As important as digital identity is now, it is under a lot of threat. There are attackers out there ready to use it for their own benefit, causing you a lot of trouble.

Digital identity is a powerful tool in the digital landscape. It plays the role of identifying and verifying an individual and is useful in various businesses.

The recent developments surrounding Paytm's payment bank have made it clear that as an industry we need to prioritize security and adherence to regulatory guidelines for customer onboarding (KYC) with enhanced digital identity and verification management so that such crises can be avoided.