Identity and authentication firm SecureKey Technologies has raised $27 million CAD in growth capital to fund the commercial rollout of a privacy-enhancing digital identity network. Teaming up with SecureKey on this initiative and participating in the funding round are BMO Bank of Montreal, Bank of Nova Scotia, CIBC, Desjardins, Royal Bank of Canada and TD.Building upon the success of the SecureKey Concierge federated authentication service, SecureKey and its partners have established this strategic collaboration to accelerate the development of a new service to be launched in 2017. The new service will make it easier for consumers to manage their digital assets and to take control of their digital identity in a privacy enhanced and secure way.SecureKey has also announced that founder and chairman Greg Wolfond has returned as CEO to lead the company's collaboration with the nation's largest financial services providers, continue the growth of SecureKey Concierge, and drive the next-generation identity and digital asset sharing initiative."We want to help put the consumer back in the middle and let them take control of their digital assets, to share what they want, with whom they want, and always with informed consent," said Wolfond. "We are excited to be working with so many partners to develop and deliver a national ecosystem that puts consumers first. Canada's largest financial institutions are among the most trusted in the world, and we could not have a better group of aligned strategic investors for this groundbreaking initiative."
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