FB pixel

ATB Ventures tackles digital ID, bias in AI to support technology growth in Alberta

ATB Ventures tackles digital ID, bias in AI to support technology growth in Alberta

ATB Ventures, the research and development arm of financial institution ATB Financial, has announced an intention to support work into digital identity advancements and removing bias from artificial intelligence applications like biometrics.

The organization plans to invest in different technologies and develop others in-house. One technology developed by ATB Ventures is the ATB Turing Box, which provides a machine-learning framework for removing bias from AI, and has already been implemented by ATB Financial.

Oliu, a self-sovereign identity (SSI) platform, has also been developed by ATB Ventures to support digital ID for healthcare, finance, government and consumer applications.

“The effects of the COVID-19 pandemic will be felt for years to come,” comments Sue McGill, head of innovation for ATB Ventures. “As we embrace the next big wave of innovation, we are focusing on addressing fundamental challenges like data privacy, AI safety and digital identity.”

ATB Financial is a member of the Digital Identification and Authentication Council of Canada (DIACC), which launched the Pan-Canadian Trust Framework to set standards for digital ID in the country last year.

“Guided by data, our team is exploring the art of the possible, imagining identity beyond birth certificates and social insurance numbers where people directly control their personal information as they move seamlessly through the world,” said McGill.

ATB Financial operates in the Canadian province of Alberta, and its President and CEO Curtis Stange said the company hopes to build on Alberta’s growing reputation for technology leadership.

“Customers are at the centre of everything we do at ATB and ATB Ventures is another way we are supporting customers as their needs grow and change,” Stange said.

Article Topics

 |   |   |   |   |   |   | 

Latest Biometrics News


Footprint makes a mark on ID verification market with $13M series A round

New York-based KYC and digital identity verification startup Footprint has announced a $13 million Series A funding round led by…


Pindrop claims up to 99% accuracy detecting synthetic voice fraud plaguing call centers

Pindrop has released its 2024 Voice Intelligence and Security Report, and its conclusions will come as no surprise to anyone…


Real-time remote biometrics banned in EU with final green light for AI Act

The European Union’s Artificial Intelligence Act received a final green light allowing it to become the world’s first major regulation…


Ethiopian capital Addis Ababa unveiled as host of 2025 ID4Africa AGM

It’s not only the case with sporting events like the FIFA World Cup, or the Olympic Games. The host of…


Ryanair accused of GDPR violations with biometric passenger verification

Travel policy advocacy group eu travel tech has lodged a formal complaint with the French and Belgian Data Protection Authorities…


Police in US cities that ban facial recognition asking others to do it for them

A major report in the Washington Post has found that law enforcement officers in U.S. several cities where facial recognition…


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events