NatWest is the first bank to roll out bank-verified digital identity to verify their foreign customers’ identities in a smooth manner.
The integration of new technology serving a broader group of NatWest’s overseas customers will consolidate their reputation for trust experiences.
They have aligned their vision for secure identity processes and transactions with technology supplied by OneID. The statement emphasised NatWest’s appeal to more customers as they have “set a precedent” when it comes to embracing digital identity across their other operations overseas.
NatWest Bank will leverage OneID’s bank-verified digital identity solution for their structured finance business in Sweden, Finland, and Norway.
Now, any individual who has online banking in the UK, Sweden, Finland and Norway can verify their identity using their bank before signing a NatWest leasing agreement.
Kevin Dearing, Head of Bank of APIs at NatWest, commented:
“Through utilising OneID’s Digital Identity solution within Adobe® Acrobat Sign®, NatWest is streamlining business processes while strengthening the security of signatories. NatWest has been enabling customers to consent to share bank-held identity attributes with OneID so it is great to see a use case for these services emerge from within NatWest.”
