Australia: banking identity foundations, now extending to digital identity

Australia needed a bank-led digital identity solution. The Consumer Data Right (CDR) created a framework for data sharing, but identity verification remained fragmented. Australian Payments Plus (AP+) — the organisation behind EFTPOS and the New Payments Platform — needed to build ConnectID: a federated identity verification network using bank-held identity data. The challenges:

• Multiple major banks needed to participate as identity providers
• Identity verification needed to work across sectors (government, telco, finance)
• The system needed to be privacy-preserving — no central identity database
• Trust infrastructure had to support federated identity assertions
• Integration with the existing Consumer Data Right ecosystem was required

Raidiam provided the federation infrastructure underpinning ConnectID. Raidiam Connect manages the trust relationships between identity providers (banks), relying parties, and the central trust framework.

ConnectID proved the model: build the trust layer once for banking, extend to identity verification across every sector. The same federation model that governs API ecosystems now governs identity verification — proving the “one control plane” vision across different trust use cases.

By enabling Australians to verify their identity using existing bank credentials, ConnectID eliminates the need to repeatedly share identity documents — reducing data breach risk, accelerating onboarding, and giving consumers control over their personal information. The banking identity foundations are now the platform for cross-sector expansion.