Instruct: Identify the main and secondary category of Arxiv papers based on the titles and abstracts
Query: Know Your Customer: Balancing Innovation and Regulation for Financial
  Inclusion   Financial inclusion depends on providing adjusted services for citizens with
disclosed vulnerabilities. At the same time, the financial industry needs to
adhere to a strict regulatory framework, which is often in conflict with the
desire for inclusive, adaptive, privacy-preserving services. In this paper we
study how this tension impacts the deployment of privacy-sensitive technologies
aimed at financial inclusion. We conduct a qualitative study with banking
experts to understand their perspective on service development for financial
inclusion. We build and demonstrate a prototype solution based on open source
decentralized identifiers and verifiable credentials software and report on
feedback from the banking experts on this system. The technology is promising
thanks to its selective disclosure of vulnerabilities to the full control of
the individual. This support GDPR requirement, but at the same time, there is a
clear tension between introducing these technologies and fulfilling other
regulatory requirements, particularly with respect to `Know Your Customer.' We
consider the policy implications stemming from these tensions and provide
guidelines for the further design of related technologies.

21
The categories of this paper are: adap-org
24
The categories of this paper are: dg-ga
14
The categories of this paper are: math-ph
23
The categories of this paper are: solv-int
16
The categories of this paper are: stat
6
The categories of this paper are: astro-ph
13
The categories of this paper are: quant-ph
0
The categories of this paper are: hep-ph
10
The categories of this paper are: q-bio
12
The categories of this paper are: nucl-th
19
The categories of this paper are: eess
4
The categories of this paper are: cond-mat
11
The categories of this paper are: hep-lat
15
The categories of this paper are: nucl-ex
35
The categories of this paper are: mtrl-th
17
The categories of this paper are: q-fin