Australia heads for collaborative digital identity

Australia heads for collaborative digital identity

Australia heads for collaborative digital identity

The Digital transformation Agency is charged with completing Australia’s digital identity system, with the goal to allow citizens to access a range of identity sensitive services such as government portals and financial solutions with a more simple and streamlined approach – complete with biometric proofing. Why is this relevant to fintech? the DTA has said that the technology was successfully  connected to new products – such as comparing a selfie to a passport photo – allowing for financial services providers to conduct their KYC – proving that biometric digital identity can be incorporated for heavily regulated financial services providers, lessening their operational burdens.

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