FCT Acquires Majority Interest in Fintracker to Modernize Identity Verification in the Canadian Real Estate Industry

FCT, a leading Canadian company specializing in title insurance and real estate technology, has acquired a majority stake in Fintracker Inc., a prominent provider of identity verification solutions for real estate transactions in Canada. This strategic move aims to enhance the efficiency, security, and compliance of the Canadian real estate market.

Michael LeBlanc, CEO of FCT, emphasized the company's commitment to innovation in the real estate sector. He stated that integrating Fintracker's advanced identity verification technology with FCT's services will create a more secure and seamless experience for all parties involved, while also shaping the future of connected and intelligent identity verification processes.

Fintracker's technology digitizes the identity verification process, automatically completing necessary forms related to Know Your Client (KYC) and Anti-Money Laundering (AML) regulations. This digital approach simplifies compliance, reduces the risk of fraud, and protects sensitive personal information.

The founders of Fintracker, CEO Simon Fiore and CTO Matt Amihude, will continue to lead the company's growth and expansion. Fiore expressed enthusiasm about the partnership, noting that it will allow Fintracker to scale its mission of simplifying compliance for agents and brokerages across Canada. He highlighted the shared vision of minimizing friction for both the public and clients, while enhancing trust, transparency, and efficiency in real estate transactions.

Fintracker is already a trusted partner for major real estate boards and brokerages nationwide. This partnership with FCT is expected to strengthen its position as the preferred solution for KYC and AML compliance in the Canadian real estate industry.

Based in Oakville, Ontario, FCT employs over 1,200 people across Canada. The company offers title insurance, default solutions, and other real estate-related products and services to a wide range of clients, including lenders, legal professionals, real estate agents, mortgage brokers, and builders.