The Trust Exchange system will allow Australians to provide personal information via a digital wallet, reducing the necessity to always share PII with businesses during identity verification.
With the TEx system, the Australian Government aims to empower citizens with greater control over their personal data while enabling businesses to streamline customer onboarding.
As businesses engage with customers, the Trust Exchange system is expected to significantly minimize data risks and provide a safer interaction environment.
With the upcoming TEx system pilot in January 2025, Australia is set to revolutionize the way identity verification and data protection are managed.
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