Verified.Me digital identity coming to Canada
https://www.ctvnews.ca/business/canada- ... -1.4402861
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TORONTO -- Canada's biggest banks are marking the official launch of a new digital identity network called Verified.Me, following years of development with their partner SecureKey Technologies Inc. of Toronto.
The banks see Verified.Me as the beginning of a more secure Canadian identity system for a world where technology is making it easier for criminals to steal personal data and create false identities.
In essence, the Verified.Me smartphone app will connect with the financial institutions and remove many of the steps that are currently required to apply for financial services and government documents.
However, they are taking baby steps and initially offering only a limited selection of products from Sun Life Financial and Equifax through the participating institutions.
CIBC, Desjardins, RBC, Scotiabank and TD say they'll have Verified.Me running immediately while BMO Bank of Montreal and the National Bank of Canada are to join the network in the future.
SecureKey chief executive Greg Wolfond says the longer-term goal is to have Verified.Me used by a wide range of businesses and government agencies such as the Canada Revenue Agency.
For more information, please visit www.securekey.com and www.verified.meTORONTO, May 1, 2019 (Canada NewsWire via COMTEX) -- Verified.Me is now available for Canadian consumers of select financial institutions, with more to come in near future.
Today, SecureKey Technologies Inc., a leading provider of federated identity and authentication solutions, announced that its digital identity network, Verified.Me, is now available for consumers of CIBC, Desjardins, RBC, Scotiabank and TD across Canada. Beginning today, Canadian customers and members of these financial institutions will be able to use Verified.Me to help verify their identities online with the services they need in a privacy-enhanced and secure way, with BMO Bank of Montreal and National Bank of Canada to launch soon. Sun Life Financial Inc. has signed on as an early adopter and the first North American insurer on the service.
This approach to digital identity brings together the best capabilities of numerous parties including financial services, telecommunications and insurance providers, to create a holistic approach to digital identity that will protect the interests of consumers and businesses as they participate in today's digital economy. Verified.Me is a digital identity and attribute sharing network, built on top of blockchain technology, that simplifies the sharing of personal information to help with identity verification in a safe way, allowing consumers to quickly and securely share information with participating service providers, while enabling businesses to achieve more streamlined, effective and cost-efficient client services and onboarding.