Contribution: Industrial Research Assistance Program – Contributions to Firms
NOTARYPRO TECHNOLOGIES INC.
$69,900.00
ID Verification
EF 2024-25 · 2024-05-01
Résumé
The project aims to enhance the company's security and customer trust by implementing digital ID verification ("IDV"), and launching an AI legal document creator via chatbot.
Digital ID verification will streamline customer onboarding, reducing fraud and ensuring only legitimate users access the company's services. This process involves verifying user identities through identity document checks and real-time authentication techniques.
These technical capabilities will lead to new revenue streams, in particular for clients such as banks who only need to verify the identity of their customers and do not necessarily require digital notary services.
Lastly, the digital IDV system is required to launch online notary services in the US market.
Ministère
Programme
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (lien de confiance élevée)
Bénéficiaire
Emplacement
Oshawa|Oshawa, Ontario, Canada
Type de bénéficiaire
For-profit organization
Numéro d'entreprise
734419484
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
Tel que publié
Agreement End Date
2024-08-31
Agreement Number
1017713
Agreement Start Date
2024-05-01
Agreement Title
ID Verification
Agreement Title (French)
Vérification d’identité
Agreement Type
Contribution
Agreement Value
$69,900.00
Amendment Number
0
Coverage
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation. | Les projets des Contributions aux entreprises stimulent la création de richesse au Canada grâce à l’innovation technologique.
Description
The project aims to enhance the company's security and customer trust by implementing digital ID verification ("IDV"), and launching an AI legal document creator via chatbot.
Digital ID verification will streamline customer onboarding, reducing fraud and ensuring only legitimate users access the company's services. This process involves verifying user identities through identity document checks and real-time authentication techniques.
These technical capabilities will lead to new revenue streams, in particular for clients such as banks who only need to verify the identity of their customers and do not necessarily require digital notary services.
Lastly, the digital IDV system is required to launch online notary services in the US market.
Description (French)
Le projet vise à renforcer la sécurité de l’entreprise et la confiance des clients en mettant en œuvre la vérification numérique de l’identité (VNI), et en lançant un créateur de documents juridiques par IA via un robot conversationnel. La vérification numérique de l’identité permettra de rationaliser l’accueil et l’intégration des clients, de réduire la fraude et de garantir que seuls les utilisateurs légitimes accèdent aux services de l’entreprise. Ce processus implique la vérification de l’identité des utilisateurs par le biais de contrôles de documents d’identité et de techniques d’authentification en temps réel. Ces capacités techniques prospecteront de nouvelles sources de revenus, en particulier pour des clients tels que les banques qui n’ont besoin que de vérifier l’identité de leurs clients et n’ont pas nécessairement besoin de services de notaire numérique. Enfin, le système VNI numérique est nécessaire pour lancer des services notariaux en ligne sur le marché américain.
Expected Results
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Expected Results (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Federal Riding
Oshawa
Federal Riding (French)
Oshawa
Federal Riding Number
35074
NAICS Code
511211
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program – Contributions to Firms
Program Name (French)
Programme d’aide à la recherche industrielle – Contributions aux entreprises
Program Purpose
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Program Purpose (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Recipient Business Number
734419484
Recipient City
Oshawa|Oshawa
Recipient Country
CA
Recipient Legal Name
NOTARYPRO TECHNOLOGIES INC.
Recipient Operating Name
NotaryPro
Recipient Postal Code
L1H 8C1
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2024-2025-Q1-1017713