An Ecosystem Approach to Frictionless Digital Identity
Today, verifying who your customers are can be hard. However, we’re working on a revolutionary new service that will help businesses by eliminating the need for their customers to go in person to show valid IDs or provide other key personal documents. All this, while maintaining the integrity, confidentiality and privacy of customer data, reducing the possibility of fraud, and greatly increasing operational efficiencies and productivity.
This new service is a network for digital identity attributes sharing, giving your customers license to use their smartphone to verify that they are who they say they are online, in person, or over the phone. It allows them to share only what is needed safely, securely, and always under strict consent and control. Verified attributes from trusted organizations, such as banks, telcos, governments or credit bureaus, are used to validate identification at organizations like telcos, government services, online market places, healthcare provider and others that require ID verification – greatly reducing the risk of fraud for both the customer and the businesses.
Many of Canada’s leading organizations, like BMO, CIBC, Desjardins, RBC, Scotiabank, TD and National Bank of Canada, are already participating in this world-leading digital identity ecosystem, with more joining each week.
“SecureKey is creating an ecosystem for customers to manage their digital assets securely and conveniently. It’s a model that is being developed with substantial input from TD and other banks. Investing in innovation that will improve the customer experience is core to our strategy. Given the priority we place on security and privacy, we’re uniquely positioned to help shape this offering.”
Rizwan Khalfan, EVP and Chief Digital Officer, TD
SecureKey + IBM Blockchain
SecureKey Technologies and IBM are working together to build the first ever digital identity network in Canada. The solution is built with IBM Blockchain on top of The Linux Foundation’s open source Hyperledger Fabric and enables a scalable group of individuals and institutions to quickly board the highly secured network with minimal operational effort.
Learn how identity solutions with SecureKey and IBM Blockchain can revolutionize key industries by reading the announcement and watching the videos.
A Whitepaper for Banks Trying to Determine the Role they Should Play in Evolving Identity Ecosystems
The Vital Role Telecommunications Companies Play and the Tremendous Opportunity in Evolving Identity Ecosystems
The Commission on Enhancing National Cyber Security recently published its report on securing and growing the digital economy…