Digital identity framework in Australia: opportunities for banks, telecommunications and other service providers

Australia is looking to develop legislation for its Trusted Digital Identity Framework (TDIF), so the framework can be rolled out economy-wide.

While some digital identity services are already commercially available, there may be a greater uptake of TDIF-accredited solutions, as they will be subject to added privacy and security safeguards, and will be interoperable with other organisations in the digital identity ecosystem.

Government and private sector service providers should start considering how they will take advantage of imminent developments in Australia's digital identity framework.

Reducing the hassle of identity checks

Digital identities promise an end to individuals having to provide copies of identification documents to each separate service provider that needs to verify their identity.