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Daily Dashboard | Banks, telecoms work together on Canadian digital ID system Related reading: Notes from the IAPP Canada Managing Director, May 22, 2020


Motherboard reports Canadian banks and telecoms are launching Verified.Me, a new digital ID system that will assist in accessing insurance and credit reporting services. The two industries have begun merging customer data onto Verified.Me's app in hopes that the database will eventually extend its reach to business, health and government services. For security purposes, only individuals and organizations screened and accepted to the network will be able to obtain data from the app. TD Bank, Royal Bank of Canada, Scotiabank, CIBC and Desjardins, with Bank of Montreal and National Bank of Canada, are among the companies joining the system.
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