Interac is adding new capabilities to its InteracVerified lineup of solutions.
The Canadian fintech titan revealed a collaboration with Incode Technologies, an identity security and fraud prevention innovator based out of San Francisco that operates a state-of-the-art AI-powered platform for banks, telcos, governments, and marketplaces.
As Canada moves towards a more digital economy, Interac says it is focused on making the shift safe and reliable at scale.
“The goal is simple,” says Fatema Pirone, Head of Verification at Interac. “Build trust into digital interactions in Canada.”
Interac brings a system‑level vantage point as a Canadian‑owned and operated network with decades of experience delivering services at national scale, notes Pirone, which positions Interac to operate domestic verification that reflects how Canadian institutions work together, using privacy‑protective signals to raise confidence.
“Enhancements to our document verification service within the Interac Verified suite [are] designed to deliver higher assurance and faster outcomes in a cost-efficient way, positioning it as a practical option for decision makers and allowing Canadian businesses to approve legitimate customers faster while stopping bad actors earlier,” Pirone stated.
The specific additions from Incode will strengthen Interac’s document verification service with iBeta Level 3-validated liveness and deepfake and injection-attack detection via proprietary “Deepsight” technology.
Interac says the upgrade provides a cost-efficient path to expand high‑assurance identity checks to more businesses, from digital account openings and onboarding to credit applications and other high-risk transactions.
The firm “plays a unique role in helping shape trusted digital experiences in Canada,” observes Incode founder and chief executive officer Ricardo Amper.
“We’re proud to support that mission with technology built for a new generation of identity threats,” he said.
“By combining identity verification with advanced defences against deepfakes, injection attacks, and other sophisticated forms of impersonation, this collaboration helps bring stronger assurance to more Canadian businesses without adding unnecessary friction for legitimate users,” Amper believes.
Nearly 300 institutions are connected to Interac’s network (including Calgary’s Neo Financial and Toronto’s Wealthsimple), which sees 20 million actions per day.
The firm’s verification solutions power major platforms such as Kijiji as well as the National Bank of Canada.
The introduction of new verification capabilities will roll out on a phased basis throughout the calendar year, according to a statement from Interac.
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