Industry challenges
KYC and compliance
Driver's licence, SIN, proof of address, articles of incorporation... every client must be verified under FINTRAC guidelines.
Credit applications
T4 slips, Notices of Assessment, employment letters: borrowing capacity must be proven.
Anti-money laundering
PCMLTFA requires verification of fund origins and amount consistency.
Volume of files
Thousands of files to process with strict OSFI and FINTRAC regulatory deadlines.
Documents processed
- —Identity documents (driver's licence, passport, SIN card)
- —Proof of address (utility bills, bank statements)
- —T4 slips and employment letters
- —Notices of Assessment (CRA)
- —Articles of incorporation and Business Number registration
- —Agreements of purchase and sale
- —Bank account details
- —Wire transfer orders
Automatic validations
- ✓Identity verified across all documents
- ✓Proof of address less than 3 months old
- ✓Income consistency between T4 slips and Notices of Assessment
- ✓Borrowing capacity vs. requested amount
- ✓Corporate registration current via Corporations Canada or provincial registry
- ✓Account holder identity consistency across banking documents
Measured results
80%
time saved
+20%
fraud detected
-50%
processing time