Today SecureKey Technologies launched the
Verified.Me digital identity network for consumers of CIBC, Desjardins, RBC, Scotiabank and TD across Canada. From today bank customers can use the mobile app to verify their identities online, with BMO Bank of Montreal and National Bank of Canada to launch soon.
Verified.Me is a digital identity and “attribute sharing” network. In other words, it enables users who have been verified in person by their bank or phone company to share the data with other banks or insurance companies, if they provide their permission. The aim is to speed up identity checks without the need to visit banks in person. From the perspective of the financial services companies, it makes onboarding faster with less friction.
“Digital identity is one of the most enduring challenges of our time, and having the opportunity to showcase how a network of cross-industry organizations can come together to build a solution by and for consumers is an honour,” said Greg Wolfond, Founder and CEO, SecureKey Technologies. “We are excited to bring this first- of-its-kind network to market and look forward to its expansion as new participants join our service.”
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