credit unions and community banks, today released Safe AI: The AI Guide for Community Financial Institutions, a 46-page framework covering the policies, guardrails, and governance practices CFIs need to deploy AI responsibly. The guide was authored by Saahil Kamath, VP of Product, and Rahul Prakash, Sr. Director of Engineering.
Incognia Becomes the Most Downloaded Fraud Prevention SDK in Europe
Incognia, the leader in AI-powered cross-device risk intelligence, today announced it has become the most downloaded fraud prevention SDK in Europe, based on total SDK integrations across the region. The milestone reflects a shift among European financial institutions and companies reassessing fraud stacks under GDPR-era expectations for data minimization and accountability.
Triple Point Supports Pelican Capital’s Investment in Steplab with Debt Facility
Triple Point, the innovative investment manager specialising in private markets, has originated a senior debt facility to support Pelican Capital’s backing of Steplab, a high-growth UK-based platform for schools. The platform provides instructional coaching and professional development to help schools improve teaching outcomes.
African Cybersecurity Company to Help UK Firms Reopen African Payment Corridors as Fraud Liability Rules Tighten
Smartcomply, an African compliance and cybersecurity company, has opened operations in the UK and is making its AI-powered anti-money laundering platform, Adhere, available to British payment firms serving African markets.
Tide Crosses 2 Million Members Worldwide – Big Step Forward in Mission to Support and Grow Small Businesses
Tide today announces it has crossed 2 million members globally, with India in particular seeing strong growth
Woodforest National Bank Selects Jack Henry to Power Growth with a Modern, Integrated Platform
Jack Henry® (Nasdaq: JKHY) announced today that Woodforest National, a multi-state bank with more than $9 billion in assets, has selected Jack Henry to support its continued growth, modernization, and long-term digital strategy.
Sircon Compensation Recognized for Helping Carriers Turn Agent Compensation Into a Competitive Advantage
Vertafore®, the leader in insurance technology, today announced that its Sircon® Compensation solution has earned top industry and business honors, with a Gold in the 2026 TITAN Business Awards and finalist designation in the 2026 PropertyCasualty360 Insurance Luminaries Awards.
Saris Raises $28.8 Million to Scale Agentic Workflow Automation for Financial Institutions
Saris, the agentic workflow platform for banks and credit unions, today announced it has raised $28.8 million in Series A financing.
Multimodal and Multilingual Conversational AI Agents in Customer Support
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Speed, Flexibility, Scale: INCAT’s Formula for Building the Next Generation of Digital Banks
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
AirPlus International and Kresus Technologies Help European Businesses Regain Control of Their Indirect Purchasing, in Collaboration with Mastercard
AirPlus International and Kresus Technologies, today announce a new partnership, in collaboration with Mastercard, to help European businesses better manage everyday indirect spending.
Neema’s Dynamic Routing® Helps Financial Institutions Cut Payout Costs by Up to 24%
Neema, a leading global cross-border payments platform catering to financial institutions, announced today on its one-year milestone of implementing Dynamic Routing®, that clients using the patent-pending technology have reduced payout costs by up to 24%, increased success rates by up to 18%, and achieved near 100% real time delivery.