Core Viewpoint - The article emphasizes the importance of digital finance and the role of financial technology in driving innovation and efficiency in the financial sector, particularly through the development of a trusted digital identity system by CFCA [3][4]. Group 1: Digital Identity Development - The evolution of digital identity is crucial in a comprehensive digital environment, where proving one's identity in the digital world is a key challenge [5]. - Digital identity consists of three dimensions: identity subject, identity credential, and industry scenario, which together form specific applications of digital identity [5]. - CFCA categorizes trusted digital identities into three levels: legal trust basis level, third-party certification level, and business credential level, with decreasing legal validity from the first to the third level [6]. Group 2: Financial Technology Innovation - CFCA has played a significant role in the evolution of identity verification methods in banking, transitioning from face-to-face verification to online processes using digital certificates [7]. - The organization has developed a comprehensive trusted digital identity system that addresses high trust costs and complex processes in financial transactions, enhancing economic and social benefits [8]. - CFCA has issued over 900,000 professional reports to assist users in handling disputes and litigation effectively [8]. Group 3: Regulatory and Global Cooperation - CFCA participated in the development of the "Personal Credit Electronic Authorization Security Technical Guidelines," integrating its trusted digital identity system into practical business applications [9]. - The organization is actively involved in global digital governance, having established a LEI code cloud platform and becoming a vLEI authorized issuing agency, promoting trust and convenience in global digital trade [9]. Group 4: Future Directions and AI Integration - CFCA is committed to integrating its technology into UnionPay's global payment network, enhancing security across various domains such as cloud-based digital certificate services and cross-border payment security [10]. - The organization is implementing an "Artificial Intelligence+" initiative to enhance efficiency and innovation, exploring new service paradigms in the AI era [10]. - CFCA aims to leverage financial technology to support the vision of financial inclusivity and modernization in China [10].