Microsoft and Mastercard working together on digital identity system that will allow users to access multiple services while reducing fraud and inefficiencies

Briefing

January 1, 2019

Briefing	Digital Identity – Microsoft and Mastercard partnering to create single digital identity system for verifying and managing one’s identity that will work with multiple providers and services Supported Services – Digital identity can be used for various financial services, e-mail, social media, loan applications, filing taxes, online shopping, streaming services, and more Globalized – Identity system can be used across world to verify identities and provide access to health, financial and government or social services Other Benefits – Can reduce payments fraud, identity theft, costs, and inefficiencies New Services – System could serve as “foundation” or building block for new Mastercard services based on Microsoft Azure
Accelerator	Cybersecurity
Market Disruption	Innovation Partnerships
Business Model and Practices Business Model and Practices	Innovative Partnerships
Sector	Financial Services, Information Technology
Organization	MasterCard Inc., Microsoft Corp.
Source	Thorp-Lancaster, D., "Microsoft and Mastercard want to give you a universal digital identity", Windows Central, https://www.windowscentral.com/; "Mastercard and Microsoft forge digital identity partnership," Finextra, https://www.finextra.com/; AcceleratingBiz analysis
Original Publication Date	December 3, 2018

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