Three Canadian financial institutions, namely BMO Financial Group, Scotiabank and TD Bank Group are the initial Trusted Sign-In Partners, with other financial institutions expected to follow in the coming months.
The newly introduced service is part of the Canadian government’s Cyber Authentication Renewal initiative, where no passwords or personal information are exchanged. Trusted Sign-In Partners will not be able to find out which government service is being accessed and the government wont know which Trusted Sign-In Partner is being used. SecureKey Concierge is subject to the Privacy Act and the Personal Information Protection and Electronic Documents Act (PIPEDA).
SecureKey Concierge mitigates risks by using existing credentials which consumers have and use frequently from their banks (Trusted Sign-In Partners), who actively manage and monitor security for their customers.
Many departments of the Canadian government have already implemented SecureKey Concierge, allowing citizens to use Trusted Sign-In Partners to access federal government services online.
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