RBA wants banks involved in Australian government digital identity solution

The Reserve Bank of Australia (RBA) has told the House of Representatives Standing Committee on Tax and Revenue that it wants to see Australia’s banks involved with building out the federal government’s digital identity solution, Govpass, as online banking is considered a better digital experience than the government’s contentious myGov portal. The Digital Transformation Agency (DTA) outlined the process for applying for a Govpass just last month, with the system expected to match a user’s photograph, as well as Medicare, driver’s licence, and birth certificate details, with information already held by various government entities such as the Attorney-General’s Department.

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