Canada’s Interac buys digital ID outfit 2Keys
Canadian debit network Interac has acquired Ottawa-based 2Keys to strengthen its position in the digital identity market. Financial terms of the deal were not disclosed.
Founded more than 20 years ago, 2Keys provides digital identity and access technology used by governments, financial institutions and commercial clients. It currently supports over 40 million users performing four million identity verifications per day.
Mark O’Connell, CEO, Interac, says: “Acquiring the deep expertise of 2Keys gives Interac capabilities it can bring to the marketplace to support the development of digital ID solutions for Canadians’ increasingly digital lives.”