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Source: businesswire | Published on: Tuesday, 28 January 2025
OAKVILLE, Ontario--(BUSINESS WIRE)--FCT, Canada’s leading provider of title insurance and real estate technology, today announced a majority investment in Fintracker Inc., a leading identity verification provider for real estate transactions in Canada. This strategic partnership will help deliver greater efficiency, enhanced security, and consistent compliance to the Canadian real estate market.
“This investment demonstrates FCT’s dedication to driving innovation in the real estate industry,” said Michael LeBlanc, CEO of FCT. “Fintracker’s advanced identity verification technology combined and integrated with our trusted services, will help create a more secure, seamless, and fully compliant experience for all stakeholders, while shaping the future of connected and intelligent identity verification processes.”
By integrating Fintracker’s solutions, FCT aims to create a connected identity ecosystem that accelerates the home-buying process, while enhancing data security and compliance. Fintracker transforms identity verification by digitizing the process, auto-completing FINTRAC and other pre-deal forms related to Know Your Client (KYC) and Anti-Money Laundering (AML) regulations. Through its innovative digital workflows, Fintracker simplifies compliance, reduces fraud risk, and safeguards sensitive personal information.
Fintracker’s founders, Simon Fiore (CEO) and Matt Amihude (CTO), will continue to lead the company’s long-term growth and expansion.
“Partnering with FCT enables us to scale our mission of simplifying compliance for agents and brokerages across Canada,” said Simon Fiore, president of Fintracker. “Our shared vision is to minimize friction for both the public and our clients, while raising the bar for KYC and AML compliance. Together, we’re fostering greater trust, transparency, and efficiency in real estate transactions.”
With an established reputation among major real estate boards and brokerages, Fintracker is already a trusted partner for real estate agents across the country. This partnership will further solidify its position as the go-to solution for KYC and AML compliance in the Canadian real estate industry.
About FCT
Based in Oakville, Ontario, FCT has over 1,200 employees across the country. FCT provides industry-leading title insurance, default solutions and other real estate-related products and services to approximately 450 lenders, 43,000 legal professionals and 5,000 recovery professionals, as well as real estate agents, mortgage brokers and builders, nationwide.
Great Place to Work® has named FCT one of Canada’s Best Workplaces® for 10 consecutive years (2015-2024) and certified FCT as a Great Place to Work®. In 2024, FCT’s parent company, First American Financial Corporation, was named both one of the 100 Best Companies to Work For and one of the Best Workplaces for Women™ by Great Place to Work® and Fortune Magazine for the ninth consecutive year.
For more information on FCT, please visit the company website at www.fct.ca.
About Fintracker:
Fintracker is a category-leading provider of digital identity verification and compliance technology for the Canadian real estate market. Fintracker leverages advanced workflows to support seamless compliance with KYC and AML regulations, delivering value to brokerages, agents, and consumers alike.
For more information on Fintracker, please visit the company website at www.fintracker.ca.