29 April 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

CommBank provides ID verification for gig economy marketplace users

01 March 2017  |  5339 views  |  1 Commonwealth bank web logo

Commonwealth Bank of Australia is letting members of local gig economy site Airtasker use their banking relationship to verify their identities.

Similar to TaskRabbit, Airtasker acts as a digital marketplace where people can advertise basic odd jobs - from putting up shelves to picking up food - for a price. Members then bid to carry out the tasks.

Now, in an effort designed to provide an extra layer of trust, a pilot will see members who bank with CBA able to add a 'CommBank Identified' badge to their Airtasker profile if the two firms have the same name and date of birth on file.

The feature is designed to complement Airtasker's user rating system, providing another way for people to prove their trustworthiness.

Tim Fung, CEO, Airtasker, says: "For Airtasker, this is the first step in a broader project around verifying identity, skills, certifications and achievements. We’re creating a reputation passport, which will help people know exactly who they are dealing with and what they are qualified for."

Pete Steel, executive GM, digital, CommBank, adds: "As our customers continue to use emerging online services, we believe we also have a role to play in enhancing that experience. Identity verification is one area where we can add value."

Comments: (1)

Bo Harald
Bo Harald - ZEF and Real Time Economy Program - Helsinki region | 01 March, 2017, 09:41

Banks should move much faster into the next levels of trustbusiness - a traditional service. And the public sector should encourage them to put the KYC+e-banking credentials at the service of society at large. Strong e-id needed in public sector - but it makes no sense to create separate tools for something needed seldom.

 

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Commonwealth Bank of Australia issues government bond on blockchain

Commonwealth Bank of Australia issues government bond on blockchain

25 January 2017  |  11490 views  |  0 comments | 31 tweets | 29 linkedin
CBA provides Alipay with bridgehead to Australia

CBA provides Alipay with bridgehead to Australia

31 October 2016  |  4443 views  |  0 comments | 6 tweets | 7 linkedin
CBA takes pop-up innovation lab on a tour of Australia

CBA takes pop-up innovation lab on a tour of Australia

28 October 2016  |  10673 views  |  0 comments | 5 tweets | 7 linkedin
Stripe helps marketplaces pay workers instantly

Stripe helps marketplaces pay workers instantly

20 September 2016  |  6058 views  |  1 comments | 8 tweets | 5 linkedin
CommBank hires Chip the robot for AI push

CommBank hires Chip the robot for AI push

23 August 2016  |  7472 views  |  0 comments | 6 tweets | 16 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comvisit dh.comvisit vasco.com/news/PSD2-compliant-solutions

Top topics

Most viewed Most shared
Six global banks join Swift DLT trialsSix global banks join Swift DLT trials
7712 views comments | 15 tweets | 36 linkedin
BBVA steps up fintech acquisition strategy with purchase of OpenpayBBVA steps up fintech acquisition strategy...
6962 views comments | 17 tweets | 16 linkedin
Should central banks open up payment and settlement systems to non-banks?Should central banks open up payment and s...
5980 views comments | 22 tweets | 21 linkedin
Token raises $15.7 million as PSD2 approachesToken raises $15.7 million as PSD2 approac...
5924 views comments | 20 tweets | 20 linkedin
hands typing furiouslyMobile Technology, Its Importance, Present...
5678 views 0 | 2 tweets | 1 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job