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Finance & Economics

RBC launches digital government ID verification

Mar 13, 2020

RBC only collects the necessary information for opening and operating a personal deposit account

Royal Bank of Canada

RBC launches digital government ID verification. Source: shutterstock.com

RBC has enabled clients to digitally verify their identities when opening an account. The RBC mobile app now leverages AI to check a client’s government-issued identification against the security features and characteristics of driver’s licenses and passports.

Besides, the app also uses Near-Field Communications (NFC), allowing clients to tap the electronic chip on ePassports.

The new ID verification solution also decreases the demand for clients to share more data about themselves than is necessary when opening an account. This way, clients will be more in control of their personal data and be assured their identity and accounts are secure.

As we make our clients’ everyday banking experience easier, we continue to be guided by the imperatives of trust and security. Verifying and protecting our clients’ identities is among the most important things we do. The world-class technology underpinning these features will better protect clients from fraud caused by identity and document forgery and give them an unparalleled account opening experience
Peter Tilton, SVP, Digital at RBC 

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