The Digital ID & Authentication Council of Canada (“DIACC”) today announced the launch of the Pan-Canadian Trust FrameworkTM (“PCTF”), a set of digital ID and authentication industry standards that will define how digital ID will roll out across Canada. Its launch marks the shift from the framework’s development into official operation and will begin alpha testing by public and private sector members in Canada. The alpha testing will inform the launch of DIACC’s PCTF Voila Verified Trustmark Assurance Program (“Voila Verified”), set to launch next year.
From open banking to e-health, digital ID is a key enabler in unlocking the next frontier of our digital economy. Banks and telcos fortunately have been able to leverage existing digital ID services to support Canadians.
Alpha testing of the PCTF will be carried out by over 20 Canadian public and private sector DIACC member organizations during the next two quarters with the purpose of operationalizing the framework as fast as possible. Organizations that have volunteered to take part in the alpha test seek to gain strategic and operational insights to become demonstrated leaders in digital identity.
Learnings taken from the alpha testing will help DIACC identify what is needed to scale up a digital identity infrastructure across Canada, and help Canada secure international digital interoperability and accreditation by working with international and third party partners such as eIDAS and Kantara Initiative IAF.
A Digital ID Trademark You Can Trust
The alpha testing will also inform the launch of the DIACC PCTF Voila Verified Trustmark Assurance Program (“Voila Verified”). The program is set to launch in fall 2021, and will issue a PCTF Voila Verified Trustmark to organizations who demonstrate compliance with PCTF components. Voila Verified will enable solutions and service providers to leverage the trustmark to elevate their market leadership and allow them to collaborate securely with assurance, providing their customers with the digital-first experience that they demand.
Multijurisdictional Collaboration: Enabling Trusted Digital Inclusion for All
The launch of the PCTF comes at a time when having a strong digital economy is no longer a ‘nice-to have’; rather, it is imperative for Canadians. More than 70 per cent of Canadians want to see the government and private sector collaborate on a joint identity framework in Canada.
The PCTF was developed collaboratively between public and private sector stakeholders, with contributions from a broad array of individuals and organizations around the world. Over 3,400 public comments were provided over four years that helped progress the framework to its launch today.
Iron Mountain & FutureVault Launch Digital Vault Platform
Posted in Commentary with tags Iron Mountain on September 15, 2020 by itnerdIron Mountain Incorporated and FutureVault today announced a strategic partnership and the launch of their Digitization-as-a-Service offering with Aligned Capital Partners Inc. as the first client.
The new platform combines Iron Mountain’s logistical network and physical information management infrastructure with FutureVault’s secure digital vault platform to provide a comprehensive physical-to-digital document life cycle management service. Now, businesses can order the transfer of paper records to an Iron Mountain location where they are scanned, deposited, indexed, and stored in both a secure physical and digital location; the latter on FutureVault’s platform. Based on their unique document retention policies, organizations can choose to archive or shred their original paper documents or have them returned. Digitizing paper records and accessing them via a secure digital vault has never been easier.
What features does the Digitization-as-a-Service offer?
How does the Digital Vault Platform provide security for digital assets?
What are the benefits of digitizing assets?
Which companies have participated so far in the Digital Vault Platform?
The first pilot participants included advisors with Aligned Capital Partners Inc. (“Aligned”), an innovative investment firm headquartered near Toronto in Burlington, Ontario with over 200 advisors across Canada.
Through the Digital Vault Platform, Aligned now has all relevant records in one place. Productivity benefits from faster file retrievals, quicker new advisor onboarding, and more effective communications. Advisors are better equipped to serve their clients, manage document retention and compliance obligations, and grow their practices.
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