1. Many people know SecureKey but for people who are new to the community tell me more about SecureKey and the latest updates going on with you?
SecureKey simplifies consumer access to online services and applications. Our service allows consumers to conveniently and privately assert identity information using trusted providers, such as banks, telcos and governments, helping them connect to critical online services with a digital credential they already have and trust, while ensuring that information is only ever shared with explicit user consent.
Our main objective is to put the consumer back in the middle of their own transactions – it’s really what drives our business. We operate a service called SecureKey Concierge, which creates a secure and private framework in which consumers can sign into essential Government of Canada services. If you’ve ever filed your taxes online or purchased something through a Canadian government agency, chances are you’ve used our technology. We’ve recently entered into partnerships with Canada’s largest financial institutions, telcos, government agencies, the Digital ID & Authentication Council of Canada (DIACC), and IBM, among many others, to develop a blockchain-based digital identity ecosystem for Canadian consumers. Effectively, this ecosystem leverages a whole economy approach to protect consumers’ digital assets and identities. Consumers get to choose what companies see their digital information, why they see it, when they see it and how they use it. This ecosystem will help consumers prove they are who they say with much greater ease, privacy and trust.
2. What are some of the biggest questions and opportunities in digital identity and authentication today?
We live in a digital world, but are being forced to use outdated and broken identity systems, with too many avenues that enable the possibility of fraud. Interactions in person have worked in the past, but that ease of identification confirmation hasn’t translated over into the digital world, although our expectations have. Having said that, even in person registrations could benefit from improved integrity. When we as consumers try to access or transact with online services, we have to prove who we are, even though we’re often trying to access our own information. That doesn’t make sense. I think the biggest questions facing digital identity and authentication solutions are how and when will positive-sum privacy solutions be made available to consumers. I think the biggest opportunity lies in the fact that Canada’s fintech industry is at the most exciting place it’s been in years. There are so many brilliant minds and technologies being developed, we’re truly positioned to become a world leader in the fields of digital identity and authentication.
3. What is SecureKey doing to address the questions and opportunities from question 2?
We’re developing services that will protect Canadians online while also expanding what can be done online. But I think what’s really unique about SecureKey – and what will ultimately make the Canadian digital identity ecosystem successful – is that we’re looking to address the “how” and “when” questions through collaboration. If you think about it, when data is siloed, it becomes vulnerable because each organization must exert individual effort to protect the same information; that’s why blockchain and distributed ledger technology has attracted so much interest over the past few years. Our digital identity ecosystem is much the same – we’re not pursuing a siloed approach. We want to involve as many business, industries, associations, governments and people as possible to provide a whole-economy approach to digital identity verification. Our collaborative approach also takes advantage of the opportunities Canada’s technological innovation presents. We, and our partners, are admitting that we can’t solve the issues of digital identity alone – it takes a village to make digital identity work. It’s exciting to be a part of a consortium that is taking advantage of Canada’s immense technology talent to build a digital identity tool – there are order of magnitude productivity gains by taking all of the friction and fraud out of the economy, but is also a social good.
What Attendees are saying
“The only conference in Canada where one can meet the who’s who of knowledgeable people and champions of digital identity to discuss the real issues and opportunities in this space.” Dave Nikolejsin, Deputy Minister of Energy and Mines at Government of British Columbia
“A fantastic platform bringing together Canadian thought leaders and key industry experts to promote innovation in digital identity and authentication.” Mike Vanderkaden, VP Corporate Development, Equifax Canada