Financial Services Identity

Key Features

Accelerated KYC Onboarding

Accept pre-verified identity credentials from government issuers and trusted third parties to reduce customer onboarding from days to minutes while maintaining full regulatory compliance.

Reusable Identity Verification

Enable customers to complete identity verification once and present the resulting credential to multiple institutions, eliminating redundant document checks and improving the customer experience.

FINTRAC-Ready Audit Trails

Every credential verification produces a cryptographic proof record suitable for FINTRAC reporting and internal audit requirements, with tamper-evident logging and configurable retention policies.

Selective Disclosure for Privacy

Verify that a customer meets age, residency, or eligibility thresholds without collecting unnecessary personal data, reducing your privacy liability and data breach exposure.

Financial institutions across Canada spend billions annually on identity verification, yet the process remains slow, fragmented, and frustrating for customers. Every new account, mortgage application, or investment onboarding triggers yet another round of document collection and manual review. BaseID transforms this workflow by enabling banks, credit unions, insurers, and fintechs to accept cryptographically verifiable digital credentials that have already been vetted at the source.

When a customer presents a BaseID-compatible verifiable credential, your systems can confirm its authenticity, issuer trust chain, and revocation status in real time without contacting the original issuer. This means KYC checks that once took days can complete in seconds, with a stronger assurance level than photocopied documents ever provided. SD-JWT selective disclosure ensures you collect only the claims your compliance team actually needs, minimizing the personal data you store and reducing your exposure under PIPEDA and provincial privacy legislation.

BaseID integrates with your existing identity and access management stack through standard OpenID4VP presentation flows, so adoption does not require replacing your core banking infrastructure. Whether you are a Schedule I bank modernizing onboarding, a credit union serving rural communities, or a fintech building the next generation of financial products, BaseID gives you a compliance-ready identity layer that your customers will actually want to use.