RBC only collects the necessary information for opening and operating a personal deposit account
RBC has enabled clients to digitally verify their identities when opening an account. The RBC mobile app now leverages AI to check a client’s government-issued identification against the security features and characteristics of driver’s licenses and passports.
Besides, the app also uses Near-Field Communications (NFC), allowing clients to tap the electronic chip on ePassports.
The new ID verification solution also decreases the demand for clients to share more data about themselves than is necessary when opening an account. This way, clients will be more in control of their personal data and be assured their identity and accounts are secure.