Barclays and Lloyds join plan for banking sector digital ID

BARCLAYS and Lloyds are among a group of top UK lenders working on a plan that would see customers able to use digital identification tools in their banking app.

- SAMUEL NORMAN

The collective of banks - which also includes HSBC, Nationwide, Natwest and Santander - are working with industry body UK Finance on a process where users’ personal information will be shared with a third party to enable a customer to complete a transaction.

UK Finance said the new project has completed a “proof-of-concept” with the next stage involving a live pilot in a real-world environment set for the coming months.

It added it was a separate initiative from the government's digital identification plan and would only be used in private sector and retail use cases.