SecureKey CEO Greg Wolfond explains the increased focus on Digital Identity as COVID has accelerated the shift of more economic activity to digital channels. Greg describes how SecureKey and the Canadian banking industry have been at the forefront of initiatives that have enabled consumers to utilize their bank log-in credentials for a range of secure services, across government and other areas of commerce.
Greg stresses the need for interoperability across sectors, and for financial services to not approach this in a vacuum, but rather to integrate across other walks of the consumer’s life. The increased demand for contactless health records and the anticipated focus on vaccine passports present notable opportunities.
He also emphasizes the need to enable secure identification while protecting privacy, empowering the consumer with control, and minimizing the data points that need to be shared – a key driver and feature of the Open Digital Trust initiative that the IIF is leading with the OpenID Foundation.