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FCT Teams Up with Interac to Revolutionize Secure Identity Verification in Canadian Real Estate Transactions

FCT, Canada’s leading provider of title insurance and real estate technology, has entered into an agreement with Interac Corp., the prominent Canadian financial network, to integrate Interac’s Verified™ credential service into FCT’s real estate technology solutions. This partnership aims to establish a national standard for digitally secure real estate transactions, streamlining identity verification processes and enhancing security for all parties involved. Under the terms of the agreement, Interac Verified will allow Canadians to create a reusable digital credential using their bank login, a government-issued ID, and a biometric photo. This credential can be safely stored and shared with relevant real estate transaction participants, significantly reducing the need for repeated documentation and verification. By integrating this service, FCT intends to strengthen identity assurance in residential and commercial real estate transactions, thereby minimizing fraud risks and simplifying Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance for businesses. Michael LeBlanc, CEO of FCT, expressed enthusiasm for the collaboration. "We are thrilled to work with Interac to set a new industry standard for identity verification. This move underscores our commitment to digital innovation and modernizing real estate transactions, ensuring greater protection for Canadians," he stated. The integration of Interac Verified will enable real estate professionals, including agents, mortgage brokers, lenders, and legal professionals, to perform secure and streamlined identity checks. According to Ryan Lambert, vice president of data and strategy at FCT, this combination of biometric verification, document validation, and bank-verified data will create a trusted network of verified individuals and organizations across the real estate lifecycle. "This solution will seamlessly fit into our customers' workflows, allowing them to focus on providing outstanding service to their clients while maintaining high standards of security and compliance," he explained. Giles Sutherland, head of business development at Interac, emphasized the significance of this initiative. "Collaborating with FCT to enhance trusted identity verification in the home-buying process is a crucial step towards widespread adoption of reusable digital credentials in Canada. This will ultimately benefit Canadians by making the real estate transaction experience more secure and efficient." The integration process is currently underway, with the targeted production rollout planned for July. This timeline ensures that FCT and Interac can work together to thoroughly test and refine the system before it becomes available for widespread use. Industry Evaluation and Company Profiles Industry insiders view this collaboration as a landmark effort in digitizing and securing real estate transactions. The partnership between FCT and Interac is seen as a model for other sectors looking to adopt similar technologies, given the high trust and security benchmarks set by both companies. The integration of Interac Verified into FCT’s digital ecosystem is expected to accelerate the adoption of secure, reusable digital credentials across Canada, potentially influencing regulatory changes and further advancements in fintech. FCT, based in Oakville, Ontario, has a strong presence with over 1,200 employees nationwide and serves approximately 450 lenders, 43,000 legal professionals, and 5,000 recovery experts. As a subsidiary of First American Financial Corporation (NYSE: FAF), FCT has consistently been recognized as one of Canada’s Best Workplaces® for 11 consecutive years (2015–2025), highlighting its commitment to employee satisfaction and corporate excellence. First American Financial Corporation was also named one of the 100 Best Companies to Work For by Fortune Magazine for the tenth consecutive year in 2025, solidifying its reputation for fostering a positive and innovative work environment. Interac is a leading financial brand in Canada, known for its secure and reliable payment and value exchange services. With almost 300 financial institutions connected to its network, Canadians use Interac products over 20 million times daily. Interac’s focus on security and its established trust among users make it an ideal partner for FCT in their mission to modernize real estate transactions. More information on Interac and its Verified credential service can be found on their official website. In summary, the FCT-Interac partnership is a strategic move that leverages advanced digital identification technology to enhance the security and efficiency of real estate transactions in Canada. This collaboration sets a high standard for digital innovation and could serve as a precedent for future fintech initiatives in the country.

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FCT Teams Up with Interac to Revolutionize Secure Identity Verification in Canadian Real Estate Transactions | Trending Stories | HyperAI