About Canadian Services

comprehensive kyc solutions for the canadian market a range services tailored for the canadian m arket is available, with easy and simple api integration the api facilitates smooth identity verification through credit bureaus, and telecom data, ensuring compliance with fintrac regulations canada credit bureau (fintrac) this service is for clients with fintrac compliance and reporting requirements methods used for the identity verification identity verification can be performed using two methods single source and dual source with the single source method, an identity is verified and qualifies for a 2+2 verification level if sufficient matching data is found from one comprehensive data source if verification isn't successful through single source, the process automatically falls back to the dual source method in this approach, identity data is checked across two separate sources if the identity is verified this way, it qualifies only as a 1+1 verification , which reflects a lower confidence level compared to single source conditions for the identity verification to comply with fintrac guidlelines single source decision (credit file) method a single source decision is determined where the credit file is > 3 years old and there is > 1 distinct source of data on the credit file ("category" "credit – single source") "namematchscore" =>"0 900" and "addressmatchscore" = "1 000" and "dateofbirth" true and "creditfile3years" true and "originofcreditfile" "canada" when a single source decision is ascertained then the "matchstatus" = "full match 2+2 verification" and "safeharbour" = true as a reporting entity, where a single source decision is asceratined, you must record and store the "returneddata" elements provided in the response by data zoo these are credit file number ("cid"); date of credit file creation ("creditfilecreated"); credit file origin ("originofcreditfile"); number of trades ("numberoftrades"); and the name, dob, and address as reported ("nameasreported", "dateofbirthasreported", and "addressasreported" respectively) if a single source decision cannot be ascertained then the search waterfalls to a dual source decision method dual source decision method a dual source decision is determined where the credit file is < 3 years old and there are 2 or more trade lines on the credit file which are > 6 months old ("category" "credit – dual source") "namematchscore" =>"0 900" and "addressmatchscore" = "1 000" and "dateofbirth" true and "ageofcreditfile>6months" true and "ageoftwotrades>6months" true when a dual source decision is asceratined then the "matchstatus" = "full match 1+1 verification" and "safeharbour" = false as a reporting entity, where a dual source decision is asceratined, you must record and store the "returneddata" elements provided in the response by data zoo these are credit file number ("cid"); number of trades ("numberoftrades"); (please note that although this may be more than 2, a maximum of two trades will shown in the response these being the two trades attributing to the decision) date trade 1 and trade 2 opened ("dateopened") account number of trade 1 and trade 2 ("accountnumber") institution name of trade 1 and trade 2 ("institutionname") and the name, dob, and address as reported for both trades ("nameasreported", "dateofbirthasreported", and "addressasreported") services available for sequened and composite search service(s) marked with the icon can not be included in sequencing canada consumer canada credit bureau 2 canada phone canada residential canada credit bureau canada composite searching canada sequenced searching additional features death check the canada credit bureau 2 service can return deceased record flag