FCT Partners with Interac for Secure Real Estate Transactions in Canada

FCT has partnered with Interac to enhance digital identity verification in real estate transactions in Canada. The integration aims to establish a national standard for secure transactions and streamline the verification process. The Interac Verified credential service uses bank logins, government-issued ID, and biometric photos to verify identities, eliminating the need for repeated document checks. Production rollout is set for July 2025.

OAKVILLE, Ontario — FCT, a leading provider of title insurance and real estate technology, has announced a partnership with Interac Corp. to integrate the Interac Verified™ credential service into its digital real estate solutions. This collaboration aims to establish a national standard for secure identity verification in real estate transactions, streamlining the process and enhancing security.

The Interac Verified credential service allows Canadians to create a secure and reusable digital identity using their bank login with a participating financial institution, an accepted form of government-issued ID, and a biometric photo. This digital credential can be safely stored and shared with relevant transaction participants, eliminating the need for repeated document verifications.

FCT will integrate the Interac Verified solution into its FINTRAC-compliant digital real estate ecosystem, enabling real estate agents, mortgage brokers, lenders, and other professionals to conduct secure and streamlined identity verification that supports KYC/AML requirements.

“We are thrilled to collaborate with Interac to set a new industry standard for identity verification," said Michael LeBlanc, CEO of FCT. "This collaboration highlights our dedication to digital innovation and modernizing real estate transactions, while helping protect Canadians.”

FCT’s adoption of Interac Verified will strengthen identity assurance across residential and commercial real estate transactions. It will also help protect sensitive personal information by allowing home buyers or owners to share only the necessary data when and where needed, reducing fraud risks and compliance requirements for businesses.

“Interac Verified will power FCT’s vision of building a trusted network of verified individuals and organizations across the real estate lifecycle,” said Ryan Lambert, vice president, data and strategy of FCT. “By combining biometric verification, document validation, and bank-verified data into a single reusable credential, we are delivering the foundation for a national, secure real estate transaction. This solution integrates easily into our customers’ workflows, allowing them to focus on serving their clients.”

“We are proud to collaborate with FCT on this initiative to enhance trusted identity verification within the Canadian home-buying process. This marks a significant step toward the wide adoption of reusable verification, ultimately benefiting Canadians by supporting a more secure and efficient home-buying experience,” said Giles Sutherland, head, business development at Interac.

The integration of the Interac Verified credential service into FCT’s digital ecosystem is currently underway, with a production rollout scheduled for July 2025.

For more information about the Interac Verified™ credential service, please visit: [Interac Verified Credential Service - Interac](https://www.interac.ca).

References:

[1] FCT Partners with Interac to Transform Identity Verification in Real-Estate Transactions. Business Wire. [20250512632503](https://www.businesswire.com/news/home/20250512632503/en/FCT-Partners-with-Interac-to-Transform-Identity-Verification-in-Real-Estate-Transactions)

[2] FCT and Interac Collaborate to Enhance Digital Identity Verification in Real Estate. Business Wire. [20250512632503](https://www.businesswire.com/news/home/20250512632503/en/FCT-Partners-with-Interac-to-Transform-Identity-Verification-in-Real-Estate-Transactions)