1. What is the mission and vision of General Bank of Canada?
To build a bank for generations. [To build a bank for generations implies extensive trust]. General Bank operates as a Financial Product Manufacturer and works with Distributors / Brokers to have Consumers access our products.
2. Why is trustworthy digital identity critical for existing and emerging markets?
As a financial services product manufacturer we don’t hold direct to consumer relationships – we work with other financial services distributors. However, we need to validate those relationships with consumers and distributors to meet our regulatory obligations.
3. How will digital identity transform the Canadian and global economy? How does your organization address challenges associated with this transformation?
The more easily and quickly (digitally) we can verify individuals the more we can get our products out in the market and meet our regulatory obligations.
4. What role does Canada have to play as a leader in this space?
Canada can definitely be a leader in digital trust and identity – there is already a lot of great work ongoing.
5. Why did your organization join the DIACC?
General Bank is transforming and digital trust / verification is becoming a larger focus for us.
6. What else should we know about your organization?
General Bank is full Canadian Chartered Bank but we don’t have direct to consumer relationships (so we are a very different Chartered Bank).
