Fintracker Adds Interac Verified Credential Service for Real Estate Identity Checks

Fintracker has integrated the Interac Verified credential service into its real estate identity verification platform, giving Canadian brokerages, agents, and home buyers a reusable digital identity option for property transactions.

The Winnipeg-based company said clients can verify their identity once and reuse the credential with their real estate professional through Fintracker, reducing repeated document submissions during the transaction process. The platform is designed to support know-your-customer and anti-money-laundering workflows for real estate firms, where identity checks are increasingly tied to fraud prevention and regulatory compliance.

Interac Verified provides a way for users to confirm identity information through participating services and share verified credentials without repeatedly submitting the same documents. Fintracker is applying that model to real estate, a sector where remote transactions, wire fraud risks, and high-value transfers have increased pressure on firms to modernize onboarding and client verification.

The deployment follows wider Canadian activity around trusted digital identity credentials and reusable verification models. It also aligns with financial-sector interest in cutting repeat identity checks while preserving auditability for regulated transactions.

Fintracker is backed by FCT, a Canadian title insurance and real estate technology provider. The company said the integration with Interac is intended to give brokerages and associations a more consistent verification process while giving consumers more control over when their identity information is shared.

The real estate sector has become a more visible target for identity fraud and payment diversion schemes because transactions often involve multiple parties, remote communications, and large transfers. A reusable credential does not remove the need for transaction-level controls, but it can reduce document handling and make it harder for impostors to move through basic onboarding checks with forged or stolen records.

The use case is also notable because real estate transactions often sit outside the banking environment while still carrying bank-like compliance obligations. Agents and brokerages must confirm who is involved in a transaction, but they may not have the same identity infrastructure as financial institutions. Embedding a reusable credential into a sector-specific workflow gives those firms a way to apply stronger checks without building a separate identity stack.

Sources: Newswire.ca

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By the ID Tech Editorial Team