Validating identity wireless network
The process is aimed to be easier for consumers and less costly for companies, he added.
Scotiabank “is embracing digital technologies like blockchain to offer a superior customer experience and to make it easier for customers to bank with us whenever they want and wherever they are” said Mike Henry, executive vice president, of retail payments, deposits and unsecured lending at Scotiabank, in a statement on Monday.
Canada’s biggest banks are already investors in Secure Key, which counts the Canadian and U. It has since expanded to 12 partners, including all Big Six banks and some credit unions.
Last October, several of Canada’s large banks including RBC, TD, Scotiabank, Canadian Imperial Bank of Commerce, Bank of Montreal and Desjardins joined Secure Key’s digital identity ecosystem and collectively invested -million in the company.
Using Blockchain allows the data to be securely transmitted but not stored in a central place, he added.“We want you to keep your Royal Bank data at your bank, your telco data at your telco….
And then when you want to share it, you’ll share the minimum that you need to with a party with your consent,” he said.
For example, a consumer on the network could apply for a new apartment or a new mobile phone plan without the “friction” of having to sign documents or provide identification in person, he added.“To do this in Canada, we’re kind of aligning an ecosystem of banks and telcos and governments to say, let’s work together on a standard that makes it safer for all citizens, but also easier to get things done,” Wolfond said.
The identity verification network announced on Monday is a more robust system than Concierge, said Wolfond.You can use this procedure to add a user, computer, or group to your wireless security group in the Active Directory Users and Computers Microsoft Management Console (MMC) snap-in.