SecureKey Technologies, a leading provider of identity and authentication solutions for simplifying consumer access to online applications, today announced that CIBC, a leading Canadian-based global financial institution with 11 million personal banking and business clients, has reached an agreement with SecureKey to become a Trusted Sign-In Partner participating in the SecureKey Concierge service, following integration and associated compliance approvals.
CIBC is the fifth of the five largest banks in Canada to become a Trusted Sign-In Partner. It joins BMO Bank of Montreal, Choice Rewards MasterCard, Desjardins, RBC Royal Bank, Scotiabank, Tangerine, TD Canada Trust, Caisses Populaires Acadiennes, and Caisses Populaires.
“CIBC’s partnership and continued growth of SecureKey Concierge is testament to the value of a federated authentication network,” said Didier Serra, EVP, sales & marketing, SecureKey. “Now all of Canada’s largest banks will be able to provide their members and clients with convenient, secure access to online services by simply using their banking credentials.”
The SecureKey Concierge service is delivered through a secure cloud service that grants users access to critical online services via their familiar online banking sign-in process, rather than having to create yet another user ID and password to manage. While using their trusted credential from a Sign-In Partner to access online services, SecureKey Concierge ensures that no passwords or personal information (name, date of birth, etc.) are shared or exchanged.
SecureKey Concierge has experienced a doubling of user credentials in each of the past two years, and operates on SecureKey’s industry-leading briidge.net Exchange™ Platform, the market leading multi-tenant federated authentication and identity platform. Through SecureKey Concierge, CIBC members and clients will be able to securely access online services from subscriber organizations in the public and private sector, including the Government of Canada, using their existing CIBC online banking login IDs and passwords.
Contributed | what does this mean?