Brexit and digital identity – avoiding future restrictions on digital trade.

The UK has been a major contributor to European efforts to establish cross-border digital identities. Governments need to ensure that Brexit does not introduce unwanted restrictions that harm digital trade.

Regardless of your position on Brexit, the need for frictionless trade and cooperation across borders is critical for all nations. While this interaction is increasingly underpinned by digital technology, the notion that the internet has no borders, is not policed, or that e-commerce is any different, is flawed.

Unfortunately, the necessary cost of doing business and fostering international cooperation is not without friction and involves negotiating complex national and international regulations and tax schemes, as well as dealing with cultural differences. It is therefore highly likely that scrutiny of cross-border trade will only grow as the pace of digital transformation across society takes hold.

So how can commerce and cooperation be facilitated while mitigating risks and preventing fraud? To be competitive, any organisation must balance compliance, exposure to fraud and ever-greater customer reach with streamlined, secure onboarding processes and immersive customer experiences to attract and retain customers and protect its assets.

By Gillan Ward.

Full story at Computer Weekly.