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Canadian Tech in 100 Words

 

ATB Ventures

Oliu and PayTrie Unite to Redefine Security in Cryptocurrency Transactions

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ATB Ventures, the research arm of ATB Financial, has joined forces with PayTrie, a leading Canadian platform for secure stablecoin transactions.

PayTrie is set to revolutionize digital asset platforms by integrating Oliu, ATB Ventures’ advanced digital ID verification solution. Notably, this partnership makes PayTrie the pioneer in incorporating Oliu for ID verification, providing users with a seamless and secure onboarding experience.

Oliu allows identity verification using various documents and even bank login credentials, aligning with FINTRAC guidelines. This collaboration aims to enhance security and convenience for investors, ushering in a new era of digital trust.

Want to know more? Check out the source code on Calgary.tech.

Canada’s Digital Identity Crisis: A Barrier to Economic Growth

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As Canada strives for post-pandemic economic growth and innovation, a critical hurdle remains unaddressed: digital identity and data security. Cybercrime and identity theft have surged, with reported losses of $500 million in 2022, a 40% increase driven by the pandemic. The consequences range from drained bank accounts to hackers controlling vehicles.

The way we handle these issues affects every aspect of our digital lives, from bank verifications to daily transactions. Canada faces a pivotal moment in digital verification as existing methods falter against fraud. The remedy lies in a new data paradigm with robust digital identity tech and privacy standards.

Want to know more? Check out the source code on Fintech.ca.