Amid banks being urged to stake out an active role in digital trust economy, NatWest Group has partnered with ID provider OneID to offer its new Customer Attribute Sharing service as a digital ID solution.
OneID will provide verification and authentication services to facilitate secure customer information requests from businesses for purposes such as, e-document signing and quick onboarding.
The Customer Attribute Sharing service mediates between businesses accessing customers personal and customers being able to give their consent and keep control over sharing their bank-held information.
Claire Melling, Head of Bank of APIs at NatWest Group, commented: “We recognise that our customers are spending more time on digital platforms and so we’re focusing on embedding our services in our customers’ daily lives. Moreover, as a trusted institution, we have a key role to play in the emerging concept of digital identity. Our new Customer Attribute Sharing service will provide our customers with a safe, secure and convenient way to verify their identity online, while enabling businesses to speed up and streamline customers’ online experiences. We’re excited that, through our collaboration with OneID, businesses and consumers are now experiencing the benefits of this service.”
Martin Wilson, CEO of OneID, said about the partnership:
“We are delighted to be working with NatWest Group on their Customer Attribute Sharing. As an organisation committed to making the world a safer place, OneID can digitally verify details for over 40m UK citizens, protecting them from fraud and identity theft when online. Our partnership with NatWest will help businesses streamline their customer service and reduce costs, for example when registering new customers or setting up direct debit payments.”