TORONTO, July 3, 2018 /CNW/ - Securefact and PPSA Canada Inc. announced today a strategic partnership to enhance the value offered to clients through access to PPSA Canada's best-in-class lien management solutions, and Securefact's digital Know Your Customer (KYC) solutions.
Since 1995 Securefact has been a leader in lien management and corporate due diligence, providing solutions for some of the largest lenders in Canada.
Over the last three years Securefact has leveraged its experience in automating risk management to develop industry-leading customer due diligence solutions to manage financial, compliance (AML), and fraud risk for individuals and business customers. Securefact's KYC solutions enable leading financial institutions in Canada to implement their digital strategies, allowing them to manage new forms of risk while creating frictionless, meaningful customer experiences.
With more than 20 years in the secured lending space, PPSA Canada offers unique managerial tools that enhance security, processing efficiency, reporting, document management, and provide reminders and monitoring for processing staff. PPSA Canada prides themselves on continually evolving and fine-tuning their software to ensure clients benefit from industry-leading products, services, and reporting capabilities while always prioritizing a strong customer focus.
"When making the decision to dedicate our focus toward digital KYC solutions, we needed a strong partner with the knowledge and experience to ensure our existing PPSA clients would be in good hands," says David Sudbury, President and CEO of Securefact. "Our partnership with PPSA Canada has not only provided a seamless transition, but also offered many value-added services to enhance the clients' experience."
The Securefact and PPSA Canada partnership provides a comprehensive set of services for financing companies to automate lending decisions and asset protection, including real time due diligence on customers and streamlined workflows to perfect liens.
"We are pleased and proud to enter into a strategic and synergistic partnership with Securefact to offer premium, state-of-the-art lien management solutions," says Donald C. Larkin, President of PPSA Canada Inc. "We believe the integration of our lien management software with Securefact's identity and business verification solutions will place our mutual clients at the vanguard of technology, and provide the most advanced suite of products and services available."
Securefact is a Canadian regulatory technology company (RegTech) developing Know Your Customer (KYC) solutions to provide a simple way for banks, credit unions, payments companies, insurers, & FinTechs to instantly verify individuals & businesses in accordance with Canadian regulatory guidelines. By connecting multiple authoritative data sources with a single API, Securefact facilitates high verification rates, and a seamless client onboarding experience.
About PPSA Canada
PPSA Canada is a national provider offering PPSA solutions, land title solutions, and corporate searches. We focus on technology to bring clients the most cost effective paperless solutions. Our customers include major banks, credit unions, automotive financing, large equipment companies, and several national, US and regional leasing companies.
SOURCE Securefact Transaction Services, Inc.