Subscribe
Logo
Logo
  • Topics Icon Topics
    • AI Icon AI
    • Banking Icon Banking
    • Blockchain/DeFi Icon Blockchain/DeFi
    • Embedded Finance Icon Embedded Finance
    • Fraud/Identity Icon Fraud/Identity
    • Investing Icon Investing
    • Lending Icon Lending
    • Payments Icon Payments
    • Regulation Icon Regulation
    • Startups Icon Startups
  • Podcasts Icon Podcasts
  • Products Icon Products
    • Webinars Icon Webinars
    • White Papers Icon White Papers
  • TechWire Icon TechWire
  • Search
  • Subscribe
Reading
Digital ID Tech Takes Off in Canada
ShareTweet
Home
Fintech
Digital ID Tech Takes Off in Canada

Digital ID Tech Takes Off in Canada

Todd Anderson·
FintechNorth America
·Jul. 10, 2020·1 min read

The pandemic has helped drive a surge in Canadians using digital identity authentication platforms to get access to government programs; with the shift to digital likely to stick there will be an increased usage in ID verification for banking, real estate, insurance and health care; Concierge from SecureKey Technologies and GCKey from 2Keys were the main providers allowing people to verify their identity; “In April 2020, we saw 1 million new users and a 549 percent increase in total logins for Employment Insurance and state pension benefits via our service” said Tara Bailey, VP of Service Delivery at 2Keys; SecureKey also has a Verified.Me federated identity network which runs on a private blockchain and is supported by Canada’s biggest banks and telcos; Verified.Me works with Equifax, Onfido and EnStream to help verify the various pieces of the transaction; “We think there will be a permanent shift to using remote authentication methods after the lockdown, as people who weren’t digital are now more comfortable using digital,” Greg Wolfond, SecureKey’s CEO, said to American Banker. “So we’ll see a lot of industry sectors adopting digital authentication, for example for identity verification for large online purchases.” American Banker.

  • Todd Anderson
    Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

    View all posts
Tags
digital bankingEnStreamEquifaxID verificationOnFidoSecureKey Technologies
Related

Rory O’Reilly, Co-Founder and CEO of Knot, on connecting cardholders to merchants

Nico Simko, Founder & CEO of Clair on a different approach to earned wage access

How Fintech Lenders Can Help Capture Small Business Opportunity

Anthony Sharett, President of Pathward, on how to do banking-as-a-service right

Popular Posts

Today:

  • 124Female Fintech Founders Full Speed Ahead Aug. 14, 2025
  • Gazing Into the IPO Crystal BallKlarna Now, A Deluge Later? Mar. 20, 2025
  • FN articleVisa’s Director of Product Management on BNPL’s Future Jul. 22, 2025
  • Fintech ForecastWhy Every Lender Should Be Using Cash Flow Underwriting Today Jul. 29, 2025
  • Nova Credit Nikki CrossNova Credit Sees BNPL Flashing Consumer Warning Signs Aug. 5, 2025
  • 124Data Regina America Aug. 5, 2025
  • keep-an-eye-on-these-female-fintech-founders 2 (2)Peer-Picked: Female Fintech Founders on the Rise Aug. 12, 2025
  • keep-an-eye-on-these-female-fintech-founders 2 (3)Future of Fintech: Female Founders in Focus Aug. 14, 2025

This month:

  • Penny LeeThe Battle for Open Banking’s Future Jul. 10, 2025
  • Fintech ForecastWhy Every Lender Should Be Using Cash Flow Underwriting Today Jul. 29, 2025
  • keep-an-eye-on-these-female-fintech-founders 2 (2)Peer-Picked: Female Fintech Founders on the Rise Aug. 12, 2025
  • keep-an-eye-on-these-female-fintech-founders 2 (3)Future of Fintech: Female Founders in Focus Aug. 14, 2025
  • Jeff Radke AccelerantAs Accelerant IPOs on NYSE, CEO Jeff Radke Hopes to Usher In Insurtech 3.0 Jul. 24, 2025
  • Newsletter-graphicBig Tech’s Billion-Dollar Binge Aug. 13, 2025
  • Chris Taylor Fractional AIFractional AI’s CEO Chris Taylor on Scaling the Unscalable Jul. 23, 2025
  • Fintech Forecast (2)Consulting the crystal ball— which 2025 fintech predictions came true, and what’s in store for the rest of the year? Aug. 7, 2025
  • Nova Credit Nikki CrossNova Credit Sees BNPL Flashing Consumer Warning Signs Aug. 5, 2025
  • FN articleVisa’s Director of Product Management on BNPL’s Future Jul. 22, 2025

  • About
  • Contact
  • Disclaimer
  • Privacy Policy
  • Terms
Subscribe
Copyright © 2025 Fintech Nexus
  • Topics
    • AI
    • Banking
    • Blockchain/DeFi
    • Embedded Finance
    • Fraud/Identity
    • Investing
    • Lending
    • Payments
    • Regulation
    • Startups
  • Podcasts
  • Products
    • Webinars
    • White Papers
  • TechWire
  • Contact Us
Start typing to see results or hit ESC to close
lis digital banking USA Lending Club UK
See all results