Interac Corp. has announced a significant collaboration with global identity security leader Incode Technologies, Inc. to bolster its Interac Verified solutions. This strategic partnership will integrate advanced anti-fraud capabilities into Interac's document verification service. As part of the agreement, Interac will also hold exclusive Canadian rights to deploy Incode's sophisticated document verification technology.
Strengthening Canada's Digital Trust Framework
As Canada increasingly transitions towards a digital-first economy, this initiative aims to ensure the safety and reliability of online interactions at a national scale. The collaboration is designed to make high-assurance identity checks more accessible and affordable for a wider range of businesses. This move builds upon Interac's long-standing investment in creating a secure verification ecosystem for Canadians.
The enhanced service provides a cost-effective pathway for businesses to secure high-risk transactions, from digital account openings to credit applications. By improving the verification process, companies can approve legitimate customers more quickly while effectively stopping fraudulent actors at an earlier stage. This ultimately streamlines customer onboarding and strengthens overall security protocols across various industries.
Integrating Advanced Security Measures
A key enhancement is the integration of Incode's passive liveness detection, which has been independently validated to iBeta Level 3, the highest standard for identity security testing. This technology confirms that a real person is present during the verification process, effectively preventing spoofing attempts. The system achieves this high level of assurance without adding unnecessary steps for the user.
The platform will also feature Deepsight, an intelligence system that runs multiple layered tests to identify sophisticated fraud attempts. This tool is specifically designed to detect AI-generated deepfakes, virtual camera feeds, and other signs of device tampering. These advanced controls help accelerate the verification of legitimate users while flagging potential impersonation efforts.
Furthermore, the collaboration introduces an optional fraud network intelligence feature for participating organizations. Businesses can opt-in to receive network-level risk signals, enabling them to identify emerging fraud patterns more effectively. This shared intelligence helps fortify defenses across the ecosystem and informs proactive fraud monitoring strategies.
A Strategic Partnership for a Sovereign Digital Identity
Fatema Pirone, Head of Verification at Interac, stated that the primary goal is to build greater trust into digital interactions throughout Canada. She emphasized that the enhancements are designed to deliver higher assurance and faster outcomes in a cost-efficient manner. This positions the service as a practical and powerful option for Canadian businesses.
Ricardo Amper, founder and CEO of Incode, noted that his company is proud to support Interac's mission in shaping trusted digital experiences. He explained that the collaboration combines robust identity verification with advanced defenses against modern threats like deepfakes. This approach strengthens security without creating unnecessary friction for genuine customers.
Interac's position as a Canadian-owned network provides a unique system-level perspective on digital identity. The partnership reinforces a commitment to digital sovereignty, with data residency defaulting to Canada. This approach ensures the verification framework reflects how Canadian institutions collaborate while protecting national data.
This collaboration between Interac and Incode marks a pivotal step in advancing Canada's digital identity infrastructure. By equipping businesses with sophisticated tools to combat evolving fraud threats, the partnership aims to foster a safer and more efficient digital ecosystem. The new capabilities are scheduled for a phased rollout, with a target launch date in the third quarter of 2026.