By Byron Kaye

SYDNEY (Reuters) -Software owned by Australia’s biggest banks is being tested as a way to comply with a teen social media ban, which begins in December, people involved in the process said, potentially involving the country’s financial sector in the world-first regulatory crackdown.

ConnectID is an identity verification tool owned by Australia’s top lenders, which confirms a person’s age from their bank account details. It is part of a package of software being pitched by Singapore-based age estimation provider k-ID, which uses facial estimation technology to pick a user’s age.

The pairing is already being tested by some social media companies in Australia, said k-ID, although it declined to say which. k-ID supplies age estimation for chatroom-focused platform Discord in B

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