PNG APEC member commitment – Development of interoperable digital identity systems and corporate e-KYC approaches in APEC
Papua New Guinea (PNG) is one of the 21 members of APEC since 1993. Despite member economies not required to be bound by commitment or treaties, it is vital for member economies to cooperate in implementing common best practices, framework and policies. Cooperation creates and enables interoperational systems for trade between member economics and the ...
How can YuTru effectively operate in a harmonised ecosystem of trust ?
We explain the YuTru ecosystem of trust and show how effectively YuTru can operate for Papua New Guineans and their business to flourish. YuTru is not just an Identity Management Service provider but it also provides trust services that are built upon Papua New Guinea's context and dynamics of doing business. We illustrate that from ...
Central Banks Committed to Economic Prosperity and Wellbeing in South Pacific
In a joint press release after a meeting held on the 20th of June 2022, South Pacific Central Bank Governors reconfirmed their commitment to support the region’s access to:
Cost effective remittances,
Retention of correspondent banking services; and
Improving financial inclusion.
The press release highlighted priorities to ...
Digital Identity System Trends
YuTru has adopted Digital Identity system solutions that have proven to work in many other countries. The framework has been backed up with research and we lean towards a solution fitting for Papua New Guineans and the challenging environment businesses in PNG operate in. In this post we share with you Mohammad J Sear’s post ...
The YuTru Ecosystem Explained
Similar to the digital identity systems that operate in places like the European Union and Australia, YuTru is designed around the same safeguards for end users’ privacy. As more business and government service delivery moves online - i.e. a more digitalised economy - the need for end users’ to efficiently identify themselves online becomes critical.
YuTru ...
Kim Cameron’s 7 Laws of Identity
The Internet was built without an identity layer. Despite this we connect, but do not know with whom we are connected or are interacting with. The late Kim Cameron, was Microsoft's chief identity architect who in 2004-2005 published a paper known as the Laws of Identity. The paper set out answers to the question “Why ...
How can a digital identity expand financial inclusion?
The absence of a legally-recognised form of identification is a barrier for many people attempting to access basic financial services in Papua New Guinea. Opening a bank account, obtaining credit, and accepting payments are difficult to do without an ability to identify who you are and gain the trust of a financial institution.
The problem is ...
UNCTAD Policy Brief No. 96 – Why robust digital identity systems are essential in fostering trade and development
We at YuTru are taking a global approach to digital identity. A global approach means that the digital identity we provide you is interoperable with other countries because it follows open standards that are secure and compatible. It can be trusted more readily than a closed system.
Last week we share a paper with you: Using ...
Using a Trust Framework Approach for Digital Identity in Pacific Islands Countries
Our Pacific region is losing correspondent banking relationships at the fastest rate of any region in the world (RBNZ 2021). This means that our costs of banking are increasing and the pathways that our money has to take, in order for us to transact with others abroad, is becoming more circuitous taking longer. A working ...
Digital Transformation Depends On Digital Identity
Digital identity is the core of digital transformation, says Deloitte. A digital process cannot be developed without a high degree of confidence over the identity of each party involved in the digital transaction. Digital identity is in fact the starting point for digitalisation of business or government. YuTru is PNG-owned and stands ready to assist ...