CBA & NAB Activate AP+ ConnectID Digital ID Solution
(17 October 2023 – Australia) CommBank and NAB have rolled out Australian Payments Plus (AP+) ConnectID digital identity solution for individuals to prove their identity by using personal identification (ID) data already shared with trusted organisations.
The concept is based on the idea that you share your data once with your bank and can then utilise ConnectID as a verified link between that data and any other third party that requires proof of ID. ConnectID does not see or store personal information - it simply acts as a bridge between an organisation that wants to verify someone’s identity and the organisation providing that verification and this only happens when the customer authorises it.
ANZ and Westpac are showing strong support for the product as well.
In September 2021, ConnectID was the first non-government operator of a digital identity exchange to be accredited under the Australian Government’s Trusted Digital Identity Framework (TDIF) which sets standards, rules and guidelines based on international best practice.
“This new service will help customers reduce oversharing their data, giving them greater control over what data is being shared and used and choice over which organisations they trust to store their personal information. And from a business perspective, the ability to collect only what is required means they’re able to comply with legislation and reduce their risk profile” explained ConnectID Managing Director, Andrew Black.
“What’s important to know is that ConnectID is not creating new honeypots of data, in fact, we never see or store customer data. At every step of the way, ConnectID ensures both convenience and confidence, quickly and securely verifying customer identities” Black added.
“Commonwealth Bank is supportive of ConnectID which will simplify customer identification and authentication needs for both businesses and consumers across the economy. It will help keep consumers’ data safer online, with strong security and privacy controls” said CBA General Manager, Open Data, Katherine Sleeth.
“We’re proud to support the launch of ConnectID today, which will make life so much easier for Australians when they are going through a process of validating their identity online, and doing so in a safe way that protects their data and privacy” commented NAB Executive, Digital Governance, Brad Carr.