ATB Ventures' Oliutm Partners with Government of Alberta for Seamless Digital ID Verification

CALGARY, AB, March 28, 2024 /CNW/ - ATB Ventures, the research and innovation arm of ATB Financial, today announced a collaboration between Oliutm, its digital trust platform, and the Government of Alberta. The collaboration will see Oliutm further expand its identity verification capabilities, offering fast, efficient and secure verification for Albertans with an Alberta.ca Account.

Alberta.ca Account, originally introduced in 2015, caters to individuals with a valid email address, while verified accounts, launched in 2017, are available to Alberta residents with a valid driver's licence or identification card issued by the province. With over 3.5 million active Alberta.ca accounts, 2.1 million verified accounts, and more than 1 million actively used accounts, the platform has become integral for Albertans accessing online government services, akin to presenting an ID card or driver's licence in person.

Organisations using Oliutm's digital trust platform will be able to enhance and streamline the identity verification process for Alberta-based customers, quickly onboarding those who have a verified Alberta.ca Account. Customers choosing this method of identity verification when opening a new account with an organisation that has integrated the Oliutm platform will be prompted to sign in to their existing Alberta.ca Account. By doing so, their verified status is logged by the new service provider without copying the user's personal information, ensuring a fast, efficient, and highly secure onboarding experience.

"This project empowers Albertans to choose how they want to identify themselves when accessing online services. It's a great show of confidence that ATB is taking advantage of the secure Alberta.ca Account to deliver value to its customers," Nate Glubish, Minister of Technology and Innovation.

Adding customer identity verification using existing Alberta.ca login credentials further expands the Oliutm platform's utility for its customers. Using Oliutm, organisations now have an even greater number of options to quickly and securely verify their customer's identities resulting in seamless onboarding experiences.

"At ATB Financial, we are proud to partner on this initiative which aims to deliver a safer and more efficient online environment for Albertans. Enabling Albertans to leverage their verified Alberta.ca Account for secure identity verification, enhances digital access while prioritising their privacy," stated Dan Hugo, Chief Financial and Strategy Officer at ATB Financial.

As a component of the collaboration with the Government of Alberta, Oliutm completed a thorough PIA (Privacy Impact Assessment) which was submitted to, and gained acceptance from, the Office of the Information and Privacy Commissioner of Alberta (OIPC).

Oliutm is a digital trust platform that makes it easy for businesses to issue, manage and verify digital credentials. Built on open (W3C) standards, it offers real-time layered identity verification, privacy and control over personal identity data, and protection against fraud and identity theft - all while enabling fast, efficient, and secure customer experiences. Oliutm is the first Canadian company to achieve the PCTF certification through DIACC.

To learn more about Oliutm, please visit https://oliu.id/

ATB Ventures is the research and innovation arm of ATB Financial, a leading Alberta-based financial institution. Driving growth at the edges and exploring opportunities beyond financial services, ATB Ventures focuses on helping companies bridge the gap between consumers' increasing concerns about privacy and security, and their desire for more advanced personalised experiences. To learn more about ATB Ventures, please visit https://atbventures.com/

With $60.2 billion in assets, ATB Financial is a leading financial institution that started in Alberta with the focus of putting people first. Our success comes from our more than 5,000 team members who love to deliver exceptional experiences to over 800,000 clients across our Personal and Business Banking, ATB Wealth Management and ATB Capital Markets businesses. ATB provides expert advice, services and products through our many branches and agencies, our 24-hour Client Care Centre, four entrepreneur centres and our digital banking options. ATB powers possibilities for our clients, communities and beyond.

SOURCE ATB Ventures