03/25/2025
Huge news to report on today!
Vancouver, British Columbia, March 25, 2025: Fastkey Technology Ltd. (Fastkey) is excited to announce that Newton Connectivity Systems Inc. (Newton) has closed its acquisition of 50% of the issued and outstanding shares of Fastkey for certain cash consideration. This partnership is expected to position Fastkey at the forefront of financial screening and due diligence innovation.
“Investing in Fastkey brings Newton – Velocity closer to our desired outcome for sustainable, long term access to critical employment and income confirmation from CRA for both our Mortgage Broker and Lender customers” said Geoff Willis, President and Chief Executive Officer of Newton. “We look forward to working with the Fastkey team to better integrate our respective solutions.”
Fastkey has quickly built a reputation for developing cutting-edge solutions that empower mortgage brokers with streamlined, efficient, and reliable financial screening tools. At the heart of this partnership is Fastkey’s CRA information retrieval tool (the CRA Service), a solution designed to mitigate one of the biggest risks in the mortgage process: income related fraud. By providing direct, secure access to official CRA income data, the CRA Service helps to eliminate the risks associated with forged documents and inaccurate applicant information and equips brokers with a method to verify income consistently.
“This investment into Fastkey will support our efforts to bring innovation to the mortgage industry in Canada as a whole” said Sam Khajeei, President and Secretary of Fastkey. “Fastkey’s CRA information retrieval solution is a gamechanger and Fastkey is committed to maximizing adoption across Canada and offering lenders an expedited path to ensuring financial legitimacy in mortgage
applications.”
In addition to the CRA Service, Fastkey offers a comprehensive suite of complimentary financial screening and compliance tools, including biometric identity verification (IDV), anti-money laundering (AML) and politically exposed persons (PEP) screening coupled with the IDV checks, online criminal record checks, title searches, and credit checks. These solutions make Fastkey a one stop platform for conducting thorough due diligence, ensuring compliance and mitigating risk.“ “We couldn’t ask for a better partner than Newton” said Shane Nercessian, Chief Executive Officer of Fastkey. “This partnership will help us accelerate the development of our solutions and ensure that mortgage brokers across Canada
have the most powerful financial screening tools at their fingertips.”
About Fastkey Technology Ltd.
Fastkey is a pioneering fintech company specializing in advanced financial screening and due diligence tools. With its fraud-prevention solutions such as the CRA Service, Fastkey is redefining the mortgage approval process by enabling mortgage brokers to make informed decisions with unmatched speed, accuracy, and confidence.
