Why Acting Now Is Critical
Canada’s financial ecosystem is changing fast. By 2026, all major banks must comply with theConsumer-Driven Banking Framework mandating secure, user-directed data sharing. But therace to build consumer trust has already begun. If your institution isn’t ready with a secure,scalable identity solution, your competitors will be.
Fraud is surging up 25% in just one year. Consumer trust is plummeting. And regulators arecracking down with over $20M in fines for weak KYC practices in 2023 alone. The question isn’t ifyou’ll need a modern identity verification platform. It’s how fast you can implement one beforecustomer churn, compliance failures, or fraud catch up with you.
ProofOfID: Move Fast, Stay Secure
ProofOfID isn’t just another KYC provider, it’s your competitive edge. Unlike traditional solutions, ProofOfID gives your customers a reusable, secure digital ID that they can use across services, eliminating friction, cutting costs, and accelerating onboarding to under 5 seconds.
Most KYC providers offer a one-time check. ProofOfID delivers a full digital ID lifecycle, on demand, on the user’s terms.
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