1. What is the mission and vision of Autocorp.ai?
Our mission is to modernize the car-buying experience by building digital tools that put transparency, trust, and efficiency first. We envision a future where automotive retail is fully digital, seamless, and secure — empowering dealerships to sell smarter and customers to buy with confidence.
2. Why is trustworthy digital identity critical for existing and emerging markets?
Trust is the currency of digital commerce. In automotive, where vehicles are high-value assets, fraud has surged — with identity fraud making up over 75% of fraudulent applications in Canada. For existing markets, strong ID verification prevents costly theft and financial loss. For emerging markets, it lays the foundation for safe digital transactions, unlocking growth and inclusion by making financing and ownership accessible to more people.
3. How will digital identity transform the Canadian and global economy? How does your organization address challenges associated with this transformation?
Digital trust will accelerate financing, reduce fraud-related losses, and expand access to credit globally. In Canada alone, automotive fraud rose 54% year-over-year – a clear signal that transformation is needed. Our solution, AVA™ ID, leverages AI, biometrics, and OCR to verify identities in seconds while ensuring compliance with KYC and AML regulations. This helps dealerships and lenders eliminate inefficiencies, cut losses, and create safer digital ecosystems that power sustainable economic growth.
4. What role does Canada have to play as a leader in this space?
Canada is uniquely positioned to lead – combining strong financial institutions, progressive regulatory frameworks, and advanced data security expertise. By innovating in industries like automotive, Canada can export proven models of secure digital identity verification to global markets, setting the standard for how high-value transactions should be protected.
5. Why did your organization join the DIACC?
We joined the DIACC because digital trust is bigger than any one company. It requires collaboration across industries, regulators, and innovators. By being part of DIACC, we ensure that the automotive sector’s needs are represented while contributing to the creation of national standards that build confidence for consumers and businesses alike.
6. What else should we know about your organization?
Autocorp.ai is Canada’s first fintech to bring No-Impact Credit Checks, real-time Trade-in Valuations, and Fraud-Proof Test Drives into a unified digital retail suite. Our tools are already helping dealerships increase conversion by 35%, revenue by 28%, and lead generation by 55%. More than just software, we’re building the digital infrastructure that ensures every automotive transaction – from credit pre-approval to keys-in-hand – is safe, fast, and customer-first.