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Five Canadian Banks Employ SecureKey Blockchain System to Identify Users

Published 05/01/2019, 08:44 AM
Updated 05/01/2019, 09:03 AM
Five Canadian Banks Employ SecureKey Blockchain System to Identify Users

Five Canadian banks will be employing a blockchain-based user identification system developed by tech startup SecureKey Technologies, Bloomberg reports on May 1.

Per the report, the Verified.Me digital identity system is now available to clients of the Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Canadian Imperial Bank of Commerce and Desjardins Group. The service will soon be available to users of the services provided by the Bank of Montreal and National Bank of Canada as well, while Sun Life Financial will reportedly be the first North American insurer to use the system.

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