Menu

Search

  |   Governance

Menu

  |   Governance

Search

Australia Tests Bank-Owned Software for Teen Social Media Ban

Australia Tests Bank-Owned Software for Teen Social Media Ban. Source: Richmond Fajardo/Unsplash

Australia is preparing to enforce its world-first ban on teenagers using social media, set to begin in December, and banks may play an unexpected role. Major lenders are testing ConnectID, an identity verification tool that confirms age through bank account details, as part of compliance measures. ConnectID is working with Singapore-based firm k-ID, which provides facial age estimation technology, to offer a two-layer verification system.

The partnership is already being trialed by some social media platforms in Australia, though no companies have formally signed up. ConnectID confirmed the collaboration, emphasizing that the system could provide a backup if selfie-based age estimation struggles with accuracy. Most teens already hold bank accounts, making the solution practical and reliable for age checks.

k-ID, which supplies age estimation for Discord in the UK, aims to expand its services to gaming platforms in Australia as well. While gaming firms are not part of the upcoming ban, they face growing pressure under separate regulations requiring stricter content moderation for minors.

Australia’s approach to age assurance is drawing global attention as governments worldwide explore ways to protect younger users online. A government-commissioned trial earlier this year found that AI-driven age estimation could help enforce age restrictions, but accuracy tends to decline near the 16-year cutoff. Authorities have urged social media companies to provide multiple, progressively more reliable options for age verification.

Andrew Black, managing director of ConnectID, said the company has been developing ID solutions with major partners for years and sees social media regulation as a turning point. With the teen ban looming, Australia’s banking sector may soon become central to online safety, offering tools that could set international standards in digital age verification.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.