Canadian banks to offer authentication backbone to government ID scheme

The Canadian government is to use bank-issued credentials from TD Bank, Scotiabank and BMO to enable citizens to obtain access to public services online.

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Canadian banks to offer authentication backbone to government ID scheme

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The Credential Broker Service, part of the Canadian government's Cyber Authentication renewal initiative, will use technology from SecureKey Technologies to provide a bank-led single sign-on system as the gateway to government departments over the Web.

SecureKey's authentication service will enable consumers to access government services using their online banking login credentials or by tapping their bank-issued chip card on a USB card reader. To ensure privacy protection, users of the CBS will authenticate through their bank but neither their login credentials nor the identity of their bank will be shared with the Government of Canada. Similarly, no information about the government service being accessed by the user will be shared with the user's bank.

Mike Henry, Scotiabank SVP and head of Canadian retail payments, deposits and lending. "So many Websites require login information, making it easy to forget a few every now and then. With this service, our customers won't have to worry about remembering another user ID and password because they will be able to easily access government services online using what they already use with us."

For BMO, the service is a natural extension of the bank's investment in chip and contactless technology. Mike Kitchen, SVP, P&C products, BMO, comments: "Our participation gives customers a secure, simple, and trusted verification process for accessing government sites."

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Comments: (5)

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

This so makes sense - if you want to (i) serve citizens with already familiar highvolume, high security tools - not only for the public sector (ii) speed up take-off of e-government services and (iii) save tax payers money - 100ds of millions.

Only positive experience from Finland and other Nordic-Baltics with technolgy neutral approach.

Nick Collin

Nick Collin Director at Collin Consulting Ltd

I totally agree with you Bo.  Let's hope the UK government takes a similar approach. 

Gary Wright

Gary Wright 

This all makes sense to me. Just shows what can be done with a bit of imagination and collaberation. I will not hold my breath for the UK though

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

This is a business case for banks - but also time to contribute to the good for society at large.

Tax payers are supporting banks and even get an owner voice - now banks should pay back by joining forces and create the easy 4-corner model also here. ISO-standard for x-border e-ID messages is an obvious thing to start working for - not only for EU - but globally

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Please use Facebook https://www.facebook.com/bo.harald1 to spread the news - also about new countries setting deadlines for paper invoicing - Kazakstan now.

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