‘Privacy and Security’ Should Be the Core of National Digital ID: Australia’s Largest Bank

The Commonwealth Bank supports the digital ID rollout but has maintained that it must remain voluntary and be secure.

A fingerprint is scanned at Argus Solutions in Sydney, Australia on Aug. 11, 2005. Ian Waldie/Getty Images

Australia’s largest bank has backed the Albanese Labor government’s proposed Digital ID legislation but says the system must remain voluntary for Australians’ use.

In a submission to a parliamentary inquiry, the Commonwealth Bank of Australia (CBA) outlined its views on the proposal, saying that there are five principles the Albanese government needs to adhere to if the digital ID system is to become “robust” and “interoperable.”