This chapter considers the various requirements for identification in the financial sector and the evolution in the nature of identity from analogue to digitised to digital. We argue that technology presents an opportunity to solve this challenge through the development of digital identity infrastructure and related utilities. The establishment of such utilities for digital or electronic identification requires addressing design questions such as registration methods, data availability, and cross-jurisdictional recognitions. As with any reform, a balance needs to be reached to ensure the objectives of efficiency and financial inclusion are not achieved at the cost of market integrity and financial stability.