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IPFS News Link • Canada

AI, document and identity verification continues to transform Canada

•, By Bianca Gonzalez

Oliu partners to support Canadian financial institutions
ATB Ventures announced a partnership between its identity verification platform Oliu and thirdstream's fintech onboarding platform. thirdstream will now offer Oliu's verification to its service providers throughout Canada, starting with residents of the province Alberta.

thirdstream's platform includes identity verification, account funding, business and credit card onboarding, and unsecured retail lending.

With Oliu, thirdstream clients can now verify their identities by logging into their accounts. Other provincial government services are expected to follow.

CRA introduces document verification service
The Canada Revenue Agency (CRA) is introducing the document verification service this tax season. Users can quickly validate their identity and get access to their online account by using an identity document. This new option is also available for business accounts and representatives.

It currently takes up to 10 business days to receive a CRA security code in the mail. This new service eliminates this wait, though individuals can elect to get their code via mail if they prefer.

Users must be 16 years of age or older and must have a phone with a camera. The only identity documents currently accepted are Canadian passports, Canadian driver's licenses, and provincial/territorial ID cards.

The user must submit their social insurance number, date of birth, and their most recently assessed tax return from the current or previous year.

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