Australia's Banking Sector Steps Up in Teen Social Media Ban
Australia's major banks are testing ConnectID, a software solution that verifies age using bank account details, in response to a looming social media ban for teens. In collaboration with age estimation provider k-ID, the initiative is part of a global push for stronger online protection for teenagers.
Australia's financial giants are taking a central role in enforcing a groundbreaking social media age restriction law set to begin in December. The software tool ConnectID, developed by Australia's top banks, is at the forefront of this effort.
ConnectID, which verifies age through bank account records, has partnered with Singapore-based k-ID, known for its facial age estimation technology. The collaborative project is being trialed by some social media platforms in Australia, though specific companies remain undisclosed.
This effort represents a significant pivot for Australia's banking sector into a regulatory space focused on adolescent online safety. As the world observes this regulatory experiment, other jurisdictions may replicate these measures to enhance protections for teenagers in digital environments.
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