Welcome to this week’s industry analysis with the FinTech Chemist. While I may not be literally mixing solutions and preparing reagents, I am studying and testing out the latest and greatest in FinTech. I recently attended the KNOW Identity Conference in Las Vegas, and here’s what I was able to formulate over the three days:
At its basic definition, the kinetic theory is the explanation of how particles in matter behave. If I had to sum up KNOW 2019, it showcased new behavior of an industry in flux.
It struck home when David Birch, one of the keynote speakers at KNOW Identity, said, “I’ve said many times that we need an identity infrastructure that deals with the realities of this modern world.”
Which is why it was exciting and a little surprising to see large enterprises like Airbnb and Uber make an appearance this year in the exhibit hall. Interestingly, they all showed up with a common goal of bolstering their identity technology stacks. It’s a sharp reminder that these issues exist in every market, whether it is financial services, government, or various sharing economy players.
I certainly felt a chain reaction ripple through the audience when David Birch declared World War 3.0 has already begun. While the word choice may seem extreme and dramatic, he really drove home why attendees should be taking that statement seriously.
Birch went on to say, “It’s just that this time we’re in a cyberwar and our identity infrastructure needs to support mobilization across virtual and mundane realms. World War 3.0 has already started, but many people haven’t noticed because it’s in the matrix.” It
