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Bank of Nova Scotia
Symbol C : BNS
Shares Issued 1,222,528,089
Close 2019-05-01 C$ 73.67
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FP says Big 6 banks get behind SecureKey for digital ID

2019-05-02 09:14 ET - In the News

See In the News (C-TD) Toronto-Dominion Bank

The Financial Post reports in its Thursday edition that with buy-in from all of Canada's biggest banks, Toronto-based SecureKey Technologies Inc. is launching a service that it hopes will become a passport of sort for consumers' most important transactions on-line. The Post's James McLeod writes that SecureKey chief Greg Wolfond hinted that the Verified.me platform may receive co-operation from government to use facial recognition technology in conjunction with drivers' licences, passports and other official documents. All this is necessary because Verified.me aims to serve as a sort of secure digital clearing house for sharing important financial and health information on-line, by offering ironclad assurances that you really are who you say you are. Behind the scenes, the entire system runs on a private blockchain for additional security. SecureKey has some powerful backers. The company has received investment from RBC, TD, CIBC, BMO, Scotiabank, National Bank and Desjardins, along with Telus and Rogers. Moreover, it was reported that Canada Revenue Agency has been working with SecureKey. Once you have a Verified.me account tied to your bank account, you can link other services from, say, Sun Life or Equifax.

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