The UK government will eventually roll out a “super app” that houses each citizen’s combined economic footprint, from credit ratings to know-your-customer details, a top banker has predicted. This economic digital ID would aim to follow in the footsteps of the swift and widespread adoption of the UK government’s NHS health app.
The NHS app was first launched by the UK government in January 2019 as a “one-stop shop of the health data for each UK citizen.” The UK’s financial sector has taken note of the NHS app’s “popularity” and one top banking official predicts that the launch of an equivalent digital ID for UK citizens’ economic data is inevitable.
Referring to this “super-app” that could carry all of the financial data of each UK citizen, Chair of UK Finance Bob Wigley said: “This will be the year that we finally persuade the banking system that we need an economic digital identity system, just like the NHS app.”
Speaking at the New Digital Assets and Money Symposium conference in the City of London on Tuesday, he added: “This financial app will be personal and attached to each citizen as we need a wider fully digital economic identity programme.”