Interac has announced it has entered into a strategic transaction to acquire the exclusive rights to SecureKey digital ID services for Canada. SecureKey is a digital ID and authentication provider that works with governments, financial institutions, and businesses to simplify consumer access to online services and applications.
Interac will assume SecureKey existing digital ID services, and leverage its operations, technology, and ongoing innovation capabilities to accelerate secure online service delivery and enable the Canadian digital economy while ensuring strong privacy and fraud protections are in place.
Interac says it will leverage the expertise and track record of SecureKey including services such as Verified.Me, a first-of-its-kind digital ID verification network built on distributed ledger technology, and Government Sign-In by Verified.Me (formerly known as SecureKey Concierge), a secure sign-in tool for accessing over 280 government services. SecureKey will operate its international business and continue to collaborate on developing digital ID networks and new licence deals in other markets.