Mobile Identity Use Cases in Financial Services

Publication Date: March 2025

Financial institutions require strong identity verification and authentication for customers to access services like balance inquiries, withdrawals, loan applications, or notarization. The Mobile Driver’s License (mDL) offers a secure digital solution to improve customer experience, safeguard interactions and ensure compliance. The mDL transmits verified identity attributes, based on attributes and identity proofing done by the issuing government agency, directly from the individual holder of the identity to the financial institution.