Plaid has launched a global identity verification and KYC solution in Canada, called Plaid Identity Verification and Monitor, which helps digital finance apps and services comply with FINTRAC requirements, verify user identities from over 200 countries, and reduce fraud during onboarding. The solution is an all-in-one solution that can be customized to comply with multiple FINTRAC verification methods, integrates directly with a credit reporting agency, and uses a lightning-fast reliable data source verification. It also features an anti-fraud engine that identifies potential threats and prevents them from completing the verification process, while providing seamless end-to-end customer onboarding with Plaid's account linking experience. The solution requires little to no development work for existing Plaid customers and provides a no-code management experience, enabling easy integration into the onboarding stack.