Interac Partners with Incode to Combat AI-Generated Document Fraud

Interac has partnered with Incode Technologies to enhance its identity verification services in Canada. This collaboration aims to integrate advanced liveness detection and deepfake identification into Interac's document verification offerings. The partnership will provide exclusive Canadian rights for these capabilities, addressing the rising threat of AI-generated document fraud. Incode's technology includes passive liveness detection validated to iBeta Level 3, ensuring high security standards. The rollout of these new features is planned for Q3 2026, aiming to improve trust in digital interactions. This initiative comes amid a significant increase in AI-assisted identity fraud, which is projected to reach 50% of all fraud attempts by the end of the year. The partnership reflects a broader trend among financial institutions to enhance identity verification processes.

Key Points: • Interac partners with Incode to enhance identity verification in Canada. • New features include advanced liveness detection and deepfake identification. • AI-generated document fraud is expected to reach 50% of all identity fraud attempts by year-end.