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The
plan mirrors an initiative in the United States by Facebook,
which created Facebook Connect to allow logging on to multiple
sites with a single identity.
Allianz, Axel Springer, Daimler, Deutsche Bank, technology
think-tank Core, and location services provider Here
Technologies signed a declaration of intent to establish a
platform for registration, e-identity and data services, the
group of firms said on Monday.
"The idea behind the cooperation is to provide a competitive,
European response to the platform economy's main players," the
companies said.
Responding to concerns about privacy and security, the group of
companies said the new venture "aims to guarantee the highest
standards in data security and data protection."
The European initiative was still several months away from being
launched, but the group of companies is announcing their plans
early in order to attract more partners.
When making purchases online, consumers using the new data store
would provide a so-called master key to sellers of goods and
services to unlock personal details needed for the transaction.
"We Europeans must at last fully play out our strengths in
digitalization," said Christian Sewing, Deutsche Bank's deputy
CEO.
"The time is ripe for a platform initiative of this kind. It
will increase legal certainty for clients and boost the European
digital economy's growth," he said.
(Reporting by Tom Sims; Editing by Edmund Blair)
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