BNSIA IDOS RFP – Supplier Presentation
IDVerifact Demo Session Video with Scotiabank
Scenario 1
As a middle-aged expatriate living in the eastern United States, I am finalizing a mortgage to purchase a single detached dwelling so I can return to my hometown of Elliot Lake, Ontario and am using monies from the sale of my previous residence and a tax-free savings account to partially fund the purchase.
Main Points
1. Demonstrate that it is possible to confirm the current and historical value of multiple properties in Canada and the United States.
2. Demonstrate that it is possible to confirm the sale price of a real estate transaction.
4. Demonstrate how property ownership and/or liens can be confirmed and associated to one or more individuals or entities.
8. Demonstrate that it is possible to confirm the mortgage details attached to a property
Property/Ownership Detail
Property/Ownership Detail
Main Points
3. Demonstrate if it is possible to confirm the license of a legal and real estate professional
Main Points
5. Demonstrate how a customer’s identity, income, employment, and other KYC data can be monitored on a set schedule (e.g., at time of mortgage pre-approval, approval, and closing
6. Demonstrate that it is possible to obtain an individual’s employment history
7. Demonstrate that it is possible to validate an individual’s address and address history
9. Demonstrate how proof of funds, including down payment, proof of savings and investments, could be obtained and confirmed.
11. Showcase any specific fraud prevention steps taken in the background.
Identity/Address
Income & Employment
Income & Employment
Employment
Sanctions/PEP/Negative Media
Identity/location/Address Verification
Passive Location/Address Verification
Passive Email/Phone/IP Fraud Detection
Main Points
10. Demonstrate that it is possible to confirm details about an individual’s debts and financial obligations
Scenario 2
As a non-Canadian business looking to expand into Canada, I can provide multiple documents to prove the identity, financial health and tax status of the business and its owners, so I can obtain a business bank account as well as one or more lending facilities.
Main Points
1. Demonstrate that it is possible to validate the business outside of Canada
2. Demonstrate that it is possible to collect various information about the company which has been operating exclusively in the Chile for X years
3. Demonstrate that it is possible to validate the various documents via Chile sources
4. Demonstrate that it is possible to identify and digitally validate the company’s owners who reside and do business in one or more countries outside of Canada.
6. Showcase any specific fraud prevention steps taken in the background.
KYC/KYB/KY3P/AI & NLP
Main Points
5. Demonstrate that it is possible to validate the non-Canadian company is registered to do business in Canada
Corporate Tax Detail
Canadian Corporate Registry Detail
Business Analysis Attributes
Accounting Data-as-a-Service
