ATB Ventures' Oliu to provide identity verification for Alberta.ca users
The implementation of Oliu IDV will offer fast, efficient and secure verification for Albertans with an Alberta.ca account.
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The implementation of Oliu IDV will offer fast, efficient and secure verification for Albertans with an Alberta.ca account.
ATB Ventures, the research and innovation arm of ATB Financial, announces that Oliu™, its leading digital identity verification platform, has achieved certification from the Digital ID and Authentication Council of Canada (DIACC), making it the first organization to get certified for DIACC PCTF (Pan-Canadian Trust Framework).
Oliu will be able to use financial data from Flinks to verify identity on its platform, while IDnow will provide verification for the fintech startup Zorrz.
Overall fraud incidents are up 20 percent, and financial institutions saw even higher increases, with 70 percent reporting an increased fraud in the past year.
Businesses implementing Multipass can efficiently cross-sell products and services while retaining regulatory compliance and avoiding the risk of data breaches.