ATB Ventures, the innovation wing of ATB Financial, has announced a partnership between its digital ID verification platform, Oliu, and Thirdstream, a provider of financial services technology in Canada. The collaboration will integrate Oliu’s identity verification services into Thirdstream’s account opening and lending platforms, allowing Thirdstream’s network of financial institutions to offer digital ID verification to customers.
The partnership is particularly notable for enabling customers to verify their identities through existing provincial government service portals, starting with Alberta.ca, thanks to ATB Ventures’ recently announced partnership with the Government of Alberta. ATB Financial is itself an Albertan entity, with its headquarters in Edmonton.
The company’s investment arm has been getting attention through its growing prominence in Canada’s emerging digital identity ecosystem. In early 2022, ATB Ventures announced a partnership with the federal government through which it would develop a proof of concept for a “National Digital Trust Service” that would involve Oliu as well as the firm’s digital wallet solution, Proof.
Its Oliu solution has also been certified through the Digital ID and Authentication Council of Canada (DIACC), an organization whose mandate is to establish digital identity and authentication standards, and to certify solutions based on its Pan-Canadian Trust Framework (PCTF), launched in 2020.
That rising prominence is evidently helping ATB Ventures to attract new partners.
“Oliu’s integration into our platform is a direct result of engagement and feedback from among our almost fifty financial institution clients,” said Thirdstream founder and CEO Keith Ginter. “With this integration, we are positioned to offer clients an advanced and highly secure method of digital ID verification, ensuring a streamlined and reliable onboarding experience for their customers.”
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April 16, 2024 – by Alex Perala
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