Australian banks move towards private digital identity products as legal issues debated

Australia is debating new laws that could make its long-awaited national digital identity scheme a reality. As the national digital ID plan slowly drags on toward legal codification, financial organizations are searching for faster solutions and looking towards private identity services.

The Commonwealth Bank of Australia (CBA), one of Australia’s largest banks, announced last week it has joined digital identity service ConnectID which allows users to prove their identity online to merchants and other businesses. The news comes after the …

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