Five Canadian banks have integrated with a mobile app by SecureKey Technologies, called Verified.Me to let customers digitally verify their identities using blockchain technology.
The iOS and Android-based app is now available for clients of Canadian Imperial Bank of Commerce (CBIC), Royal Bank of Canada (RBC), Scotiabank, Toronto–Dominion (TD) Bank and Desjardins Group. SecureKey said, that two other banks – BMO Bank of Montreal and National Bank of Canada – will also use the product soon.
“Security and trust are two expectations that consumers have when it comes to their personal information and digital identity. Creating seamless and convenient experiences that consumers have come to expect, based on these imperatives of security and trust, are fundamental to meeting their evolving digital needs,” Peter Tilton, senior vice president of digital at RBC, told.
Verified.Me is a new Canadian service to help users verify their identity from any iOS or Android smartphone. The app uses blockchain technology to securely and privately transfer personal information to trusted network participants, giving easy access to the services a user want.