NatWest has become the first
The integration reinforces NatWest's commitment to leveraging innovative technologies to deliver seamless, simplified, and secure customer experiences.
Setting a precedent for other
Now, any individual who has online banking in the
The switch to OneID® comes after NatWest reviewed the existing verification processes for document and contract signing for its leasing business in the Nordics.
The traditional 'text authorisation' or 'one-time password' method typically added as a security measure to make sure the right person is signing a document was found inadequate for their requirements of both security and efficiency. It introduced friction and the possibility of fraud in a process where certainty and speed are paramount.
A more robust and frictionless solution was required.
Instead of restricting people to just one method of verifying their identity, NatWest wanted to offer a single solution that would combine different methods of verification, thereby allowing more people to benefit from the improved process.
The one thing that has greater reach than a physical ID document in the digital age is the digital relationship people have with their bank. NatWest decided to confirm the identity of individuals using bank-verified identity through OneID®.
"Through utilising OneID's Digital Identity solution within Adobe® Acrobat Sign®, NatWest is streamlining business processes while strengthening the security of signatories. NatWest has been enabling customers to consent to share bank-held identity attributes with OneID so it is great to see a use case for these services emerge from within NatWest."
"Through allowing signatories from across the Nordics and
Commenting on the partnership, OneID® CEO
The OneID® unified solution offers NatWest customers - across borders and nationalities - three quick and easy ways to verify themselves digitally:
1. OneID®'s
2. Using local bank ID solutions - enabling customers with Nordic bank accounts to verify themselves.
3. Document-scanning ID solutions - OneID®'s document-scanning solution confirming identity via government identity documents.
OneID's digital identity solution provides global coverage in over 200 countries. This integrated approach within Adobe® Acrobat Sign® ensures a secure and streamlined document, with the most inclusive signing experience for internal and external stakeholders.
The NatWest adoption of OneID®'s bank-verified solution spans the
The transition enhances security and reduces friction, improving efficiency and customer satisfaction.
This follows from announcements last year of OneID consuming
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