Verifying who someone is.
WHAT THE BANKING IDENTIFIER PROVIDES
A single identity linked across a person's bank accounts.
WHAT IT ENABLES
Verification of identity at onboarding Linking accounts held at different institutions Blocking of identities associated with fraud
WHAT THE NATIONAL IDENTIFIER PROVIDES
Government-issued identity, increasingly required across services.
WHAT VERIFICATION SERVICES RETURN
Confirmation that an identifier exists, and associated details for matching.
WHAT TO MATCH ON
Name and date of birth, with tolerance for formatting differences.
WHY TOLERANCE MATTERS
Names are recorded inconsistently across systems, and exact matching rejects legitimate people.
WHAT TO BE CAREFUL WITH
Middle names present in one record and not another Order of names differing Spelling variants Records that are simply wrong
WHAT TO PROVIDE
A manual review path for near matches.
WHY
Automatic rejection excludes people whose records are imperfect through no fault of theirs.
WHAT TO STORE
The verification result and its reference.
WHAT NOT TO STORE UNNECESSARILY
Copies of documents and full identifier values.
WHY
They are an extremely attractive target, and retention increases liability.
WHAT TO VERIFY
Current regulatory requirements, which change.
