Nick Holland is a well-known and respected thought leader in fintech. He has spent more than 13 years focusing on the intersection of mobile, retail payments and security, working at many of the most renowned research houses in the industry. His prior roles include head of payments and mobile at Javelin Strategy, where he conducted in-depth research on EMV, mobile proximity payments, digital wallets, tokenization and biometrics and provided consulting to financial institutions, mobile operators, processors, card networks and vendors; and mobile payments research at Yankee Group and Aite Group.
It's not just Equifax that needs to worry. The incident can and should be a turning point for the financial services industry, a warning that it needs to end its reliance on static personal identifiers.